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Tuesday, October 24, 2017

Crypto News: Coinmall Hopes to Build an Ebay for Digital Goods Powered by Cryptocurrency

Coinmall Hopes to Build an Ebay for Digital Goods Powered by Cryptocurrency

Coinmall’s founder Yousef Abdulhassan explains that his new marketplace is a global, pseudonymous, and free market where users can buy and sell digital goods for cryptocurrencies. Abdulhassan and the Coinmall team hope the platform becomes the “eBay for digital goods, powered by cryptocurrencies.” Abdulhassan founded and incorporated the startup in October of 2016 and launched a bare-bone MVP version of Coinmall in January of 2017 to see if there was any interest in the service. The marketplace operator explains there was interest stemming from both the bitcoin and litecoin communities, so they launched the alpha release this month.

“Our users are able to transact any type of digital product on Coinmall, such as: downloadable products, licenses/keys, digital services, off-site products and anything in between,” Abdulhassan explains to “We currently accept bitcoin and litecoin, with more cryptocurrencies being added soon. But this depends on the community’s demand in regard to which cryptocurrency they’d like to see implemented.”

Coinmall does think it is a competitor to decentralized alternatives like Openbazaar. Abdulhassan says by using Coinmall, it’s easier to access due to the fact that you don’t have to download any programs and resolve complex errors. In Abdulhassan’s opinion, Coinmall’s target audience and reach is bigger than alternatives that he believes are difficult to access.

Full story at

Source: Bitcoin News

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