Topic > Internet Thought Paper - 1106

Of course, giving a big thank you to modern cryptography, business via the Internet has grown enormously allowing people to buy things from their own homes. According to the US Department of Commerce, Internet revenue in 2015 amounted to approximately $347 billion, which is an increase of 14.7 percent over the previous year. Of course, companies like Amazon have revolutionized the online purchasing process, making online commerce much simpler and cheaper. PayPal is also an interesting example of technological inflection when it comes to Internet commerce. Over the years, PayPal has become the main source of transactions for many buyers and merchants who have expanded the idea of ​​commerce through the Internet. The company now has a way to transfer money wirelessly and can ensure safety while doing so. Now the question to ask is: how long will it take before Amazon and other e-commerce sites fail? While the answer isn't clear yet, it's another obscure concept that no one would have thought about in the previous twenty years. One can only imagine a world where all purchases can be made online without ever going out