Case Studies > Twig’s Asset Management (Twig Pay)
Scalapay has partnered with Web3 payments provider Twig to allow customers to resell products purchased via Scalapay and receive immediate payment. This initiative enables consumers to build a sustainable lifestyle. They can avoid throwing away items and instead spend money on new purchases with an e-money account that allows them to instantly cash out on fashion and electronics they wish to sell.
Twig Pay is an innovative online payment system that enables consumers to pay with pre-owned physical items, providing a sustainable and circular economy solution. It utilizes blockchain technology via Hyperledger Sawtooth to provide users with the resale value of unwanted items securely and reliably. Twig Pay offers a revolutionary approach to making payments, appealing especially to younger generations who prefer thriftiness and sustainability associated with second-hand marketplaces.
This resulted in an 85% increase in Average Order Value (AOV), 44% of people are taking advantage of this by reselling more expensive items, and 32% of Gen Z shoppers use the same method to purchase new items. Twig Pay offers a sustainable payment option at the checkout that encourages zero waste and supports the circular economy, allowing consumers to use pre-owned goods as payment.
Hyperledger Private Blockchain is an innovative technology that provides businesses with a secure, distributed ledger system. With Hyperledger Private Blockchain, businesses can create their private blockchain networks and securely store their data in the distributed ledger. This technology eliminates the need for centralized servers and makes it possible to maintain secure, private data on the network.
Each of these industries has its unique requirements and challenges. Our solutions are designed to meet those individual needs while providing cost savings through increased efficiency and reliability. Look at how our solutions are applied across industries and will continue to transform how we work daily.
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