There are also features in this cryptocurrency that are inspired by automated market makers, which are smart contracts that create pools of tokens to provide liquidity. Within this system, automated shopping is used to bring together pools of goods from various suppliers. Customers can then directly access these pools and monitor the availability and prices of products, allowing them to find better deals on items they want to purchase. The goal is to eventually enable direct connections between merchants and shoppers without the need for intermediaries, thereby reducing costs for everyone involved. Uquid believes that this decentralized finance (DeFi) approach can help e-commerce businesses grow rapidly and expand their customer base globally. The company is confident that its strategy has the potential to transform global trade. Uquid's digital shop, which already offers more than 40,000 digital products such as video games, gift cards, subscriptions, and mobile top-ups, serves as one of the first places where users can utilize this ecosystem. The platform utilizes a Lightning Network node to facilitate faster and cheaper transactions. Additionally, the e-commerce site plans to include physical items in its offerings in the near future. As traditional retail declines, businesses are becoming more innovative to stand out in a competitive market. DeFi, having already disrupted the financial sector, may soon become a part of everyday shopping experiences.
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