How The E-commerce World will embrace the BlockchainsteemCreated with Sketch.

in e-commerce •  7 years ago 


In the last 15 years The internet became a big part of our shopping life,  
every category that invovlve the need to make an order became available at the click of a button, from groceries to clothes to electric devices and cars, even flights and hotels that 10 years ago you needed to go to a travel agency and sit down with an agent, are now available and you can book a flight in less then a minute.

As the E-commerce world evolved so does the payment options, now we can find many payment options like regular credit card\ paypal \alipay \google wallet and much more.
the need for actual money like cash or check is gone and we use our real money just like a digital money, we do not see or feel it, but we sure do spend it. 

Just like any other business the e-commerce market have leaders like Amazon, e-Bay, Alibaba etc..
each one of those is a global giant that leads the E-commerce agenda All around the world.
in the US for example in 2016 alone amazon sales of physical goods was around 46.66 Billion USD,
all other US E-commerce sites together sales was around 275 Billion USD, including e-Bay.
physical Stores and Malls all around the world are closing down and narrowing the amount of branches that they hold in favor of the internet.

At this time of our life we can see another online field that is growing really fast and this is the crypto currency world that is making online payment easier, faster and much more secure.
some coins are leading the crypto market to a good combination with the E-commerce world by developing great payment apps and systems that can easily integrate with the already existing websites.

Once the big websites will adopt the Blockchain technology as a real payment option we will see a big turn in the crypto market and some coins will sky rock to new heights,
those coins will need to be secured on the Blockchain with a low transaction fee and a fast transaction technology that would be much better then any bank or credit card.

As i see it, the Big Brands like Amazon will have a Coin/token of their own and i find it hard to believe that they will let it be decentralized, it will be a centralized currency like XRP (Ripple)  and they will control the amount and price of it, and maybe even somthing like USDT (Tether) that is always equal to the Dollar rate  

From the other side i believe that we will have the new E-commerce website that would be build specially by Blockchain developers and will accept only Crypto currencies, both of their own and also high volume cryptos like Bitcoin and Ether, i call those websites Crypto-Commerce.  
the cryptho-commerce websites will have hard time at first and their coins will have to be stable in order for users to buy them safely and use them without the option of losing money.

I will keep updates here about the Crypto-Commerce world, if you have any ideas or innovation feel free to share it here. 


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