RATE Group | What Role Will Bitcoin Play in the “Retail Apocalypse”?
74641
post-template-default,single,single-post,postid-74641,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

What Role Will Bitcoin Play in the “Retail Apocalypse”?

05 Jan What Role Will Bitcoin Play in the “Retail Apocalypse”?

Posted at 13:35h in Bitcoin News by

[ad_1]

What Role Will Bitcoin Play in the "Retail Apocalypse"? 101
Source: iStock/zodebala

Bricks and mortar shops began to struggle as soon as ecommerce started to gain traction. Today, online shopping has become the norm for many consumers. It is estimated that globally, over 1.9 billion people have made online purchases in 2019. Conversely, thousands of physical stores are experiencing a drop in sales, which has led to store closures and even bankruptcies. Analysts have coined this phenomenon the “retail apocalypse.”

In this article, we will discuss this trend and the potential role that digital currencies could play in a predominantly digital retail market.

What is the “retail apocalypse”?

The “retail apocalypse” refers to the close of physical stores in the U.S. (especially of larger chains) as a result of changing consumer behavior and the rise of ecommerce.

The term “retail apocalypse” first appeared in 2017 following the closure of a large number of bricks and mortar stores by major retailers as well as several…

[ad_2]

Source link

Tags:
, , , ,