Ecommerce at Large Coming Around to the Idea of Bitcoin
Although Bitcoin has been operating and expanding its clout since 2009, it is only the leaps and bounds taken in the last two years that confirm the belief (additionally, for some, the fear) that the cryptocurrency will indeed become a mammoth force to be reckoned with in the ecommerce industry. And not in a matter of decades, but years. Over the last 24 months we have seen Bitcoin emerge from what was regarded as a shadowy subculture into the mainstream. This transition is largely due to the acceptance of the currency by influential ecommerce sites. The summer of 2014 saw heavyweights....
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New data coming from eMarketer’s latest worldwide retail forecast shows that this year, China will manage to surpass the US and become the world’s largest retail market, with sales of over $4.886 trillion, compared to the average sum of $4.823 trillion in the US. Due to Asia’s growing number of online shoppers, reports indicate that this year alone, the entire continent will spend a record $1 trillion, most of the sum coming from China. While the increasing popularity of ecommerce in other regions such as Southeast Asia and India have helped pushed the number upwards, China owns the....
There are dedicated plans on the table to boost cross-border ecommerce in the European region over the next few years. The European Commission has drafted some new rules which address some of the most common hurdles when dealing with online commerce in Europe. This news can also be beneficial for Bitcoin adoption in the long run. When dealing with ecommerce in the European region, there are still some significant hurdles that need be tackled. Geoblocking remains a critical issue, as well as parcel delivery in other countries being too expensive. Additionally, consumer trust can always be....
Online retail is a global phenomenon. Leading ecommerce platforms like Amazon, eBay, Rakuten etc. have a strong global presence. Apart from these global ecommerce companies there are thousands of ecommerce platforms catering to different geographies, not to mention small online businesses including individual owned online shop fronts that augment brick and mortar businesses. No matter how big or small they are as long as they are online they can cater to the whole world irrespective of any geographical boundaries. While reaching out to global audience is easy for online retailers,....
Japanese startup Orb has launched a digital currency named 'Smartcoin' and is touting it as the 'own private currency for Ecommerce.'. Quiet similar to Bitcoin, the currency is specifically aiming at ecommerce and to help these companies Orby has also announced several features that promise to win loyal base in a few days. Some of the salient features of this currency are: The digital currency comes with flexible reward option that allows a firm to increase customer loyalty with bonus coins. The coins are given to the users to welcome them to a particular program of the company and engage....
BitHappy, a new bitcoin browser brings both digital currency and ecommerce together on the same page. The platform calls itself the first bitcoin browser in the world which enables people and businesses to sell things online for bitcoin. Unlike other ecommerce platforms, BitHappy allows anyone to list the things that they want to sell online and accept money in the form of bitcoin from their customers. The simple, easy to use BitHappy allows individuals and retailers to sell their goods and services online to anyone across anywhere in the world. Selling on BitHappy is no rocket science.....