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How can blockchain aid the ecommerce industry: real market insights

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How can blockchain aid the ecommerce industry: real market insights

Over the past two decades, ecommerce has become one of the main ways of doing business. However, with all the advantages of virtual operations (speed and convenience above all), they are controlled by banking institutions, which entails a number of restrictions.

Fortunately, progress does not stand still and the traditional types of currency are replaced by cryptocurrency - a form of digital currency using blockchain technology. This decentralized financial system allows you to transfer money without leaking information and is today an excellent alternative to using credit cards and bank accounts to pay for goods and services.

When utilizing cryptocurrencies as a way of payment method, it’s important to understand the solid advantages digital assets have over traditional currencies:

  • work in non-stop mode. Unlike the banking system, blockchain works without holidays and weekends;
  • minimum transaction fee. The commission for performing a Bitcoin transaction is a percentage of interest, which is several times lower than payment for transactions using credit and debit cards;
  • simplicity and accessibility of cross-border payments. Opening a vending account for accepting cryptocurrency is a real opportunity for small companies operating in e-commerce to reach international sales;

There are various developers on the cryptocurrency ecommerce market, but no other stand out as much as K-Merchant - a secure payment gateway developed by KaratGold, a blockchain payment solution developer.

K-Merchant allows its users to accept cryptocurrency payments in just a simple scan. The system allows for easy onboarding and an easy-to-use dashboard for funds management and registry overview. With the K-Merchant, payments can be facilitated in Bitcoin, Ethereum and KaratGold’s native cryptocurrency - the KaratGoldCoin (KBC). K-Merchant also offer an online adaption of its system - a website plugin that facilitates online cryptocurrency payments. K-Merchant is already integrated with WooCommerce and many other e-commerce platforms. People who have their KaratGold Coin on the K-Merchant app can spend KBC through thousands of online retailers around the globe.

“K-Merchant is an absolutely secure and transparent payment system due to the blockchain”, summarizes the technical side of K-Merchant its CEO, Harald Seiz. “Everything runs automatically, legally secure and above all quickly: The customer initiates a payment via K-Merchant, the system validates it and the process is completed – irrevocably and without costs. The payments are then credited to the service provider in the twinkling of an eye and irreversibly.”

To learn more about KaratGold`s innovative products, visit their website.

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