Global Pandemic Births Next-Generation Global Marketplace
The Coronavirus aka COVID-19 global pandemic is disrupting economies around the world. A majority of economists agree that the virus can cause a financial depression greater than the likes of the 2008 crash. While the 2008 crash wrecked economies around the world and destroyed livelihoods, it also gave birth to some of the most disruptive technologies and platforms ever created. They include Whatsapp, Instagram, Uber, Pinterest and of course Bitcoin and the whole blockchain industry as well. So, while the pandemic is threatening lives and economies, it is also changing the world and creating space for new, disruptive platforms to emerge from the crisis. Total Exchange (TEX) is inspiring to be one of the new ground-breaking solutions emerging from this current uncertain landscape.
Introducing TEX Marketplace
TEX is aiming to be the World’s Largest Crypto and Goods Marketplace. With 0% vendor fees, 0% transaction costs, transparency, level playing field for all vendors, and a fully indigenously developed blockchain payment solution, TEX is aiming to challenge the current thinking and offer an efficient and empowering solution for people around the world. In these unprecedented times of uncertainty amidst the COVID-19 pandemic, we have launched the next-generation marketplace backed by the true power of decentralized technology. The current commerce landscape as it stands is a product of contemporary thinking and so it cannot be changed without fundamentally changing our thinking.
As the pandemic deepens in our society, we could experience greater reliance on internet-based services relating to e-commerce and digital solutions. Online marketplaces will continue to function as important and efficient gateways to global commerce. As an organization that strives to positively impact society, our COVID-19 response is the launch of the TEX marketplace. Vendors and consumers can come together online to transact with trust and transparency through the help of blockchain technology. Unlike other marketplaces such as Amazon, eBay, and Alibaba, there will be no vendor fees, transaction costs or monopolistic controls. As part of our vision, we believe digital currencies provide an efficient and effective means of transacting within a global context. After several months of strategic planning, we have finalized the whitepaper that details Total Exchange’s vision, strategy and execution moving forward.
Accelerating Blockchain and Digital Currency Adoption
Digital and cryptocurrencies are often blamed for having limited real-world use cases by skeptics and pro-fiat groups. Total Exchange platform will be a textbook marketplace solution to the current adoption conundrum within the crypto community as the sector has remained perennially on the sidelines. With a borderless, fee-less native payment solution, anyone would be able to buy and sell through the online marketplace with the help of secure and efficient transactional infrastructure. The platform will continue to deliver marketplace solutions that promote trust, transparency and universal traceability in global commerce. The Coronavirus pandemic is altering the world for the global e-commerce of tomorrow. It is time blockchain and cryptocurrencies cement their proper place with transforming use cases that facilitate the commerce of tomorrow, delivered today.
