What is GLMall and how does it benefit online merchants?

GLMall is a global and local marketplace designed specifically for online shops that struggle with marketing visibility on traditional search engines or face high fees and direct competition on platforms like Amazon. It allows merchants on platforms like Shopify or WooCommerce to integrate their stores directly into the GLMall network or create new storefronts.

How does GLMall solve the issue of high transaction fees for crypto payments?

Standard blockchain transactions often incur high transfer fees that outweigh the value of low-cost e-commerce purchases. GLMall addresses this by running a cost-free parallel token solution on its internal "chain code" technology and Skyfiber blockchain, allowing users to execute transactions without transfer costs before swapping back to original cryptocurrencies via an escrow wallet.

What target audience does GLMall cater to?

GLMall targets online retailers worldwide - both established businesses on platforms like Shopify and WooCommerce and standalone sellers - who want to expand their reach and accept cryptocurrency payments securely and cost-effectively.

What recent intellectual property achievements has GLMall secured?

GLMall's proprietary technology was granted a European patent in March, followed by approval from the United States Patent and Trademark Office (USPTO) right before the TOKEN2049 conference.

What future token plans does GLMall have?

GLMall is planning its own Initial Coin Offering (ICO) to launch a dedicated token that will function as the parallel token alongside its existing transfer token infrastructure.