Adidas CEO Kasper Rorsted told CNBC Wednesday the company saw e-commerce as a “tremendous opportunity.” It came as the company published its 2018 earnings, which exceeded analysts’ expectations. However, Adidas is expecting U.S. growth to stall in the first half of this year as it struggles to meet strong demand. There is big opportunity in the e-commerce market, the CEO […]
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UPS Strategic Enterprise Fund, the private equity investment arm of Universal Parcel Service (UPS), has made an equity investment in e-commerce platform Inxeption, to help the latter develop highly functional e-commerce solutions for B2B sellers and buyers, according to a press release on January 16, 2019. A Forward-Thinking Move At a time when blockchain technology is changing the face […]
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Earlier this week news.Bitcoin.com received an email from an e-commerce shop owner who was having lots of issues dealing with traditional payment providers. Many of the problems stemmed from him not having a formal address and having bank accounts in different countries. However, the owner of store Bohemianbeachstyle.com quickly found out about Coinbase Commerce and how easy it is to […]
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E-commerce is one of the world’s biggest industries, currently valued at about $1 trillion. However, the market share and the power are concentrated in a small number of players who continue to become more monopolistic. Due to the centralized nature of e-commerce today, power has been consolidated in specific companies and has also put consumer privacy and information security in […]
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An ever increasing number of buyers all over the world are tempted to wallow into online purchasing. However, much they try to be prudent of the dangers, they are exposed to security issues like their financial details being exposed to hackers. That’s exactly where the Blockchain technology is revolutionising the E-Commerce space. With Blockchain, all the sensitive information like debit […]
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Rakuten Inc. has today announced the new acquisition of Everybody’s Bitcoin Inc., a Tokyo-based bitcoin exchange. The deal is reportedly worth around 265 million yen ($2.4 million) and sees Rakuten become a 100% share owner at the exchange. According to the official announcement, the deal was sealed between Rakuten Card Co., Ltd., a Rakuten subsidiary and Traders Investment, Inc., which […]
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A new blockchain-based e-commerce marketplace claims its centralized rivals are harming the sector by overcharging buyers and unfairly treating merchants — and plans to launch a new model, offering “complete shopping protection, data security and minimal commission.” ApolloX says it is hoping to challenge “monopolistic intermediaries” with an ecosystem consisting of three building blocks. The first component is a protocol […]
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It’s all well and good having a super-slick online shopping experience only to have the customer journey stumble in the home straight. According to business matters — a UK based SME Business magazine, reliable delivery is the key to a successful e-commerce business. In an article, they highlighted that importance, “One-fifth of shopping baskets are abandoned due to unsatisfactory delivery options […]
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Ripple is getting another boost now that Allvor, the first cryptocurrency powered by XRP Ledger, centering on e-commerce has surfaced. Alvor has proposed to integrate with notable online e-commerce stores using XRP ledger superior technology. The innovation is going to be a great boost for the cryptocurrency, and make Ripple XRP, a widely used digital currency. The Ripple-dependent innovation, according […]
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