CornerMarket is a Web3 shopping platform that enables local businesses to accept peer-to-peer crypto payments with a low transaction fee of 1%, facilitating direct transactions without intermediaries. The platform enhances customer engagement through targeted marketing and loyalty programs, helping small businesses attract and retain customers while supporting their local economies.
Funding
Funding not disclosed
Founders
Product
Problem
Local businesses face challenges in adopting Web3 technologies and cryptocurrencies due to technical complexities and the need for specialized infrastructure. Traditional payment systems also impose high transaction fees, reducing profitability for small and medium-sized businesses.
Solution
CornerMarket is a Web3 platform designed to facilitate the adoption of cryptocurrency payments for local businesses, enabling direct transactions with customers. The platform allows businesses to list deals and accept payments in USDC, providing a stable and transparent payment method. By leveraging blockchain technology, CornerMarket reduces transaction fees to 1%, significantly lower than traditional credit card processing fees. The platform also offers tools for customer engagement, such as loyalty programs and targeted marketing, to help businesses attract and retain customers. CornerMarket aims to create a seamless bridge between Web3 technology and real-world commerce, fostering local economies and empowering small businesses.
Target Audience
CornerMarket targets local businesses seeking to accept cryptocurrency payments and engage with Web3 customers, as well as crypto users looking to support local economies.
Features
- Peer-to-peer crypto payments with a 1% transaction fee
- Support for USDC stablecoin payments
- Tools for creating and managing customer loyalty programs
- Targeted marketing features to enhance customer engagement
- Mobile app available on iOS
- Web3 wallet integration
- On-chain deal data for transparency and accuracy
- Secure smart contracts for payment processing