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There are several trends influencing the ecommerce industry as a whole, but arguably the most visible of these is bitcoin. When it comes to paymentprocessors in ecommerce sites, the talk used to be about credit cards, PayPal, COD (cash on delivery), et al. But now it’s shifting towards bitcoins and digitalcurrencies.
You had to have a bit more interest in digital collectibles, know more about NFTs and crypto in general to dabble in the NFT world. But in July 2021, popular ecommerceplatform Shopify allowed its users to sell NFTs through its own simple storefronts. The platform also accepts mobile payment methods for added convenience.
Coinbase Commerce is a merchant payment solution that helps online businesses accept cryptocurrency payments. The platform leverages blockchain technology in order to facilitate digital asset payments for its customers. How Does Coinbase Commerce Work? Launched by Coinbase, a popular U.S.
Major brands such as Home Depot and Microsoft have begun accepting crypto as part of their eCommercepayment options. Also, processors like Paypal now have crypto gateways accepting many different coins. But how does this affect small businesses? What eCommercePlatforms Have Integrated Crypto Payment Plugins?
The three popular platforms include Shopify, Squarespace, and Square Online Store. Shopify is a robust online eCommerceplatform. You can accept a variety of payments including credit cards and digitalcurrencies. It also integrates with Instagram and Facebook so you can sell your art on those platforms.
Allow Multiple Payment Options. These days it’s imperative that you give online shoppers the choice of as many payment methods as possible. Digitalcurrencies. Once you have your customers signed into their accounts on your eCommerce website or smartphone app, you can enable 1-click checkout. 1-Click Checkout.
In fact, growth projections estimate that by 2022, ecommercerevenues will exceed $638 billion in the U.S. Globally, ecommerce growth projections are also on an upward trajectory: They show that retail sales may exceed $4.058 trillion by as soon as 2020. Ecommerce Timeline: Year Major Ecommerce Event. is founded.
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