AliExpress, the globally recognized online retail powerhouse affiliated with tech giant Alibaba, has taken a notable stride by embracing a meme coin that competes directly with renowned cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB).
In a thrilling announcement, the creators of the meme-inspired digital asset Floki (FLOKI) have disclosed that users can now utilize this canine-themed cryptocurrency to purchase a diverse range of products on AliExpress, a prominent player among the world’s largest online retailers.
To streamline this convenient transaction process, consumers can leverage the services of Shopping.io, an e-commerce protocol tailored specifically to cater to the crypto community. This innovative platform offers shoppers an exceptional opportunity to seamlessly utilize their digital assets to procure items from major retail giants such as Amazon, Walmart, Etsy, and eBay.
Paying in FLOKI on AliExpress: Step-by-Step Guide
Shopping.io, a Web3 plugin, enables the ability to pay in $FLOKI on platforms like AliExpress, Walmart, eBay, and Home Depot. Notably, Shopping.io supports several smaller-cap memecoinss such as Pepe (PEPE), Dino (DINO), Kishu Inu (KISHU), and others.
While larger market-cap meme coins like Shiba Inu (SHIB) and ApeCoin (APE) are also supported, paying with Dogecoin (DOGE) is not currently available. However, paying for your ordered goods on AliExpress using $FLOKI is a straightforward process that involves a few simple steps.
- Visit AliExpress: Go to the AliExpress website and add the desired items to your shopping cart.
- Proceed to Checkout: Once you have selected all the items you want to purchase, proceed to the checkout page.
- Select Shopping.io: On the checkout page, look for the payment options and choose Shopping.io as the preferred payment method.
- Choose FLOKI: After selecting Shopping.io, you will see an expanded list of supported cryptocurrencies. Locate FLOKI and choose it as your preferred coin for payment.
- Complete the Transaction: Once you have selected FLOKI, follow the prompts to complete the transaction on Shopping.io. This may involve confirming the transaction details and providing any necessary payment information.
- Receive Confirmation: After completing the transaction, you will receive a confirmation of your payment. This confirms that your order on AliExpress has been successfully placed using FLOKI as the payment method.
By following these simple steps, you can conveniently pay for your ordered goods on AliExpress using FLOKI through the Shopping.io platform.
At present, the value of Floki, despite the expectations surrounding AliExpress’s support, has experienced a minimal market impact, with its trading price standing at $0.000032 as of the time of writing. This indicates a slight decrease within the past 24 hours.
In April, renowned crypto analytics platform IntoTheBlock conducted data analysis, revealing a concerning fact about FLOKI investors. The analysis highlighted that a significant majority of FLOKI traders were facing losses. During that period, only 19% of FLOKI investors were in a profitable position, while 12% were breaking even. Astonishingly, a staggering 70% of investors were grappling with unrealized losses.
Recently, IntoTheBlock revisited its findings and discovered an even higher percentage of FLOKI holders facing financial difficulties. The latest data illustrates a disheartening reality, with an astonishing 78% of FLOKI owners likely to incur setbacks if they were to sell their assets. However, it is important to note that 14% of investors have managed to secure profits, while an additional 9% are currently breaking even.
Final Thoughts
In conclusion, AliExpress’s integration of the meme-inspired digital asset Floki (FLOKI) marks a significant milestone, positioning it as a direct competitor to established cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB). With the support of Shopping.io, a specialized e-commerce protocol, users can seamlessly utilize FLOKI and other meme coins to purchase a wide range of products from leading online retailers.