Bitcoin integration led to positive results for the merchants in this study.BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method.The parties selected to participate included a gold broker, an online gift card marketplace, a domain registrar that also serves as a hosting service, and an electronics retailer.In the report, the unnamed merchants praised crypto’s lack of fraud-related chargebacks, noting the immensity of this issue when dealing with traditional institutions.They also reported that while only 0.5% to 6.5% of their total eCommerce sales came from crypto transactions, these helped to boost the flow of new customers by 40% on average over the last three years.During the pandemic, the study stated that merchants reported an increase in online shopping.This bolstered the number of crypto transactions on their respective platforms, with 11% of responding customers stating that they were using crypto and other digital payment methods for the first time.The report also adds: “The interviewed merchants identified an opportunity to grow sales by reaching a new customer segment that prefers to pay with bitcoin and other cryptocurrencies when shopping online.
While cryptocurrency buyers still represent a relatively small share of spending, cryptocurrency recognition is significant and growing.”
At the beginning of September, a British online food delivery platform called “Just Eat” added cryptocurrency payment support for its subsidiary in France.Share this: UK Gov’t Faces Questions Over Impact of Crypto Bear Market on UK Blockchain Industry The U.K.government has faced questions over whether it is actively monitoring the impact of the global crypto market downturn on the domestic blockchain industry, Finance Feeds reports September 18.Lord Taylor of Warwick is reported to have asked “Her Majesty’s Government what assessment they have made of reports that the value of cryptocurrencies in the… Ethereum Classic Cooperative Warns Public Against Apparent Hard Fork Scam An Ethereum Classic (ETC) development organization is warning the public against a possible scam that is attempting to exploit users the day after the altcoin completed its hard fork.In a tweet posted by the ETC Cooperative on Jan.13, they ousted an alleged scam calling itself “EAgharta” in resonance with ETC’s bona fide “Agharta” hard… Creator leaves SushiSwap in hot water as multisig revival is on the menu The high-risk environment around the decentralized finance space and hype for one of its latest offerings, SushiSwap, raises an analogy with a Japanese delicacy called fugu, or pufferfish, which is said to be more deadly than cyanide.Highly trained chefs have been serving up fugu in Japan’s top restaurants for decades, balancing the lives of their… Newly Formed US Healthcare Alliance to Trial Blockchain for Improved Data Quality Major U.S.healthcare companies have formed an alliance to trial blockchain solutions in order to improve data quality and reduce costs, U.S.weekly news outlet Modern Healthcare reports Monday, Dec.3.The Synaptic Health Alliance group consists of Humana, Multiplan, UnitedHealth Group’s Optum, UnitedHealthcare, Quest Diagnostics, and has recently been joined by Ascension — the largest… Privacy-Focused Zcoin Launches Funding Project Similar to Monero CCS Privacy-focused cryptocurrency Zcoin (XZC) has launched a new crowdfunding system similar to one by another major privacy coin, Monero (XMR).In a Dec.26 blog post, Zcoin announced the launch of the Zcoin Crowdfunding System (ZCS), a new platform that is designed to serve as shift from direct funding from block rewards to a donation model.ZCS… Big Four Auditor EY Provides Blockchain Solution for New Wine Traceability Platform Big Four audit firm Ernst & Young (EY) is providing its proprietary blockchain solution for a major new platform that helps consumers across Asia determine the quality, provenance and authenticity of imported European wines.
The news was revealed in an official EY press release on May 23.The e-commerce platform, dubbed Tattoo, has been developed for… Asian Asset Manager Focusing on Family Offices to Launch Crypto-Custody Solution The Fusang Investment Office, an Asia-based fund management firm focusing on family offices, is planning to launch a crypto-custody service in Hong Kong, local news outlet the South China Morning Post reports Sunday, July 22.The custody service, Fusang Vault, will hold digital assets for clients as well as provide periodic audits, according to the… Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 15 The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.As the Bitcoin rally picked up momentum, the volume also spiked… China’s Dive Into Blockchain, Digital ID Spurs Rest of World to Action News on crypto and blockchain technology is coming in abundance from China.This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country.President Xi identified dozens of use cases that should be promoted: loans, health care, anti-counterfeiting, charity and food security.… Leave a Reply You must be logged in to post a comment.Search.
