Romarket, a platform that shook up the quick commerce market
In order to solve the problem of excessive investment costs in the early stages of quick commerce business, platforms such as Korea’s ‘Romarket’, which actively utilizes existing infrastructure, have recently been on the rise. Romarket has grown into a delivery platform representing local commercial districts in Korea, recording 300,000 downloads and 100,000 users over the past six years. Just as ‘Uber’ and ‘Airbnb’ have grown by actively utilizing existing vehicle and housing infrastructure, ‘Romarket’ is actively utilizing the infrastructure of existing local marts to minimize initial investment costs and provide efficient quick commerce services. In addition, ‘Romarket’s platform and business model are in a form that can be easily globalized. It also has the potential to expand rapidly by combining with overseas local markets.
Romarket’s global market penetration and the value of ROMCOIN
As Romarket spreads globally, the value of the virtual currency ‘ROMCOIN’ used within the Romarket platform is expected to rise rapidly. ROMCOIN is a blockchain-based digital currency that can be used like cash at Romarket. It can also be used at global affiliate stores. It provides users with simpler and safer transactions, and Romarket is expected to be able to secure competitiveness in the global market by strengthening the transparency and reliability of transactions through blockchain technology. The interest of the virtual currency market and investors in RoMarket, which is riding the global quick commerce craze, and ROMCOIN, which is imminent to be accepted on RoMarket, is predicting another investment myth. Currently, ROMCOIN is listed on LBANK, an international exchange, and active trading is taking place.
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Company : Pandotree limited
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Country : South Korea