Edison Nation Partners with Buyaladdin to Extend Its Direct-to-Consumer Reach into Asia
October 24 2019 - 8:00AM
Business Wire
Products from Edison
Nation’s Innovators Now Available to Buyaladdin Customers Who Pay
with Crypto-currency
Edison Nation, Inc. (NASDAQ:EDNT), a multifaceted
ecosystem which fosters innovation and drives IP, media and
consumer products, announced today that it is partnering with
Buyaladdin to make its products available direct-to-consumers (DTC)
in Asia. Buyaladdin is the first multi-payment shopping platform
that provides a convenient, secure and efficient online marketplace
for those who want to transact using cryptocurrency assets along
with fiat currency or credit cards.
Buyaladdin joins an already expansive list of partnerships that
Edison Nation has with many of the world’s top brands, companies,
and manufacturers, further enhancing the reach and sales channels
for its innovators’ products across 20 global markets. Buyaladdin
serves upwards of 100 million shoppers who make purchases using a
variety of cryptocurrencies such as Bitcoin, Ethereum, and ABBC
Coin.
“Buyaladdin opens the doors on our DTC efforts in Asia by
providing us the reach and flexibility for consumers to purchase
our inventors’ products in multiple ways and with a variety of
currencies,” said Chris Ferguson, CEO of Edison Nation. “We’re
charging into the DTC market in Asia, on the heels of similar
efforts in Europe and North America, because turning great ideas
into successful products requires not only focus, dedication and
money, but most of all reach and exposure to consumers who want to
purchase goods in the currency of their choosing.”
Buyaladdin is an emerging e-commerce player that has integrated
with more than 100 major retailers worldwide—including Amazon,
eBay, Coupang, Rakuten, Allegro and Lazada—to offer a wide variety
of high-quality products. By partnering with Edison Nation,
Buyaladdin brings its first community of innovators and their
exciting products into its marketplace.
“Buyaladdin is an ideal partner to support Edison Nation’s DTC
foray into Asia, because we’re the first and only online shopping
platform to accept crypto as a payment method,” said Geun-Woo Lee,
CSO of Buyaladdin.com, Inc. “We’re excited to add Edison Nation’s
products to our growing global marketplace. Not only are our
shoppers going to love Edison Nation’s clever, fun and sometimes
quirky products, they’re going to be ecstatic that for the first
time they can purchase them using crypto.”
The Edison Nation platform has a community of more than 200,000
innovators that confidentially submit ideas via the company’s
online platform. From this community, Edison Nation reviews,
selects and applies proprietary algorithms to discern which are the
most suitable projects for development. Those innovative products
that are selected and brought to market globally with the
Buyaladdin platform will also be available in Asia.
To learn more about Edison Nation and Buyaladdin, please visit
www.edisonnation.com and www.buyaladdin.com.
About Edison Nation, Inc.
Edison Nation, Inc. (EDNT), is an inventor ecosystem driving IP,
media and innovative consumer products. Edison Nation offers
innovation sourcing, design, sales, fulfillment and shipping
services. Edison Nation's model is to source innovative ideas for
internal launch or license to brand partners. Throughout 2019 and
beyond, Edison Nation looks to establish prominence in the media
space through its television show “Everyday Edisons” and additional
properties. For more information, please visit
www.edisonnation.com.
Buyaladdin
Buyaladdin.com, Inc., headquartered in Delaware, USA, with
R&D and Service Centers located in Dubai, UAE, is the first
ever multi-payment shopping service system in the world. The
payment system allows global buyers absolute freedom in choosing
their method of payment among fiat currency, credit cards and
crypto-currency.
Forward-Looking Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. All statements, other
than statements of historical facts, included in this press release
regarding strategy, future operations and plans, including
assumptions underlying such statements, are forward-looking
statements, and should not be relied upon as representing the
Company's views as of any subsequent date. Such forward-looking
statements are based on information available to the Company as of
the date of this release and involve a number of risks and
uncertainties, some beyond the Company's control, that could cause
actual results to differ materially from those anticipated by these
forward-looking statements, including consumer, regulatory and
other factors affecting demand for the Company's products, any
difficulty in marketing the Company's products in global markets,
competition in the market for consumer products, any inability to
raise capital to fund operations and service the Company's debt.
Additional information that could lead to material changes in the
Company's performance is contained in its filings with the SEC. The
Company is under no obligation to, and expressly disclaims any
responsibility to, update or alter forward-looking statements
contained in this release, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20191024005215/en/
Investor Relations: Aimee Carroll Phone: 215-543-3973
Email: Investors@edisonnation.com
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