How many cryptocurrencies are there in eCommerce?

There are currently more than 16,000 cryptocurrencies, the biggest ones being Bitcoin, Ether, and XRP (Ripple). They all hold different values and can be acquired from a traditional broker or on a dedicated cryptocurrency exchange. How to Use Cryptocurrency in Ecommerce?

Can cryptocurrencies be used for e-commerce?

The continent has seen significant growth in e-commerce, with platforms such as Jumia, Konga, and Takealot emerging as major players in the market. Accepting cryptocurrencies as payment could provide these platforms with a competitive advantage, as it would enable them to reach a broader customer base and reduce transaction costs.

Why are ecommerce companies embracing cryptocurrency?

Nowadays, disruptive ecommerce leaders, like Walmart and Amazon, are increasingly embracing cryptocurrency as a payment method. The reasons are obvious: backed by blockchain technology, crypto presents many potential benefits to ecommerce merchants, like security, trust, and transparency.