Libra Ecosystem is a global blockchain system for e-commerce businesses. It provides e-commerce platforms with an easy, fast and highly secure payment system that accepts both fiat and digital currencies. At the same time, the Libra ecosystem provides a platform for small businesses to find and connect with investors in order to raise funding for their new projects.
E-commerce and small businesses can benefit from the Libra Ecosystem in numerous ways. In other words, there is a lot of market opportunity when it comes to leveraging the various benefits of the ecosystem. These include explosive growth of the e-commerce industry in recent years, growth of mobile & digital payments, an increasing number of frequency of global digital transactions, and others.
In this article, we talk about the market opportunity in the Libra Ecosystem due to the unprecedented growth of e-commerce.
Growth of E-commerce and how it boosts the market opportunity for the Libra Ecosystem
It’s a well-known fact that the global e-commerce market has grown a lot in the last few years. According to a Statista report, the global retail e-commerce sales increased almost 3 times between 2014 and 2020.
An easy way to assess the growth of e-commerce in recent years is to just look at the number of e-commerce websites on top platforms like WooCommerce and Shopify. The number of online shops on Shopify grew to 500,000 in 2020 from 84,000 shops in 2013. That’s over six times growth in only 7 years. These data are a clear indication that the e-commerce industry is growing at an unprecedented rate, and will continue to grow in the coming future because of the increasing trends of mobile shopping and online payments.
The growth of the e-commerce sector presents a wonderful opportunity for projects like the Libra Ecosystem that aims to revolutionise the industry with innovative solutions.
The Libra Ecosystem, for instance, provides e-commerce platforms with a convenient and affordable, global payment system for accepting/making digital payments in cryptocurrencies like ETH and Bitcoin. Since the e-commerce market is growing, the demand for better, more secure payment systems is also increasing. Businesses, in order to meet the demands of their customers, want to integrate strong yet affordable payment options that allow them to accept payments worldwide. Blockchain-based Libra Coin is one such payment option for e-commerce businesses.
Besides providing e-commerce platforms and merchants with a safe & low-cost, global payment option, the Libra Ecosystem will also help small businesses in the e-commerce sector find and raise investment for their projects.
As the demand for e-commerce series is increasing, many entrepreneurs are planning to start their businesses in this market. But, of course, they need investment in order to create something unique and creative in order to stand out from the competition. The Libra Ecosystem provides such small businesses with a ready-to-use investment platform where they can find and connect with investors, conduct investment drives and manage their funds in one place.
The growth of the e-commerce sector and a boost in the demand for e-commerce services create brilliant market opportunities for the Libra Ecosystem. To know more, read the project whitepaper https://libraecosystem.com/assets/site/images/whitepaper.pdf