Cryptocurrency has become increasingly popular in e-commerce, with the industry predicted to reach $2.9 billion by 2030. Despite fluctuations in adoption rates, there is a growing familiarity with digital currencies, indicating potential for increased usage in online transactions.
Advantages of using cryptocurrency in e-commerce include improved global reach, lower expenses due to reduced fees, and greater safety through secure transactions. Cryptocurrency applications in e-commerce include loyalty programs, Web 3.0 and the metaverse, supply chain transparency, and specialised marketplaces.
Summary:
– Cryptocurrency is gaining traction in e-commerce, with a predicted market size of $2.9 billion by 2030.
– Advantages of using cryptocurrency in e-commerce include improved global reach, lower expenses, and greater safety.
– Cryptocurrency applications in e-commerce include loyalty programs, Web 3.0 and the metaverse, supply chain transparency, and specialised marketplaces.
