The future of e-commerce is being shaped by young entrepreneurs like Terry McGinnis and his company Online Shop who are redefining what it means to be loyal to a brand and the inspiration it brings.
Harrogate, UK, November 10, 2021 (GLOBE NEWSWIRE) –
If you were to ask someone just six months ago what an “online store” is or what they meant, they would answer you with a general lexicon: “This is a store you make for them. products you need, online ”. Quickly jump a few months into the future and ask the same people what the “online store” is and seven out of ten people will tell you it’s the skinny new startup on the block that is tackling head-on. Amazon and eBay without any hesitation. .
Online shop, the original idea of an Anglo-American entrepreneur born in Lithuania Terry mcginnis has enjoyed immense success since launching just a few months ago with groundbreaking engagement numbers, customer registrations and the number of sellers, large and small, promising exclusivity and support. Dominating the best search results and surpassing even the biggest brands, sales are plentiful and investors seem keen to see the company grab more and more retail market share, and this is just the beginning. .
When asked, Founder and CEO Terry McGinnis made the following statement:
“The company is doing very well, being that we are so new, we wanted to see the market fit first and if it would even be possible to face some of the bigger competitors there; the response from the market has been incredible. Both the big brands and the small independent stores and entrepreneurs who use us to do more, sell more and reach more customers, have nothing but good things to say. We try to be on the cutting edge of technology and outdo our competition in all aspects of what makes e-commerce great.
An online store, the domain alone, which according to private reports from GoDaddy was acquired for a staggering £ 3.7million, has seen an influx of investment from notable UK investors such as Robin vauvelle which has enjoyed immense success in manufacturing, real estate and venture capital in Europe, East Asia and North America. The company now has a 20,000 square foot distribution center in the heart of England, numerous offices accommodating up to 20 new employees by the end of 2021 and early 2022 and brand loyalty like nowhere elsewhere.
The company now plans to roll out its own utility token on the blockchain, which will act as a form of reward system that can be used in the online store and its partner network. The company is now testing cryptocurrency payments rather than the traditional fiat route.
“Blockchain is the future, as is decentralized finance – our current monetary system is built on a very fragile and predatory house of cards, controlled by institutions and people who have been able to raise capital cheaply and increase their wealth. through very discriminatory practices, and it has been clear to our generation in particular that this is absolutely unsustainable in any way. This is why I am a strong supporter of blockchain, crypto, and other forms of decentralized practices that benefit society. We are working on the launch of a utility token that will redefine customer loyalty, rewards, not only on the online store but also our network of partners, who share our vision for the future. said Terry.
The online store launches the SHOP token, and it is the first company of its kind to use crypto as a form of utility rather than investment, in which users will be able to collect SHOP tokens and use them in a variety of ways to earn discounts, receive rewards, power purchase products at discounted rates from select sellers, and much more. Imagine if your club card earned you airline and hotel points and allowed you to use them with hundreds of partners. The platform will also include the ability to sell digital assets such as NFTs and plenty of benefits for music artists and other types of artists to broaden their horizons and be rewarded for the products they are making. ‘they sell, whether it’s art itself or things like wares with several notable artists already embracing the platform for their merchandise sales.
Investment analysts expect the company to be on the list of companies to watch to achieve unicorn status over the next three years with private investors, venture capitalists and venture capitalists hitting the markets. doors of the Harrogate offices for a chance to participate in the company’s fundraising. efforts.
In a closing statement, Terry is noted as saying “This is just the beginning, the response has been absolutely amazing from all sides, there are a lot of people supporting us – that’s what inspires us at the end. of the day we’re still just dipping our toes and testing the waters.There is still a lot to do.
CONTACT: Name: Kelly Aislett Email: email@example.com Organization: Online Shop