E-Commerce or electronic commerce is considered to be a convenient way of buying or selling of products or commercial transactions online for both the consumers and suppliers (companies, firms, or entrepreneurs). Selling products online reduces the cost of a normal commerce business and at the same time buying online is less of a hassle. Thus, cryptocurrency is an attractive option for payment and Blockonomics as a Bitcoin payment processor is one good tool that merchants can utilize.
E-Commerce is not exactly inefficient with its usual payment process but what is with the use of cryptocurrency more specifically Bitcoin, that made it very attractive to merchants? There are several reasons and some of these are as follows: (1) fees for payment gateway is lesser compared to other payment options, (2) transactions between the buyer and seller is more confidential, (3) international transactions are easier, (4) cryptocurrency, once authorized, is irreversible but another transaction can be executed for legitimate reasons, and (5) sole ownership of the private key to initiate transactions. These statements pretty much is a mixture of a sense of security, accessibility, and intelligibility making it more appealing to consider cryptocurrency but of course, there are drawbacks to using it but it's not going to be left unsolved.
Despite the growing interest and advantages of Bitcoin, there are some unfavorable things when it comes to the use of it say for example cryptocurrencies handles a number of transactions which is less than other payment options can handle. If merchants' goal is to increase customers it means there are more transactions so using cryptocurrency for their business may not be the best choice but solutions for this has been already proposed, for example, the Lightning Network. Another thing is, the value of cryptocurrencies like Bitcoin is subject to volatility but once the adoption of a particular cryptocurrency increase, the volatility of that cryptocurrency could decrease.
Looking closely, Bitcoin is a good thing for E-Commerce with its advantages like lower transaction fees and easier international trade and with Blockonomics, this platform may enhance these transactions. As a Bitcoin payment solution, it guarantees that the cryptocurrency advantages is going to be apparent like private key ownership, instant payments, lack of middlemen, and even continued acceptance of Bitcoin directly. Also, as a merchant, transactions are going to be secured, the payments from customers can directly go to your preferred wallet and at the same time, customers will find it appealing that the checkout process is going to be on your website which is more secure, less hassle, and very simple. Note that some people find that going on a site and being directed on another one, especially for payment transactions, are discouraging.
Blockonomics is not a novice when it comes to cryptocurrency, it stared in 2015 and is continually improving when it comes to Bitcoin technology. With this, Blockonomics believes that they have what it takes to do Initial Coin Offerings to upgrade and offer better services and solutions. Blockonomics have BCK as their token which supports LTC, BCH, and ETH as well as Lightning Network Integration. BCK, alongside Bitcoin, can use these tokens to buy from Blockonmics powered stores and even receive discounts, rewards, or bonuses all over the world.
To know more about Blockonomics tokens, here are the following token sale details.
Token: BCK
PreICO Price: 1 BCK = $0.01666667
Price: 1 BCK = $0.02
Total token supply: 1 Billion
Platform: Ethereum
Private Sale: July 1, 2018, to July 31, 2018
Main Crowdsale: August 1, 2018, to August 15, 2018
Hard Cap: $10M
For more information and details on the project, find them by visiting their official website or reading their whitepaper. Be updated as to the current events happening during the ICO by visiting their social media pages.
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4421484
Website: https://ico.blockonomics.co/
Whitepaper: https://ico.blockonomics.co/docs/Blockonomics_Whitepaper.pdf
Telegram: https://t.me/BlockonomicsICO
Facebook: https://www.facebook.com/Blockonomics-1619324884975855/
Twitter: https://twitter.com/blockonomics_co
Author: Instaco
Author Link: https://bitcointalk.org/index.php?action=profile;u=2050406