INTRODUCTION
E-commerce i.e., the purchasing and selling of goods on internet is fast gaining popularity because of the advancement in technology and access to internet. The global e-commerce trends and the pace at which it is growing are fascinating. Clearly understood, the growth of e-commerce will imply the growth of online payment. We resort to use the technology involving crypto currency which will pose a means of transaction in digital form and avoid any third party intervention. The irreversible nature of crypto currency transaction makes its secure from fraudulent practices, thus making it more reliable for payments and transactions. The lower or non-existent transaction fee and greater consumer reach have gained crypto currency the popularity for the mode of transaction. Crypto currencies are well suited for online transactions because of its features.
Blockonomics provides a fully decentralized and trusted platform based on block chain technology which will lead payment processing system for merchants accepting Bit coin. They ensure straight to wallet solutions and secured transactions. They have helped in increasing the sales of e-commerce sites by including Bit coin, Ethereum, Lite coin and other major altcoins as a major payment option for the customers. Bit coins or other crypto currencies have added benefits over the conventional over traditional money transfers and they are helping both private users and online merchants experience a whole new world of monetary exchange with complete ease.
SOLUTIONS OFFERED
Looking to the busy schedule of today's generation, they aim to provide personalized services to individuals. By personalized, I mean providing product information and content of a person's choice rather than the irrelevant information, which will jut waste their time. Connecting clients to their brands, they are planning to integrate online platforms and devices and work as a multi-platform and multi device. Through this, they offer security, safety and convenience to the customers. Without the need for billing information, it enables buyers to send payments and they look upon to a customer's sensitivity towards privacy.
With the use of crypto currency, there will be no restriction on the amount of money sent globally and compared to other payment options, they have low transaction fee. Including high speed transactions and no credit card charge backs, bit coins is emerging as a wallet to be used by merchants
For anyone holding a bit coin wallet, Blockonomics even allows for wallet monitoring and email notifications. One problem that needs to be addressed is the price volatility of bit coin and other crypto currencies. It can end up bringing huge losses for companies who handle thousands of sales every day and therefore proves to be a risk for retailers. The difference in price levied through bit coin transactions also varies each time and is not fixed, which increases the overall cost of a product.
CONCLUSION
We need to include crypto currency payment options in e-commerce stores. Changing the face of cash transactions, we need more of such systems to eliminate financial intermediaries and allow users to make direct and relatively anonymous transactions via the internet. We need to develop more such technologies which provide ease of payments, ease of money transfer, less paper work involvement and are highly secure.
There is an increased profitability in crypto trading and it is regarded more of an asset than a currency. We need to revise the conventional payment mode and resort to fair and speed transactions with a payment mode that is widely accepted by nations. At this point, we need to improve technologies to eliminate the flaws of crypto currency and make it more accessible.
Website - https://ico.blockonomics.co/
Whitepaper - https://ico.blockonomics.co/docs/Blockonomics_Whitepaper.pdf
Telegram - https://t.me/BlockonomicsICO
ANN - https://bitcointalk.org/index.php?topic=4421484.0
Published by - smithjones
Profile - https://bitcointalk.org/index.php?action=profile;u=1936039
