Is E-Commerce platforms will do a positive Impact on Cryptocurrencies ?

[sikandar1@3]

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.

[eminemcookie]

E-commerce is an ever growing industry but increasingly these days people are wanting control of their own finances so they can protect against differing interests with financial institutions and inflationary pressure on fiat currencies. Those two things combined mean the presence of crypto in e-commerce is likely to increase over time.

[mk4]

E-commerce websites can have a positive impact to cryptocurrencies by receiving them as payments. The "accepting bitcoin" tag beside the PayPal and Visa/Mastercard tag is already good publicity in itself.

A screenshot I grabbed from Gyft.com:



About a cryptocurrency partnering with an e-commerce platform though? It depends. We're going to need more information about it.

[avikz]

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 option for using cryptocurrency in an e-commerce platform like Amazon is still available through a service called purse. What other e-commerce platform you are referring to? Crypto coupled with e-commerce platform is not anymore an idea. However, we are unable to see any impact on the crypto market. That is probably due to a third party integration layer but if a giant like Amazon decides to accept cryptocurrencies directly in their platform, I think we can see a good impact on the market because of the brand value associated with cryptos. But that is not going to become a reality very soon due to ambiguous legal structure for cryptos worldwide and famous companies like Amazon will never jump into such kind of ambiguous business models.  

[Potato Chips]

Every merchants assuming that its legitimate contributes positively as a whole, the difference is how much impact do each of them has. A low traffic platform probably wouldn't have much, but the big names like amazon, ebay or sth that generates lots of traffic.. will surely have a huge impact.

Anyhow, which coin and platform are you talking about? If you have the link of the news, post it here!

[kelz1]

There are some altcoins that have made their own shopify plugins so website owners can accept their coin payments. This means cheaper transactions than those multi coin payment gateways

[dothebeats]

It would be a great medium in which bitcoin and cryptocurrencies can excel at, considering how cheap and easy payments can be when done with crypto. Currently only a few e-commerce websites are really open about accepting payments done with cryptocurrencies, and once this goes mainstream, the avenues to which cryptocurrencies could flow wil widen, thus fully enabling cryptocurrencies to be used as payments rather than confine itself as an investment vehicle. The future is bright for cryptocyrrencies and ecommerce IMO, we just lack the ones who would spearhead the movement.

[TusharMali99]

If global e-commerce giants like Amazon, alibaba, ebay start accepting payments with Cryptocurrency, we can hope good conditions for the Cryptocurrency market as mass adoption would increase.

https://www.egifter.com accepts payment using BTC, ETH, LTC to buy giftcards for amazon, wallmart, uber, dominos etc.

[Salmen]

Indeed, that is one of the reasons why Bitcoin got interesting to me. A lot of people are still unbanked, means they have no bank account, and earlier when I was young and had no access to a bank account, I looked for an alternative to the traditional payment methods and discovered someday Bitcoin. If E-Commerce platforms would start accepting cryptocurrencies as a payment method, this would see certainly a positive impact.

[bitbunnny]

To my opinion it's kind of natural to accept Bitcoin. They are digital stores that need digital currency. Today we don't have enough online stores that accept Bitcoin and we still can't buy all sorts of goods with Bitcoin unless we have Bitcoin debit cards. Also, today people are looking for alternative ways of payment that are fast, convenient and easy to use.
Once when big and global e-commerce platforms will accept Bitcoin on a regular basis as another payment method equal to fiat money and credit cards then we could say  that Bitcoin made a big and important step towards mass adoption and adoption by businesses.

[BitcoinExchangeIndia.com]

XYZ crypto creating an ABCD e-commerce wont have an impact. The crypto must be properly decentralized and the e-commerce site must be backed by BIG merchant community. Otherwise Bitcoin+OpenBazaar is great itself.

[Willitivity]

The growth of e-commerce is a very good opportunity for cryptocurrencies. Since both operates on the internet, cryptocurrencies provide a more uniformity in payment eliminating the charges in international payments which comes in fiat conversions. But on the hand, most e-commerce platforms will still not likely intergarte cryptos because of the volatility.

[wizardcrypto]

The e-commenrce is new revolution in the commerce industry and is expanding sporadically like never before . l strongly believe with the introduction of cryptocurrency into the e-commerce industries will eradicate many challenges the e-commerce shoppers faces such as trans border payment and third parties kind of payment system . and also this will also grow the cryptocurrency asset that is been use as medium of payment . the e-commerce industries need the crypto asset to develop very fast and as a result of this utilization there will mass adoption of cryptocurrencies

[Oceat]

E-commerce is just one thing that people wanted in the first place since there are things that they can't buy through to the supermarket. And it is a game changer of the economy IMO because lots of people using the internet now to buy and sell things that they want.

Though on some point it could give less profit to the merchants from their country.

Now that crypto-currency is available it just needs some rules and regulation from their government.

[bitfocus]

yes, e-commerce platforms will definitely have huge impact in Cryptocurrencies. Just imagine Amazon, eBay etc accepting Crypto - people will go deep into crypto then.

[kaisa]

E-commerce platforms that use crypto as payment have a big risk, unless they can manage crypto assets so that they do not cause significant losses, unless there are insurance companies who want to back up their projects. Even projects originating from ICO with the concept of an e-commerce platform are currently not using crypto as their payment tool, some online stores are willing to accept crypto as payment even though they make payments for services and not for goods.

[elda34b]

E-commerce platforms that use crypto as payment have a big risk, unless they can manage crypto assets so that they do not cause significant losses, unless there are insurance companies who want to back up their projects. Even projects originating from ICO with the concept of an e-commerce platform are currently not using crypto as their payment tool, some online stores are willing to accept crypto as payment even though they make payments for services and not for goods.

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.

[Herbert2020]

I heard about a cryptocurrency which is going to become a partner of an E-Commerce platform.

in 99% of the cases, this means you are looking at some random useless altcoin's advertisement who is using fooling techniques to get pumps. there has been at least a couple of hundreds of them that have made claims about partnering with lots of E-Commerce platforms and none of them are even used as a currency to succeed in any ways.

I think now people wants something more then just an idea. So it could a new Evolution after a Revolution.

it is a great move and it will happen all around the world eventually but cryptocurrencies first have to be considered and used as currencies and then take the "next step". for bitcoin it makes sense because it has been designed to work as a currency and despite what some people claim its usage as a currency has been growing

[flying_bit]

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.

ecommerce can make a huge impact with cryptocurrency. As soon as many ecommerce business accept crypto as payment, people will also start to trust crypto and eventually use it as payment and will then resolved one of major problem of crypto and that's having a real use case besides for trading and money transfer.

[Peashooter]

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.

As you can see there are many project that deal with ecommerce platform and most of them are now developing new payment method which you can use cryptocurrencies especially bitcoin. If this continue on developing we can better ecommerce platform.