Retail Conglomerate Launches On-line Mall Accepting Solely MegaX and Bitcoin Money

[Singapore – 21 Jan 2018] Singapore-based MegaX introduces first-of-its-kind world millennial on-line mall having raised USD2.5M from a token sale concluded on 16 November 2017.

MegaX, a partnership between iFashion Group and MC Fee, has launched an internet mall (Megaxstore.com) focused at millennials. Having been within the retail business since 2009, the mall has served over 1 million clients worldwide. The mall will present guests with entry to over 1,500 world manufacturers and 80,000 merchandise, that includes objects such because the Google Pixel 2, the Oculus Rift Contact VR System, iPhone X and even adrenaline-pumping toys just like the hydro jet that permits you to hover above the ocean. The net mall will even embody unique concierge service which goals to supply buyers on the lookout for a getaway with distinctive vacation experiences. Count on packages comparable to unique stays in Irish castles, silver mines, airplane fuselages and even ice motels.

The flexibility to transact utilizing MGX cash and different cryptocurrencies will present crypto-savvy millennials with the chance to expertise a brand new retail phenomenon in the way forward for cashless society. MegaX envisions and has been working in the direction of a future the place finally MGX, the native foreign money, would be the cryptocurrency of selection for millennials to earn, spend and transact. A contemporary and rising retail community, MegaX will pave the way in which for rising retailers to have interaction with millenials.

Bitcoin Money (BCH) is an instance of an advanced cryptocurrency that’s prepared for real-world use and is ready to cater to retailers’ wants comparable to having quicker transactions and decrease charges. “By solely accepting MGX and BCH as a substitute of fiat for funds, we’re decided to result in real-world adoption of cryptocurrencies,’ mentioned Jeremy Khoo, Group CEO, iFashion Group. “Regardless of a market cap of 728 billion USD in cryptocurrencies proper now, most retailers don’t settle for them as a type of fee. Retailers trying to resonate with the brand new era of shoppers must be fearlessly agile and open to adopting new fee varieties. Cryptocurrencies has seen unprecedented development in 2017 and we imagine that development will proceed.”

Megaxstore.com is piloting a rollout by accepting Bitcoin Money. MegaX goals to assist new-age retailers and cryptocurrencies attain out to a big addressable market, the millennials. A 2016 Accenture report states that inside Asia alone, millennials are anticipated to collectively represent USD 6 trillion in disposable earnings by 2020. In response to a CBRE survey, 30% of this earnings is spent on leisure actions comparable to purchasing and consuming out.

MGX as a cryptocurrency revolves across the millennial motion and goals to create a retail revolution by higher partaking with these phase of shoppers and being their foreign money of selection. The retail corporations behind MegaX have served greater than 10 million clients and can use an omni-channel strategy in spurring actual world adoption of MGX. Token holders also can count on to pay with MGX at a number of native offline occasions comparable to the subsequent set up of Artbox Singapore – a artistic market idea popularised in Thailand, which attracted over 600,000 attendees and totaled 30 million USD in transaction quantity throughout its inaugural Singapore outing over 2 weekends in April 2017.

Go to http://megaxstore.com / http://megax.io for extra data or the next contact factors Instagram: http://ift.tt/2ENLtQU

Fb: http://ift.tt/2ru7IcE

Twitter: https://twitter.com/megaXcoin

Telegram: https://t.me/Megaxcoin

Medium: http://ift.tt/2gAdwci

 

About iFashion Group

iFashion is a number one enterprise conglomerate firm centered on investing and buying style and life-style e-commerce ventures based mostly in Southeast Asia. To create synergy amongst companies, the Group aggregates extremely complementary companies through mergers and acquisitions in its sectors of curiosity. The Group acquired, most notably, native O2O manufacturers Dressabelle and Megafash, within the lead as much as an IPO.

About MC Fee

Based in Singapore in 2005, MC Fee is a number one progressive fintech firm that has a powerful regional presence with end-to-end value-chain of commerce transactions, starting from suppliers and retailers to shopper funds. Its know-how entails each retail to on-line funds, cellular to Distributed Ledger Expertise. MC Fee has grow to be the bridge that facilitates commerce transactions throughout the area, with fee acceptance starting from credit score and debit, to domestically most popular different funds, whereas serving regional retailers and monetary establishments alike.

About Megaxstore

Megaxstore is a multi-label on-line mall devoted to encourage and inspire clients with artistic items discovered world wide. Megaxstore now operates over 7 shops throughout Asia, providing experiential retail areas and a well-curated mixture of tech merchandise, resort stays, homeware, meals objects, stationery, novelty items, journey necessities, attire for males, girls and youngsters; in addition to equipment.

This can be a sponsored press launch and doesn’t essentially replicate the opinions or views held by any staff of The Merkle. This isn’t funding, buying and selling, or playing recommendation. All the time conduct your individual impartial analysis.