5miles, one of the top P2P marketplaces in the U.S., functions with an objective to be the biggest blockchain-power-driven e-commerce platforms. As a result of this, 5miles has made an announcement of an innovative new program. Based on this program, the users will get exclusive loyalty, referral benefits, and backings from sellers to buyers in the marketplace.

Following a series of “firsts” for its app it has of late got into the blockchain technology including cryptocurrency. This venture in up-and-coming technologies that assure to change e-commerce is directing 5miles to implement a tokenized rewards program.

Dr. Lucas Lu, the Founder, and CEO of 5miles Says:

“We envision this program as a way to leverage the resources of our users. Like many other online marketplaces, we spend millions of dollars with Google and Facebook; traditional marketing that we know can be enhanced. This is an opportunity to bring that ad spend to our customers, in ways that will benefit them directly.”

By the end of October, 5miles Rewards will start offering numerous money-earning chances. The reward tokens incorporation will be into the already existing 5miles Wallet.

Each user can access a digital wallet on the marketplace. Consequently, the tokens for tasks undertaken will be deposited into this wallet. By collecting tokens a user can use it to pay for products or services on the marketplace. Users can also transfer tokens to other 5miles users.

The marketplace is building a portion of an ecosystem, and because of this, its rewards signify a chain of its innovative plan. Last fall, 5miles supported to incubate the CyberMiles blockchain. This was the starting point of the company’s integration of cryptocurrencies. The marketplaces is now planning for a payment processing gateway solution. Apart from this, a stablecoin based payment scheme enabling e-commerce deals is in the offing.

Dr. Lu further says,

“E-commerce is a $1+ trillion global industry. Given growing adoption of it in emerging markets, the use of stablecoins in the e-commerce space seems increasingly viable. 5miles is determined to lead this exciting adoption of stable coin in a brand new segment.”

Trendiest Shopping Apps

5miles is one of the trendiest shopping apps on both iOS and Android devices. It has now grown into an online community with 15 million users countrywide. Hundreds of millions of dollars ever month go through the marketplace. The firm continues to deliver-and advance upon-a vibrant, mobile shopping experience. Consumers can get real items in real time from real people-all within five miles.