LOS ANGELES, CA – Social Life Network, Inc. (OTC: WDLF) and Decentral Life, a division of the company, announced today that it has launched a new QR Code add-on application for its Digital Wallet and Payment Platform, allowing mobile retailers to easily receive cryptocurrency payments that can be instantly tracked in their favorite accounting software, like QuickBooks or NetSuite.
“As an add-on to our Digital Wallet and Payment Platform, which already works seamlessly with software like QuickBooks, NetSuite and many other popular accounting applications, the QR Code system add-on allows for easier accounting of purchases with cryptocurrency,” said CEO, Ken Tapp. “I believe the QR Code add-on to be a critical feature for mobile customers paying retailers face-to-face, at trade shows, expos, and conferences. Retail mcommerce sales hit $359 billion in 2021, an increase of 15.2% over 2020, and it is on track to more than double by 2025. We needed to launch this feature as soon as possible to meet the changing trends in mcommerce transaction head on”, added Tapp.
According to an April 15th, 2022 article on Insider Intelligence (https://www.insiderintelligence.com/insights/mobile-commerce-shopping-trends-stats/), retail mcommerce sales hit $359.32 billion in 2021, an increase of 15.2% over 2020. By 2025, retail mcommerce sales should more than double to reach $728.28 billion, accounting for 44.2% of all retail ecommerce sales in the US.
In a News Release on May 13th by HuntPost, one of Social Life Network’s TBI Companies, the New QR Code add-on has officially launched to support retail mcommerce in the outdoor industry, through the HuntPost.com Digital Wallet and Payment Platform. According to the Outdoor Industry Association 2020 Industry Report, the U.S. outdoor recreation economy generated $689 billion in consumer spending and 4.3 million jobs.
Source: Social Life Network, Inc.
