Details

OmniBazaar is an OPERATING decentralized e-commerce (“de-commerce”) marketplace and associated cryptocurrency. We remove the middlemen and bankers from e-commerce. OmniBazaar brings e-commerce and digital money to two billion people who CANNOT use eBay, Amazon or other e-commerce platforms. We provide a simple "on-ramp" to both e-commerce and cryptocurrency for "un-banked" people worldwide, by allowing users to "barter for bitcoin". People without a bank account or credit card can now barter a product or service to immediately receive OmniCoins, Bitcoins or Ether. We have a working MVP, two patents, have scaled to 10,000 registered users, and are now seeking our first outside funding. 

We believe OmniBazaar can play an important role in the massive, on-going, global shift toward decentralization. The Internet has already decentralized information services, cryptocurrencies are decentralizing money and value, decentralized cryptocurrency exchanges are starting to overtake centralized exchanges, and "de-fi" is making fast inroads into banking services. We believe that decentralized commerce ("de-commerce") will follow this trend, as soon as we make it more accessible, understandable and widely known. Our vision is that OmniBazaar will bring decentralization, financial inclusion and free enterprise to billions of people who are currently under-served by modern financial systems. 

OmniBazaar, Inc. has developed a software program that performs the following functions:

  • Create a peer-to-peer data sharing network (similar in concept to BitTorrent) and connect the user’s computer or mobile device to that network.
  • Allow individuals and businesses to buy and sell goods and services from other individuals and businesses (in a manner similar to eBay or Amazon) via the peer-to-peer network.
  • Facilitate automatic payment for purchases (in a manner similar to PayPal) using multiple cryptocurrencies, including our own "OmniCoin".
  • Employ technical safeguards to avoid illegal listings, and provide a way for community members to remove criminal content.
  • Enable private transactions, transactions mediated by an escrow service, and trading of cryptocurrencies in a distributed exchange.
  • Provide financial rewards to network peers who provide four different necessary services in the distributed marketplace.

Components

  • Cryptocurrency Exchange +

    Targeted for release in 2021, the CryptoBazaar module will provide a secure, private, peer-to-peer marketplace for buying and selling cryptocurrencies. Buyers and sellers will exchange cryptocurrencies among themselves, with the

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  • Peer-to-Peer +

    OmniBazaar is a private, cooperative, internet marketplace composed only of its users. Users deal directly with other users through a revolutionary peer-to-peer marketplace network, with no central site . There is

    …     Read More

  • Escrow +

    If a user does business with someone who is located in another state or country, the included OmniBazaar Escrow Module provides access to escrow agents — other OmniBazaar users — who can

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  • Privacy +

    Today, every online shopping site is run by a “middleman” — a big internet e-commerce company or retailer. When you buy or sell at one of these sites, they keep track

    …     Read More

  • Cryptocurrency +

    OmniBazaar users buy and sell directly among themselves without using credit cards, or even having a bank account. Payments in OmniBazaar are made using a new type of money called

    …     Read More
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Latest News

  • OmniBazaar Marketplace has Launched +

    The official "production" version of OmniBazaar and OmniCoin launched at 0:00 (UTC/GMT) on 31 October 2018. SOFTWARE INSTALLERS FOR WINDOWS,… Read More

  • Andreas Antonopoulos Educates Canadian Senate about Bitcoin +

    Two hours long, but worth every minute. Read More

  • Why Bitcoin Matters for Bankers +

    "American Banker" magazine's feature story for March 2014 discusses in detail what Bitcoin is, how it works, and why it… Read More

  • OmniBazaar White Paper Released +

    The OmniBazaar/OmniCoin White Paper is now available in 13 languages in PDF format via this link. Read More

  • Could Bitcoin Be as Transformational as the World Wide Web? +

    In this video, Richard Brown, IBM Executive Architect for Banking and Financial Markets Industry Innovation, argues that Bitcoin's true significance… Read More
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