The Rise of Blockchain in E-Commerce
The e-commerce sector is booming, projected to hit >$4 trillion by 2020. As more consumers shift to online shopping—growing from 1.46 billion to over 2 billion—it’s clear that innovation is essential and Blockchain is leading the charge.
Breaking Down Corporate Monopolies
Top corporations dominate online spaces, but decentralized technologies can disrupt these monopolies. This opens the door for smaller players to thrive without heavy advertising budgets. Blockchain acts like a digital referee, keeping transactions transparent and secure.
Payment Processing: A Shift to Decentralization
Even giants like PayPal have struggled in certain regions, leaving users wishing for more flexibility. The standoff in Nigeria and the recent shutdown in Turkey highlighted the pitfalls of centralized systems. Blockchain offers a way to bypass these bureaucratic hurdles, allowing fluid transactions across borders.
Reducing Transaction Costs
Payment processing, as it stands, can feel like navigating a maze with 16 steps and an array of fees. Monetha’s co-founder argues that Blockchain eliminates these barriers, slashing costs and waiting times. Imagine a world where payments are instantaneous and fees are a fraction of what they are now!
The Untapped Potential of Ethereum
Despite being a titan in the world of cryptocurrency, Ethereum’s currency, Ether, still lags in merchant adoption. As Blockchain paves new avenues for e-commerce, it’s crucial for businesses to explore not only the technology but also the potential of assets like Ether.
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