How to pay: no-click buying in the blockchain

Wijnand Jongen

Chapter 10 in The End of Online Shopping:The Future of New Retail in an Always Connected World, 2018, pp 160-179 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The decision to buy something, the subsequent payment and finally receiving the item: for as long as we can remember, it all happened at the same time, in the same place. The risks for buyer and vendor were shared equally. Someone chose a dress in the store, paid for it, and took it home. Developments in technology have completely upended traditional payments in less than two decades’ time. Online shopping has become nothing out of the ordinary. As a result, entering into an agreement, paying for the item and delivering the goods or services no longer have to take place at the same time or location. In the age of Internet, the risk has shifted to either buyer (advance payments) or vendor (payment on delivery)…

Keywords: Online Shopping; Retail; Ecommerce; Digitization (search for similar items in EconPapers)
JEL-codes: L26 L81 M16 M31 (search for similar items in EconPapers)
Date: 2018
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