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Topic: Is E-Commerce platforms will do a positive Impact on Cryptocurrencies ? (Read 623 times)

sr. member
Activity: 2422
Merit: 357
Bitcoin is the star we all waiting for to appear in an e-commerce platform and im sure it will bring us a positive impact. There are existing BTC payment on other countries and i am just waiting on my country's turn. The only problem is the market value and it being a super volatile investment.
hero member
Activity: 1022
Merit: 538
I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform. I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.

Hmph… there are lots of e-commerce platforms already but the big names are not looking into cryptocurrency because they believe it will be a spoilerfor their business. So e-commerce platforms are not helping at all. Don’t expect that a new platform accepting cryptocurrency will come out and get the interest of people.

Overstock is already there but there hasn’t seen any changes, what else do you expect before change can take place? I believe when there will be such more number of marketplace then people will be easily coming to know about the existence of cryptocurrency so that they will start adopting it one day or another. I do see these platforms are more effective promotional way for cryptocurrencies.
legendary
Activity: 1932
Merit: 1273
I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform. I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.
The hardest part will be actually finding the things that crypto will be really loved for.

~snip

When given the chance I will spend bitcoin on stuff that I normally wouldn't with normal fiat, if I had to spend fiat I neither would have bought those games nor took that vacation. Hence, instead of focusing on how to make crypto more ecommerce friendly, we should think what could be a great product that people would spend bitcoins instead of fiat.
cryptocurrencies are loved by the deep web user eh?

In short mass adoption plays a big part in the cryptocurrencies spaces. If the cryptocurrencies demand get high I'm sure normal person will consider to use it and business owner will integrate Bitcoin into their business. Right now, The scalability problem needed to fixed first before we can achieve toward the mass adoption process.
copper member
Activity: 141
Merit: 1
API-Based Smart Contract Solution For Exch Hacking
a better idea will be cryptocurrency projects having their own e-commerce platform. With more partnerships with producers putting their goods up for exchange with the crypto, it'll eliminate loss in terms of exchanges and transaction costs.
full member
Activity: 644
Merit: 100
 Is not the purpose of the creation of crypto currencies is to facilitate transactions so that foam is done anywhere and anytime, e-commerce will certainly make crypto currency very useful because it can make transactions more practical and efficient. The existence of e-commerce certainly has a positive impact on the development of crypto currencies, because there will be many people using crypto currency to shop in e-commerce applications.
legendary
Activity: 1652
Merit: 1057
I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform. I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.
The hardest part will be actually finding the things that crypto will be really loved for.

For example, steam could be considered ecommerce, after all they are selling something online like a shop even tough it is its own software as well and they had bitcoin in there and I loved buying games with bitcoin, normally I do not have too many games on my steam and many games on my wishlist only to be bought when I feel like I am really bored and can't find anything else, during the time bitcoin was accepted on steam I literally bought ALL of my wishlist games, I also spent bitcoins to book flight and hotels from expedia.

When given the chance I will spend bitcoin on stuff that I normally wouldn't with normal fiat, if I had to spend fiat I neither would have bought those games nor took that vacation. Hence, instead of focusing on how to make crypto more ecommerce friendly, we should think what could be a great product that people would spend bitcoins instead of fiat.
full member
Activity: 560
Merit: 145
~snip~
One way to mitigate that risk is to quickly exchange crypto to fiat via an exchange API. You need to have an access to exchange with high liquidity though. I do think this solution is easy enough to apply, no need any insurance or something like that. Just simple and effective payment and exchange.

Instead of thinking crypto as a medium of payment only, we can use crypto and their blockchain as some kind of notes on payment transactions. This way, we need crypto to write transaction details between two parties into the blockchain but payment can be made via fiat, etc.
In my opinion, it will cause a double loss if it has to be exchanged with fiat directly. Losses due to fees or withdrawals, then losses due to lower prices except using stable coins.
full member
Activity: 1526
Merit: 111
Pepemo.vip
I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform. I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.


The idea is quite old, many people want this idea to be materialized though the e-commerce platform want to use this to boost their businesses but there are factors to be considered like does the government will allow it and the volatility that the crypto holds. These problems became the major factors as of now but as time goes on, more countries try to solve these problems and adapting cryptocurrencies.
of course with e-commerce it will have a positive impact on cryptocurrency, because many people are more familiar with e-commerce nowadays, so that it can be used as a springboard for crypto to develop later. on the one hand the government is the main determinant of crypto use as a means of payment
full member
Activity: 588
Merit: 100
I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform. I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.


The idea is quite old, many people want this idea to be materialized though the e-commerce platform want to use this to boost their businesses but there are factors to be considered like does the government will allow it and the volatility that the crypto holds. These problems became the major factors as of now but as time goes on, more countries try to solve these problems and adapting cryptocurrencies.
full member
Activity: 504
Merit: 105
That's a good news E-Commerce industry has a great part in crypto especially when you order online buy in online you choose the payment method of bitcoin or other alts in will give a boost to our crypto economy that's why in will give a positive impact on cryptocurrency.
jr. member
Activity: 1050
Merit: 1
Combination of blockchain and e-commerce will certainly have a positive impact on cryptocurrency adoption and usage. The idea is not new as some ecommerce platforms are already integrating cryptocurrencies on their platforms. However, this combination still needs more time to develop and fully evolve for great impact to be felt on both industries.
full member
Activity: 728
Merit: 101
Bitcoin is the currency of this age
An increase in the number of  e-commerce sector accepting to use cryptocurrency platform will have a positive impact on  the CRYPTO industry, The revolution is sure Crypto will have a higher share in global economy, but this is determine by several factor in which the e-commerce platform has a significant share.
hero member
Activity: 1134
Merit: 500
I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform. I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.

Well i had some unwise experience with the online shops, meaning that after a made the transfer without any issue, i feel bad because i knew that somehow i didn't made my best choice, and since then i have decided to hold crypto coins as a long term investment. Regarding the topic, yes, it will change the perception in the crypto market, that is for sure.
sr. member
Activity: 840
Merit: 266
By platforms, you mean something like Shopify and Magento right? Shopify already had a big list of stores that accept Bitcoin payment but what is surprising is most of these stores when you check now removed Bitcoin as payment, so what that tells us? It is easy to get someone to use Bitcoin because Bitcoin has a lot of advantage over fiat money but when normal people use Bitcoin they need to not worry about Bitcoin price variance, so until there is a true solution to that problem asking normal stores to integrate Bitcoin will fail because these people need to focus on their business and not worry about what will be Bitcoin price the next day.
legendary
Activity: 3052
Merit: 1188
I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform. I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.
The difference with breaking into e-commerce instead of sending money to each other which crypto is known for is that you can simply use your debit card to purchase stuff online. It means you can use your debit card globally anywhere you want online and buy stuff and get it shipped to you.

Without crypto you can still manage to get this done and its quite easy without any work, unlike sending money to someone which is hard unless they have some POS system where they can charge you money, sending money from one person to another is easier in crypto. That's why ecommerce will have trouble getting into crypto easily, some people who are fan of crypto will put up coinpayments addon on their wordpress and make it available but it is not an advantage, it is just an additional option, it won't create a new profit line for you at all. That is the reason it will take some time.
full member
Activity: 1442
Merit: 106
the e-commerce industries will add greatly to the cryptocurrency platform as it will give great influence over other forms of payments in the industry as thereby making the bitcoin and cryptocurrency in general valuable in e-commerce transactions. i will encourage the general online and e-commerce traders to take advantage of the business.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform. I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.

don't think that will quite effect, because e commerce platform project not really can be realize too and even bank project with supported visa can't help cryptocurrency much and make it good
full member
Activity: 810
Merit: 101
Any such news can have a positive impact on the cryptocurrency. So I think it will have a good impact on the market. I think that this could attract a lot of new investors and thus contribute to the growth of the market.
full member
Activity: 812
Merit: 101
when we see e-commerce combining an application with the concept of blockchain, it will affect crypto currencies. there are many blockchain functions for each platform. simple. and safe. Our problem today is that crypto spread is still very low.
newbie
Activity: 34
Merit: 0
I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform. I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.


Shopify: Shopify is a leading and renowned e-commerce company which lets its customers sell products via online shops. Three years back, Shopify enabled payment in Bitcoins through the popular BitPay. This is one of the best online stores that accept bitcoins.
Amazon: When it comes to online shopping or e-commerce business Amazon reigns. The question is does Amazon accept Bitcoins? Well, not yet but in order to transform as per the consumer need, Amazon is planning somewhere in 2019 to start accepting Bitcoin as their mode of payment.

Read more:
https://coinswitch.co/news/top-25-websites-and-businesses-that-accept-bitcoins-in-2019
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