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Smallbusinesses can now easily find employees across the world for both part-time contract work and full-time positions. Many shoppers are now purchasing items from foreign countries online and having them shipped to their homes. So retailers, too, need to be prepared to accept payments across borders. Bank transfers.
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. billion digital buyers worldwide by 2021 ( eMarketer ). of total retail sales. When you buy shoes from an online shoe retailer, it is a business-to-consumer transaction.
But how does this affect smallbusinesses? Even for small online retailers, it’s important that you’re not too late to the game. This reason alone is enough incentive for online retailers to make the switch to accepting cryptocurrencies. Tell us a little about your business. Type of Business: General Retail.
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