Electronic Commerce
Title: Electronic Commerce
Category: /Business & Economy
Details: Words: 1393 | Pages: 5 (approximately 235 words/page)
Electronic Commerce
Category: /Business & Economy
Details: Words: 1393 | Pages: 5 (approximately 235 words/page)
Electronic Commerce
Initially, the Internet was designed to be used by government and academic users,
but now it is rapidly becoming commercialized. It has on-line "shops", even
electronic "shopping malls". Customers, browsing at their computers, can view
products, read descriptions, and sometimes even try samples. What they lack is
the means to buy from their keyboard, on impulse. They could pay by credit card,
transmitting the necessary data by modem; but intercepting messages on the
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future. The fact is that the electric-money
genie is already out of the bottle. The market will demand electric money
because of the accompanying new efficiencies that will shave costs in both
consumer and supplier transactions. Consumers everywhere will want the bounty of
a global marketplace, not one that's tied to bankers' hours. These efficiencies
will push developers to overcome today's technical hurdles, allowing bits to
replace paper as our most trusted medium of exchange.