Amazon Purchases via ETH Will be Possible Thanks to Joint Work by Two Startups
- CLIC Technology and Opporty are working on a browser add-on that will allow consumers to make everyday purchases on Amazon using Ethereum.
- It will make use the Plasma Cash second layer solution which offers high throughput.
Crypto payments company CLIC Technology and blockchain infrastructure provider Opporty are joining forces in developing a browser extension that will allow Amazon users to pay with ETH. This information was announced on Friday in a press release that states that the new browser add-on will “revolutionise the e-commerce industry, allowing consumers to make everyday purchases on Amazon using the open source, public, blockchain-based distributed computing platform Ethereum”.
This new project is set to be based on Plasma Cash, a layer 2 scaling solution on Ethereum. By utilising its high throughput capabilities, as opposed to Ether’s main chain which is limited to 20 transactions per second, it is advertised as a huge leap towards a functional crypto economy and a capable competitor to Visa and Mastercard.
CLIC Technology CEO Roman Bond commented the project:
“We’re excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well.”
adding that…
“Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries,”
In the future the two firms aim to build analogous payment services for other cryptocurrencies as well, considering the ERC-20 and ERC-721 ethereum standards.
In addition, the press release states that CLIC Technology is working towards a crypto payment platform named CLICPay and is currently in the process of onboarding clients.
- MetaMask Bridges was designed to aggregate multiple blockchain bridges in one place, making it easier and more secure for users to transfer their assets from one network to another.
- The new feature currently supports the Ethereum, Avalanche, BNB Chain, and Polygon blockchains, as well as the Connext, Hop, Celer cBridge, and Polygon Bridge.
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- Over the weekend the Ethereum PoW network fell victim to a replay exploit, with the attacker executing the same transaction on two chains at the same time.
- The exploit was caused by a contract vulnerability in the Omni cross-chain bridge, and did not affect the ETHW network itself.
- Ethereum’s PoS upgrade, also known as the Merge, was executed at 06:44 AM UTC on 15 September, combining the existing blockchain with the parallel Beacon Chain.
- The move has reduced Ethereum’s energy consumption by more than 99%, which is equal to 0.2% of the global electricity consumption.