The ELONGATE team reported that they are almost finished with the development of this new product, and are excited to bring crypto to the Salesforce platform.
WHAT IS SALESFORCE
Salesforce is software used by over 150,000 enterprise clients, including 83% of Fortune 500s. Salesforce itself clocked $25 Billion in revenue last year, and the top 8 Salesforce clients alone bring in $250 Billion in revenue every year through Salesforce, including Spotify, Amazon Web Services, U.S. Bank, Macy’s, American Express, and NBCUniversal. Many companies conduct their entire business via Salesforce. It manages funds, automates sales, tracks inventory, and records customers.
NO CRYPTO IN SALESFORCE, YET
Right now, if a client wants to integrate crypto funds in their business, they have to use a manual third party service. This could be for accepting crypto as payment, investing funds in crypto, paying salary in crypto, etc.
ELONGATE IS FIXING THAT
Salesforce is pushing a campaign called #SalesforceAccelerate, hoping more developers will create and add apps and services to the Salesforce platform on top of their Lightning API.
As part of this, Elongate is launching the first crypto exchange native to Salesforce. This will enable several transformative processes, including:
- Enabling Salesforce customers to embed Crypto wallet management within salesforce while leveraging Salesforce top notch permission management and audit trails
- Allowing crypto to be embedded into Salesforce Apex classes, triggers, and flows or simple point-and-click approval process functionality
- Embedding cryptocurrency swap and transfer into the sales process in a simple and seamless way
- Allowing tracking visibility of any actions taken on the wallet by any approved and authorized user and allowing the transactions to get recorded within the customer salesforce instance
It conveniently ties in to existing Salesforce tools, KPIs, dashboards, etc.
HOW IT HELPS HOLDERS
The exchange will have a 1% fee on swaps and sends. Half goes to charity, and the client can decide what fund to support. Half goes to a buyback and burn of EG Token. This is huge upward pressure on the chart while reducing supply.
On top of that direct monetary value, it also loops the businesses into our ecosystem, and will allow them to interact with, sponsor, and support charities and influencer campaigns for social impact.
In sum, we are giving value to businesses by letting them adopt crypto with ease, and in exchange we support charity and boost the token price, all while putting us on a stage in front of massive institutions.
Read more about the recently revealed tech roadmap and social impact ecosystem here.
