Crypto Shopping Is Here – SocialGood App
14 December 2021 - 06:10PM
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One of the primary reasons consumers shop online is to take
advantage of the convenience it offers and excellent bargains such
as cash-backs, coupons, discounts, and other incentives. Now that
we are entering the third generation web – web 3.0,
cryptocurrency is taking the lead in that sense as well. As a
consequence, the number of buyers who have embraced
cryptocurrencies within e-commerce has grown exponentially.
Interestingly, there is a project that is merging these two
concepts – it is referred to as SocialGood. About SocialGood – The
Crypto Shopping App To address the world’s growing economic
inequality problem, the Japan-based Social Good Foundation
developed a mobile crypto back app called SocialGood, which stands
out because it offers 100% crypto back. This is quite different
from other crypto apps that offer cash-back options. With other
apps, shoppers can only expect to receive a 1% to 3% cashback.
Besides that, other firms offer a waiting period of up to three
months. With SocialGood, the waiting period to receive the crypto
back can be as little as 30 days. The app is available for both iOS
and Android users and it features several eCommerce partners,
including eBay, AliExpress, Myntra, Best Buy, Alibaba, and many
others. SocialGood aspires to contribute back to the community in
which it operates. It is a community-driven cryptocurrency
initiative to improve the world and create a win-win-win situation
for buyers, merchants, and society as a whole, all while connecting
the world through the use of cryptocurrencies and blockchain
technology. How SocialGood App Works The process is extremely
simple and only involves a few steps. First, shoppers buy goods
using fiat currency. They can pay using any of the supported
payment options on the eCommerce site. Once they do this, they
qualify for up to 100% of the value purchased back in crypto up to
$10,000. Second, they will receive a notification that their crypto
is pending in the form of the SocialGood coins (SG) within a few
days. Shoppers will be able to withdraw this crypto within a month
of shopping. The final step is withdrawing the crypto. Crypto can
be withdrawn once the partner company has approved the purchase,
which can take a month. SG is currently listed on leading crypto
exchanges such as BitMart, Uniswap, and Bittrex. Users can also
receive up to 15% APY in staking rewards if they hold onto their
SG. Since the utility of the SG tokens will continue rising, their
value is likely to continue growing with time. The SocialGood app
is a growing movement that has over 600,000 members globally.
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