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Global E-commerce - Essay Example

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It has a unique feature which allows customers to send payments within peer-to-peer network and decentralized network. One aspect of the software is that the company doesn’t need any central…
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Global E-commerce
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Global E-commerce

Download file to see previous pages... The smallest unit of Bitcoin is Satoshi wherein 100 million Satoshi are there in 1 Bitcoin. The supply of Bitcoin has the limit of 21 million which is equal to 2100 trillion Satoshi. The current supply is 57% of the total which is equivalent 12 million Bitcoins. The public history with regards to transactions is experiencing upgrades at a continuous rate and also verified by the miners who can gather new transactions in different blocks and attach these blocks at the end of the chain called the block chain. Every single movement of the Satoshi is been tracked right from the first owner to the present owner. This helps in preventing fraud as the customer is aware of the number of Bitcoins he or she wants to spend on a particular transaction. Bitcoin as a medium of exchange is different from the transactions done in other exchanges. Bitcoin gained popularity among the companies that were involved with the facilities of Bitcoin ecosystem. In addition, Bitcoin has provided different software like Bitpay to the merchants and has also absorbed FX volatility risk by giving a guarantee towards a successful transaction undertaken at the right exchange rates and also in making bank payments. From 2013, the company started making significant developments and changes to the start up so as to improve the process and also make it more users friendly for the customers for easy transactions.
This report is an exclusive study about the importance of ecommerce and how it helps in creating a good business for the company especially in creating a good brand image. The way ecommerce is done using different platforms and how it benefits both the company and the customers can be seen in a wide and descriptive manner. The importance of ecommerce and the performance of ecommerce for Bitcoin will be analysed in comparison with FOREX.com which is a global leader in foreign exchange and provides contract for different individuals who makes transactions while trading ...Download file to see next pagesRead More
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