5 Ways Blockchain Is Revolutionizing E-commerce Payments

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.

If Bitcoin Fails, Will Blockchain Technology Ultimately Follow?

A year ago, on December 17, 2017, Bitcoin price reached its all-time maximum — $19,783.21. Since then, it has steadily declined, just like the faith of investors in cryptocurrencies, and today, it is close to just $3,000.

Experts say this downfall is happening due to disheartening discoveries, like the one that nearly 85 percent of ICO’s in 2017 were a scam, or that more than 50 percent of Bitcoin startups stop functioning in four months after their ICOs.