As online shopping is one of the commonly used online activities internationally, the global retail e-Commerce sales globally are expected to increase to about $6.55 by 2022. However, the industry is still vulnerable to fraudsters, so a great share of profits is expected to be lost due to the vulnerability.
Bitcoin is continuing to find its way into many sectors including tourism, online shopping, hotels and restaurants, supply chain, online casinos, and charity. There is also a growing dire need for Bitcoin in banks.
The economically struggling South American country and a strong supporter of crypto as a means of payment will see over 20,000 merchants recognize bitcoin and other cryptocurrencies as legal tender for shopping come June.
It has been discovered in the Casaleggio Associati annual report that Italy participates in eCommerce more than any other European country, and blockchain technology and cryptocurrency are part of this digital shopping, especially when it comes to tracking products and making payments for purchased goods.
Blockchain technology opens new possibilities and an almost unlimited number of new advantages for revolutionary development in all fields of business. Everything from finance, shopping, real estate to gaming, art and virtual reality.
In 2018, the largest Slovenian shopping mall, BTC City, announced its plans to become a ‘Genuine Bitcoin City’ and add cryptocurrencies as a means of payment in its shops. To bring this plan to fruition, the Eligma company designed a cryptocurrency transaction system called “Elipay”. In September, the Elipay mobile app was launched in Slovenia, with the international market to follow.
A trusted company that successfully finished its public crowdsale in May 2018 and raised over $10 million – Eligma – is now launching a groundbreaking AI shopping assistant MVP, which will be able to help users save both money and time.
The global's first university powered by Blockchain technology could set up shop in Malta, and academics from some of the global's top universities have already signed up, as per reports from Medium on August 24.