Why would you ever do business with a site that behaves like that? Well, until now, you’ve had no other choice. But with the right privacy coin for e-commerce, online shopping could be on the cusp of a huge change.

So, what’s the solution?

In 2019, you probably don’t pay with a privacy coin when you shop online. If you’re like 99% of people, you still use credit cards and make purchases through sites like Amazon.

Even if you own crypto, there’s every chance you still use BTC or ETH to make online transactions. And, as we know, these coins are far from perfect in terms of privacy.

Of course, the earliest crypto adopters have hoarded many mineable cryptocurrencies like BTC and ETH. When those coins first appeared, it was much easier to acquire them with minimal effort. Now, as their prices have skyrocketed, many people choose to hold these coins as a store of value rather than using them as a means of payment.

To corroborate this, just look at the distribution of bitcoin wealth. More than 95% of all bitcoins in circulation belong to just 3% of people. This is far too uneven a distribution to cater to the global online shopping industry.

Given what we know about these coins’ privacy issues, we’d be naive to think they provide the perfect solution. Instead, we need a privacy coin for e-commerce that can protect our data and give us the ultimate freedom to shop online. That’s where Safex comes in.

Safex: The privacy coin for e-commerce

Of all the cryptocurrencies tackling these problems, Safex provides the best solution. This platform functions on a blockchain that enables everyone to buy and sell goods and services using a purpose-built privacy coin for e-commerce called Safex Cash. Given the importance of data security in e-commerce, the Safex team has found the solution to ensure their users’ privacy. Technologies such as “stealth addresses” and “Ring Confidential Transactions” are used in the creation of Safex Cash, making transactions untraceable on the network.

Safex Cash not only hides your transactions from snooping eyes, but it also comes with its own purpose-built, decentralized marketplace.

Imagine Amazon, Upwork, and Shopify combined into one platform on a blockchain, with its own privacy coin for e-commerce. That’s Safex.

Within the marketplace you can create your own shop, make purchases, or offer your services as a freelancer. And you can do all that without having to provide any unnecessary data.

The beauty of Safex is that nobody — not even the team behind the marketplace — can see what you buy or who you buy it from. That’s in contrast to Amazon and Alibaba, which are both goldmines of personal data.

These two images illustrate the stark differences between Safex and its fiat-based competitors: