Who hasn’t bought anything online before? From accessories, clothes, furniture, games, or anything you can pretty much think of, these can easily be acquired nowadays in just a matter of a few clicks.
According to Statista, the number of digital buyers worldwide is estimated to reach around 2 billion by 2021. In fact, after two decades (2040),
Nasdaq reported that 95% of all purchases are expected to be done via e-commerce.
As the total value of global retail e-commerce sales crosses to $4 trillion by 2020, it is now undeniable that online shopping is rising to the top of the game. Alongside this, the integration of digital currencies is emerging, which offers customers a more secure payment gateway for online transactions. ABBC has been making its presence known in the e-commerce industry as recent developments occur. This is in accordance with its aim in giving a seamless online shopping experience to everyone.
With the ecosystem relentlessly expanding globally, e-commerce is delving further into innovation — making shopping and payments easier and more convenient than before.
The Next Generation of E-commerce
By 2021, more than 50% of retail e-commerce will be generated through mobile. This brings mobile commerce (m-commerce) into the spotlight. With the high-tech device features of smartphones, fast connectivity, and the convenience of being on-the-go, m-commerce is preferred by the majority.
Gone are the days where you have to spend a couple of hours from one shop to another just to canvass for prices and designs. Today, through your phone or tablet, you can just simply browse through products in various e-commerce sites and add the items you desire in your cart. This shows that m-commerce is establishing itself as the next generation of online shopping by providing a better overall experience for customers.
In a similar manner, m-commerce has shown its great potential in making existing industries evolve, and this trend will likely continue. As mentioned by the Managing Director & COO of Applift Stefan Benndorf, there needs to be further integration in areas such as mobile payment methods “to achieve more consistency and establish truly global solutions.”
Crypto as Payment
The future of cryptocurrency lies in online platforms designed to make trading easier for both customers and merchants. With the emergence of new mobile payment solutions, it is now possible to offer customers a diverse range of payment options including digital currencies. This type of currency has the same concept as cash, but the difference is that it transcends the limitations of physical money.
Aside from e-commerce, crypto makes cross-border payments possible. Due to blockchain’s decentralized nature, payments could be made seamlessly — no intermediaries, no extra costs, and, more significantly, no frozen accounts. People are offered a greater level of privacy and multilayered protection against deceptive business proceedings.
Keeping up with the trend, ABBC ensures that it offers a mobile-responsive, handy, and functional platform to help users with their online transactions. Users can store their ABBC and other cryptos in the simple, fast, reliable, and user-friendly Aladdin Wallet app. You can easily check your total assets, as well as send cryptos without difficulty through chat messages.
ABBC’s Global Marketplace
As various e-commerce sites like Overstock, Newegg, BitPlaza, and ShopJoy start accepting BTC and other cryptos as a payment method, ABBC strives to do the same. Of course, it intends to be integrated into other retailers, services, and establishments — but it does not stop there.
As announced beforehand, ABBC has launched its Shopping Mall platform in New York City. This platform is the first crypto shopping mall designed to bring shopping into a different and more advanced dimension. Aiming to be the best, leading online retailers worldwide will be accessed through ABBC’s own global marketplace.
In terms of the gross merchandise value (GMV) or the total value of items sold on an online store, China’s e-commerce giant Alibaba leads the game by having a net worth of $768 billion. Following its tracks are Amazon, JD.com, eBay, Shopify, Rakuten, and Walmart. These major leagues will be integrated with ABBC’s Shopping Mall, guaranteeing cheap, high-quality, and authentic products from all around the world.
One of the typical habits of consumers before buying is scouting products at the most affordable prices. For that matter, 65% of shoppers make price comparisons on their mobile devices. Taking this into consideration, ABBC will allow buyers to browse through assorted items based on category and prices through its e-shopping mall. No need to check different websites or drive to the nearest stores!
Sooner than later, ABBC Coin will be accepted upon checking out and paying for your online purchases — and it will be a groundbreaking development for the project’s vision. Shopping will never be this good!