Articles

Benefits of Cryptocurrency in an Ever-Growing eCommerce Market

by Adrian Johnson Connect Coin Cryptocurrency
The buzz around cryptocurrency has been in the air ever since its large-scale incorporation global business, in 2013. The digitized business mechanism, especially with a booming eCommerce ecosystem has tons of expectations from the virtual currency, the reason? Crypto currency is protected against hacks, cyber threats and can serve as a universal currency for business.

Early in 2014, cryptocurrency valued over $1100, after which eCommerce platforms started embracing it as a valid currency to enable transactions. Decentralized control and cryptography are the two key technologies securing the digital asset.

Well, here we put forward four reasons, justifying the benefits of cryptocurrency for the ever-growing eCommerce market.

Slashing off payment hassles

Traditionally, eCommerce companies have encountered barriers in payment processing. Foreign exchange rates are subjected to variations, and you may end up paying substantial charges to convert your local currency. This can cast a negative effect on your business, with customers unwilling to undergo complicated proceedings. Again, you have intermediaries who claim a certain share of the amount being transferred. Cryptocurrencies like Connect Coin eliminates these third parties and established direct business between eCommerce firms and their clients.

Unlock global markets and trade routes

Connect coin being a universal currency; you can use it to establish trade routes between every country of the globe. You can expand your business to countries wherever you locate potential customer resources. When you remove obstacles like foreign exchange, the value of your money remains intact. In a nutshell, you can transfer funds at any corner of a world instantly, that too, without paying any transaction charges.

Pay currency to customer’s privacy

Well, coming to your customer’s privacy, most of the online shoppers are concerned about cyber data theft. They like to make direct payments to eCommerce companies, without banking on a third party. As an eCommerce merchant, you can establish your control over these privacy-minded shoppers when you opt for a Crypto currency. The transaction takes between the two parties, without the interference of an intermediary.

Eliminate payment downtime

You may have run into payment obstacles in the past, with servers of your bank down at the right moment. Payments through credit cards can be delayed due to maintenance in the system and a list of other reasons. This is a key concern for your customers. They expect a payment mechanism where their funds reach the eCommerce firms immediately. When you integrate a cryptocurrency, such as Connect Coin into your system, the fund will be transferred immediately. The customers will enjoy private access to their wallets. They can check out the balance, whether it has been transferred or not. There is no third option on these platforms.

Apart from these benefits, eCommerce companies can allow anonymous transactions with increased security, as the system is secured with blockchains. Integrating Crypto currency on your eCommerce platform can appeal to customers who prefer privacy in transactions. Besides, the brand image will get a lift, as the company can establish its dynamic character, embracing the changes. A sizable section of eCommerce portals has already incorporated cryptocurrency as a payment option, with more to follow in the next five years. You can think of a better business infrastructure, with cryptocurrency empowering your platform.

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About Adrian Johnson Junior   Connect Coin Cryptocurrency

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Joined APSense since, October 26th, 2017, From Singapore, Singapore.

Created on Nov 4th 2017 07:01. Viewed 264 times.

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