This business model, successfully implemented, it could change global trade forever. The traditional way of global trade involves a lot of intermediaries and is often complicated, inefficient, and costly. Trumarts Asset Exchange eliminates the need for intermediaries, reduces transaction costs, and increases the speed and efficiency of global trade.
One of the major advantages of Trumarts Asset Exchange is that it creates a trustless marketplace. The assets are backed and insured by the listing merchant, which reduces the risk of fraud and increases the trust between buyers and sellers. The buy now, pickup later model allows buyers to purchase assets from anywhere in the world, without having to worry about the logistics of shipping or storage.
Another significant advantage of Trumarts Asset Exchange is that it creates additional income streams for merchants. They can earn income from storage contracts and also receive a 1% commission on the resale of items listed on the exchange. This incentivizes merchants to list more items and provides them with a source of passive income.
The virtual receipt or “chit” that Trumarts Asset Exchange uses to facilitate the pickup or shipment of merchandise is a game-changer. It allows customers to potentially make a profit by selling the virtual replacement for the real asset. This opens up new opportunities for entrepreneurs and collectors to invest in assets from around the world and sell them to others.
Overall, Trumarts Asset Exchange has the potential to revolutionize global trade by making it more efficient, secure, and profitable for merchants and customers alike. The elimination of intermediaries and the use of virtual receipts creates a trustless marketplace that could change the way we think about global trade. There are no downsides for retailers and merchants as they will be able to earn additional income and reach a larger customer base.