Impact of Digital Currency in E-commerce

E-Commerce, also called, Electronic Commerce or Internet Commerce, deals with buying and selling of goods or services using the internet, and the transfer of data and money to execute these transactions. The different forms of E-commerce are Business-to-Business (B2B), Business-to-Consumer (B2C) and Business-to-Government (B2G). Using the latest trends can improve communication and E-Commerce business. With more digital innovations in finance, public people were showing much interest in this form of business. Apart from this, financial sector stakeholders and academicians are also attracted towards this. The main idea of Crypto currencies is to replace centralized systems such as banks and to reduce the need for an intermediary. As a result, the shopping process becomes much easier. With E-commerce, there is a possibility of reaching more people across the world with less expense than the traditional business. With the introduction of crypto currency, like Bitcoin, it has become easier for the users to move value around the web. Market volatility is the key issue with crypto currency payments. Price fluctuations in the value of a crypto currency can lead to net gains or net losses for e-commerce merchants. To put up risks and volatility, consider incremental additions such as rolling out crypto payments support on a web app before making them available via native app capabilities or vice versa. Citation: Chandrasekaran G, Neethidevan V, Murugachandravel J. "Impact of Digital Currency in E-commerce." Global Research and Development Journal For Engineering 4.7 (2019): 1 - 3.