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What is Ecommerce?

Crypto Terms Glossary: What is Ecommerce?

Ecommerce, or electronic commerce, is a business model that allows users to buy and sell products and services on the internet. Ecommerce is usually classified into four main segments: business to business (B2B), business to consumer (B2C), consumer to consumer (C2C), and consumer to business (C2B). Nearly any imaginable product or service is available through an ecommerce website including books, music, electronics, financial services, and more. Ecommerce is often used as a substitute to traditional brick and mortar stores because costs are lower, and the potential customer reach is much greater. Amazon, eBay, and Alibaba are some of the most well-known and widely used ecommerce platforms.

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