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Shping Team By Shping Team • March 12, 2018

One of Australia’s largest retail conference organisers, now accepts Shping Coin

Retail Global, Australia’s most trusted eCommerce and retail conference organiser now accepts Shping Coin (SHPING) as payment for their conferences.

With many major brands and retailers in Australia as well as around the world attending these conferences, the adoption of Shping Coin as a payment option would provide more opportunities for brands to become familiar with blockchain technology, cryptocurrency and Shping’s future role in retail.

“We are excited about this development with Retail Global, who have the connections and influence to shape the omnichannel retail experience around the world,” said Shping chief executive officer & founder Gennady Volchek.

“Retail Global’s leadership in adopting Shping Coin as payment is a signal to retailers that cryptos like ours are a legitimate token of exchange for goods and services.”

Promoted as a revolutionary “product search engine” Shping enables everyday shoppers to earn cryptocurrency for scanning product barcodes with their app to unlock important product information that can help influence their purchase decisions.

Information such as detailed ingredient and provenance information, creative content marketing, videos, product reviews, product recall status and authenticity checks are aggregated and revealed to users of the Shping app about the products they are considering at the critical point of purchase. Participating brands must purchase Shping Coins to incentivise consumers to participate in campaign activations managed through the Shping platform. Shping Coins can be purchased through the live Shping Token Crowdsale which is due to conclude on the 23rd of March, 2018.

Volchek advises that brands and retailers who have not acquired Shping Coins through the Token Sale will have to purchase them through the open market to run their Shping campaigns in the future but warns that the price of these coins may vary wildly.

“The easiest time for participating brands to buy Shping Coin is during the Token Sale at the set introductory price of just 1 US cent. Beyond campaigns however, we’d love to see more retailers, certification agencies and product makers adopt Shping Coin as a global payment option which could become another way for brands to acquire the coins,” said Volchek.

Shping Coins acquired by Retail Global could be exchanged via a cryptoexchange for local fiat or other cryptocurrencies in the future. SHPING can also be sold or gifted to participating brands as they could use these coins for their consumer engagement campaigns through the Shping Platform.

One thing Shping and Retail Global have in common is that they cater to the retail industry. Both brands and retailers attending Retail Global conferences will now be able to use Shping Coins as a mode of payment.

Founder and CEO of Retail Global, Phil Leahly has a deep passion for creating meaningful connections and this connection between Shping and Retail Global will be the game-changer for payments in the retail industry.

"It is exciting to begin accepting Shping Coins as one of Retail Global's payment options. We believe that this is just the crux of what Shping Coin can do."

"For 12 years Retail Global have been embracing visionaries and entrepreneurs like Gennady and Shping."

"Retail is a dynamic industry and change is the only constant. Our conference focuses on education by assisting retailers to engage partners like to Shping to grow their business."

"Our 2018 Retail Global conference is already up 24% on ticket sales and this announcement will only increase that growth," said founder and CEO of Retail Global Phil Leahly."

About Retail Global

Retail Global (formerly the PeSA Internet Conference) was created out of a passion for the industry and the people who lead it.Founder Phil Leahy successfully launched and built one of the largest eBay businesses retailing CDs & DVDs – achieving Australia’s #1 eBay seller for the highest volume of sales in all seller categories for a number of years. He then decided to launch a conference to help others who were tackling marketplaces and cross-border.

We travel the globe, keeping our finger on the pulse of online retail trends and challenges. This has ensured we remain Australia’s most trusted eCommerce event. Both our Retail Conferences are recognised national annual events.Heading into our 12th year, our No.1 goal is to ensure value to the online seller community so it continues to grow in Australia and globally. Education is the key to success, and we share our secrets without fear.

Visit the Retail Global website at: retailglobal.com.au

About Shping

Shping started its life as Authenticateit in 2012. Concerned about the growing threat of counterfeit and unsafe products entering legitimate retail situations, Shping's founders developed a robust ecosystem to help organisations verify the authenticity of products through the supply chain up to the point of purchase.

Today, Shping has evolved into a powerful, all-round brand protection, marketing and consumer engagement platform. Fuelled by product information supplied by brands, retailers, government institutions, certification agencies, customs, product recall portals and GS1, Shping's Global Product Database is set to become the largest of its kind in the world.Shping has recently added a revolutionary cryptocurrency-based reward system to allow product brands, retailers and related organisations to reward consumers who use the innovative Shping app to help them make smarter and safer shopping decisions.

Buy Shping Coin in the Token Sale at: tokensale.shping.com