Buyers’ trust is one of the strongest indicators in e-commerce success. It is important to mention that trust in the seller is a necessity. E-commence success has been granted, because of the trust between buyer and seller when inclusive of a mediating third party. When dissatisfied with an online purchase, a buyer’s right to chargeback is the propensity for trust for all e-commerce. Accomplished transactions online have depended on the belief of trust among parties. Trust that, if a disagreement or dissatisfaction surfaces, a third-party can mediate the dispute to set things right. For this reason, without human input, we will not have mass adoption for e-commerce and all b2b b2c transactions when it comes to bitcoin and other cryptocurrencies.
We have come this far in the cryptosphere, and we are all realizing it now. Without that sense of trust, where trust is actionable and can be remedied, crypto is just a speculative asset for moonboyz only good for p2p transactions. We need a technology solution for trust.