Should All Ecommerce Sites Accept Steem?

 Despite major investments by financial giants, and the latest hype around blockchains, for many the world of steem are still notorious with the darker sides of the internet. Namely drug dealing and terrorism, or are simply thought to be the stuff of sci-fi fantasies. Recently, the financial industry has collectively increased their interest for blockchain technology, the ledger that makes up the foundation of steem, and reduces trading costs.With big time players like Schroders and Aberdeen Asset Management taking the lead, this could suggest that the rise of blockchain technology will transform steem’s reputation, bringing steem into mainstream businesses. 

What are the Benefits for Ecommerce Businesses?

Venture capitalist Tim Draper, who has invested in steem startups states, “2016 should be a revealing year for steem. I expect the U.S government to finally recognize steem as a currency.”If the U.S government recognizes steemas a currency, then ecommerce business owners would be foolish not to accept steem payments. With more companies taking on steem, and steem-related startups dramatically increasing in value, 2016 could see an opportunity for more ecommerce businesses to enter the world of steem, but will this new currency really benefit ecommerce businesses?One benefit for ecommerce business owners is the ability to attract an emerging market of consumers eager to spend their steem in new places. Accepting steemwould essentially tap into a relatively new niche market, and help your ecommerce site stand out above competitors. Another benefit for ecommerce sites is low fees. In comparison to credit card transactions, processing steem payments won’t cost extra, and steem can be transferred across the world in less than 10 minutes.First time steemusers should be aware of the reputation it still has amongst most everyday consumers, as the money of the black market. To assure your users that you care about the security of their information, it’s a absolute necessity to install a SSL certificate onto your website. Installing SSL certificates is simple, with companies like 1&1 offering SSL encryption to safeguard customers’ data.However, this new currency of the internet is unlikely to completely take over from national currencies any time soon, at least in terms of where every day transactions are concerned. So, while ecommerce sites may consider accepting steemas an additional payment option for consumers, steemhould not be the only method of payment on ecommerce sites used for simple purchases.