The Commerce We Deserve: Cryptocomerce
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Discussion of crytpocommerce advantages over conventional commerce at Decentralize Colorado Meetup, Monday, April 23rd
The Commerce We Deserve: Cryptocomerce
- 1. 1 The Decentralized eCommerce We Deserve! By Russell Castagnaro If You install a Bitcoin wallet during my talk, I’ll give you some! Install “Copay Bitcoin Wallet” https://goo.gl/tS6zKk eCommerce for All TM
- 4. 4 Global Retail Commerce $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T $1T eMarketer Worldwide Ecommerce Report and St. Louis FED ECOMPCTSA report
- 6. 6 eCommerce is Broken 70% 30% U.S. Only< 10% > 90% $22 Trillion $2 Trillion Cash Payments Electronic Payments International Retail Payments *eMarketer Report
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- 8. 8 Cost of Fraud as a Percent of Revenue
- 9. 9 Credit Card Fees Low Risk Med Risk High Risk
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- 11. 11 eCommerce is Broken 70% 30% U.S. Only< 10% > 90% $22 Trillion $2 Trillion Cash Payments Electronic Payments International Retail Payments *eMarketer Report
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- 13. 13 World and US: Banked Adults 73% 7% 20% Banked Unbanked Underbanked FDIC: 2015 FDIC National Survey of Unbanked and Underbanked Households 48% 22% 30%
- 14. 14 You and Me
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- 16. 16 Bitcoin Provides… Speedy Settlement Low barriers to entry No fraud risk Low transaction fees* Easy To Use No chargebacks There has NEVER been a simpler, safer, more open electronic payment method available to the public.
- 17. 17 Bitcoin Adoption: 17M Americans 5% of Americans had: ? Social media on 3/21/2005 ? Broadband Internet on 2/2001 ? eReaders at 9/13/2010 ? Tablets at 11/24/2010 ? Bitcoin 1/24/2018 That’s nearly 17 Million people!
- 18. 18 Isn’t Bitcoin Too Volatile?
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- 20. 20 17.21 8.75 2.24 11.52 10.3 3.81 0 5 10 15 20 25 30 35 Milennial Gen X Baby Boomer Bought Will Buy Source: finder.com
- 21. 21 Leverages latest, most secure technology You keep custody of funds No banking requirement Personal data not required for payment Eliminates fraud concerns for merchants Bitcoin Payments
- 22. 22 Cryptocurrency Will Change eCommerce Forever ? Fraud decreased by 90% ? Markets expanded to 4B underbanked adults ? Payment processing fees down 75% ? International payments in less than 20 minutes ? Vastly decreased need for ATMs ? Stabilizing developing nations’ economies
- 23. 23 Thanks! We believe everyone should be able to accept electronic payments, not just those with banks. Visit us at wampei.com Install A Bitcoin Wallet 23