E-commerce has been on an unparalleled growth rate in the recent times and is set to rise even further. According to Statista, global e-commerce sales are projected to rise to $ 4.058 trillion by the year 2020. Despite the massive growth of e-commerce, merchants have been encountering the following hurdles:
The CoVEX’s Payment Gateway Platform will democratize the payment gateway and establish a trust solution based on the Blockchain by working seamlessly with a decentralized trust and reputation system where merchants will accept cryptocurrencies. The Platform will allow merchants and their customers to participate in borderless, global decentralized commerce with trust.