Autobay.io — the first decentralized e-commerce platform to buy, sell and auction any vehicle with cryptocurrency
by Ilin Kazandzhiev
Can you imagine what a great experience would be to buy a car with only a few mouse clicks, sitting in the comfort of your home? Wouldn’t it be perfect?
Nowadays, when digital evolution is in its heyday, this is possible. Autobay is the first decentralized e-commerce platform where you can actually buy and sell any vehicle using your cryptocurrency.Autobay makes a revolution in the process of buying cars. You don’t have to worry about carring big amount of money for the desired vehicle. The whole process is simplified and smooth. Using Autobay you are only 3 easy steps away from buying a new car. You just have to choose the vehicle and then to pay with a cryptocurrency of your choice. At the moment payments can be done with BTC, ETH and ABX — Autobay tokens which are currently in private sale. You can register for Whitelisting here: https://www.autobay.io/registration
Thanks to technological progress, Autobay is saving you time and money. It also saves you extra fees if you choose to buy or sell a car using cryptocurrencies. Autobay ensures fast and secure transactions. The investors of Autobay could pay with the token when purchasing the desired vehicle from the e-commerce platform. Furthermore, the company rewards the investors that would prefer to pay with ABX over other cryptocurrencies.
Avoiding the inconvenience of paying cash, you save yourself stressful situations. The transactions are easy and simple, just like purchasing any other goods on the Internet. Who would choose to lose time and money when there is a method way more faster, more secure and easier to use rather than the current one.
The platform ensures its users by creating a reviewing system that will contribute for a fair community. By introducing this algorithm, users will rate the profiles of other users. That would create a self-regulating community. The greatest asset which the company offers is the secure registry process that eliminates any lapse and would not allow false profiles or profiles with wrong information to exist. The process of registration and the following transactions are ensured by the blockchain.
In the e-commerce platform of Autobay users are allowed for the first time to buy, sell and auction cars by paying with bitcoins and other crypocurrencies. The main aim of Autobay is to create legitimacy to the cryptocurrency market by allowing the use of Bitcoin, Ethereum and Autobay Tokens as a financial asset to acquire goods.
Nowadays, transactions provided by the automotive industry are rising steadily. The current method of payment is carried out by FIAT money. When purchasing a new vehicle almost everyone in some point got to carry FIAT currency in cash, either from or to the bank or from their house to the dealership. This could be a stressful and insecure process. The same procedure is repeated when purchasing a used car because the whole industry is based on paying with cash, creating a larger uncertainty during the procedure. Furthermore, if you want to buy a used car from a private seller, people are forced to travel to an unknown location, where an unknown seller claims to have the car they want and make cash transactions in a very uncomfortable situation. In that case you could not check thoroughly the car documentations with the help of a lawyer and you are forced to make premature decision in order to go home before dark.Risks such as losing money, getting mugged, payment with fake notes and time loss are part of the risks involved in cash payments. For the last 100 years the process of buying a vehicle has not been changed much. Now Autobay gives the right answer.
Actually Autobay gives the solution of all these problems. Autobay allows people to buy a car in just 3 easy and safe steps. Step one, the person has to browse for the car they want. Step two, when a person finds the car they want, either new or used, they just click in the button “I’m interested”. It means that they are willing to visit the location where the vehicle is, in order to see and buy the car. By pressing the I’m interested button, both parties, seller and buyer receive each other’s profile information. In this way one of the factors creating uncertainty is diluted. In that way the buyer knows who is selling the car and can see previous reviews of other users who have bought from him in the past and private sellers know who to let into their homes. So the process is mutual and safety is crucial for both parties.
Step three, and most important, when the person has agreed to purchase the vehicle there is no need for cash payments. The only thing the buyer has to do is open the Autobay Decentralized app on their mobile device, enter the “I’m interested” menu, where a listing of all the cars the buyer was interested in appears, he then looks for the post on the specific car he wishes to buy. Then with pressing the the “Buy” button he creates a Smart Contract in the Ethereum Blockchain and pays for the car.
That’s it — fast, easy and simple. Why wait? Register in https://www.autobay.io/registration and get your dream car!
