Cryptocurrency | Adoption of Cryptocurrency in E-commerce

Cryptocurrency was initially underestimated by many people, including businesspeople because of the risk and unclear legality. However, with the popularity of cryptocurrency as well as many people who adopted and the regulator began to open and make regulations about the use of crypto. The most popular example is Japan, the Japanese government legalized digital currency as a legal payment tool. Entrepreneurs are starting to integrate cryptocurrency as a selling item or payment instrument.

Cryptocurrency as a payment option in digital stores
Nowadays, many E-commerce companies are starting to offer payment options with crypto to their users. Of course, this is not without reason, at least there are two reasons underlying this adoption. The first is for marketing strategies and for capturing new users, the second is for research and absorption of new technologies that are expected to become the main technology.

Some online stores that accept cryptocurrency as a means of payment include Newegg, Microsoft, Overstock, and others. In addition to online stores, other goods and service companies also offer this payment option.

Cryptocurrency used
For now, the company only supports popular cryptocurrency and stability including Bitcoin (BTC), Ethereum (ETH), BitcoinCash (BCH), Litecoin (LTC), Dash (DASH), Tether (USDT), Dai (DAI), and USD Coin (DCH) USDC). do not rule out the possibility of supporting other crypto or the company will open their own coins.

Cryptocurrency LIBRA
Beginning in 2019 Facebook introduced the libra project to the public and will officially launch in early 2020. Later Libra coin will be integrated into Facebook's applications such as Facebook, Instagram, WhatsApp, and Messenger and does not rule out the possibility of other applications joining the Libra project. Behind the pros and cons that go with it, Libra coin can facilitate users of applications made by Facebook to send and receive money and buy goods and services from around the world without bank intermediaries. To realize this, Libra will work with retailers and distributors.

Cryptocurrency is indeed a technology currently the most widely discussed, behind the pros and cons of cryptocurrency has great benefits. However, like other human creations, cryptocurrency also has shortcomings and negative impacts. Then various studies must be done to maximize the potential and minimize existing losses.

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Cryptocurrency | Adoption of Cryptocurrency in E-commerce Cryptocurrency | Adoption of Cryptocurrency in E-commerce Reviewed by sheffter on September 25, 2019 Rating: 5

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