Blockonomics - Re-imaging Bitcoin Use for e-commerce

Image result for Blockonomics bountyBlockonomics is an innovative new decentralized platform that will use the ethereum  blockchain to secure customer data, facilitate Ecommerce transactions, and drastically change user experience. The integration of blockchain technology will ultimately provide a higher level of security in the realm of Ecommerce. The interoperability of the platform will serve as the basis for future scalability and sustainable growth. Blockonomics is one of the world’s leading blockexplorer and merchant gateway since 2015. Blockonomics ICO will supercharge their product, and lead the charge in making Bitcoin the premier choice for e-commerce payments.
PROBLEMS WITH USING BITCOIN FOR E-COMMERCE 
Bitcoin as store-of-value 
Majority of cryptocurrency investors and bitcoin holders consider bitcoin as more of an asset than a currency. This is because of the high level of profitability in cryptocurrency trading. So due to this reason, people prefer to hold their coins and trade them on exchanges than use them to perform transactions and purchases. 
Bitcoin  and  cryptocurrency  price  volatility 
The price of bitcoin and other cryptocurrency coins are determined by the market factors or conditions. The market value for bitcoin is not stable. Consequently,  Bitcoin  and  other cryptocurrencies  price  volatility  could  lead  to  unquantifiable  risk  for  online  retailers.

The  high  costs  of  Bitcoin  transactions    In  2017,  a  period  that  Bitcoin  transaction  fees  were  relatively  high,  an  Australian  Ecommerce  consultant,  Alex  Levashov,  conducted  a  thorough  comparison  between  the exact  cost  of  transacting  in  Bitcoin  and  PayPal.  According  to  him,  PayPal  charges  are  a  fixed percentage  of  the  amount  transacted,  while  corresponding  Bitcoin’s  charges  are  differently calculated  and  are  dependent  on  several  facts  besides  the  amount  of  money  being transferred
FEATURES OF BLOCKONOMICS 
The following are the prominent characteristics of Blockonomics :
>Truly Decentralized - The only Bitcoin payment solution on the market that completely removes the middle man. 
>Straight to Wallet - E-commerce payments and donations are sent directly to any Segwit and non-Segwit wallet instantly
>Trusted and Secure - No security risks - we don’t have access to your private keys. You control your Bitcoins.
>Completely Permissionless - No KYC/documentation required. Only an email is required. Borderless and permissionless - like Bitcoin itself 
>24*7 Customer support - Your issues will be looked after immediately
Besides these features which will save you a lot of time and money, Blockonomics is completely in sync with the Bitcoin philosophy and constantly imbibe the latest technologies to offer best possible services to our merchants, unlike Bitpay. For example, Blockonomics is one of the first to implement Segwit support and are not behind other in our plans with lightning technology.

BCK TOKEN
BCK can be used by merchants who wish to accept BCK as a payment method, use it to pay their transaction fees, and for activating add-ons and services on blockonomics.co. BCK can also be used by non-merchants as a payment method on Blockonomics-powered merchant websites and for collecting rewards from each purchase.
TEAM 

Blockonomics, at the moment is a Wallet watcher and a payment gateway. The wallet watcher helps you to monitor transactions and balances of all your wallets at one single place. Payment Gateway helps you to accept Bitcoin payment on a user's website. We do not have a wallet service at the moment. All the transactions go directly to your own wallet.
LINKS 

Author by: Ayin2206

Comments

Popular posts from this blog

EthereumONE

ICO Change - Crypto Bank

EQUI is a new project that plans to revolutionize the traditional venture capital market