A blockchain is a peer-to-peer network of computers. Blockchain technology offers easy, secured, and faster options for international payments. It is used in various industries such as retail, insurance, automotive, health care, and advertising.
The e-commerce industry is flowing, but payments remain a crucial factor to improve user experience. There are 24 million e-commerce sites worldwide. The total online sales from e-commerce reached $3.9 trillion at the end of 2020. However, what's interesting to note is that around 155 million e-commerce transactions end in a dispute.