Canada, Australia rank highest in cross-border ecommerce choices
Wednesday, 6th August 2014
Canada (84%) and Australia (54%) are US retailers’ top choices for cross-border ecommerce, Japan and New Zealand (39% each) come next in line.
"60% of Canada’s online shoppers buy from US merchants and 37% of the world’s cross-border shoppers are Canadian."
"7 out of every 10 online purchases made in Canada are from merchants outside the country."
"Australia’s ecommerce market is not subject to import tariffs or duties on any item under AUD 1,000 Australian. Consumers there also have high levels of disposable income, and goods sold at retail are expensive due to labor costs."
More info here.
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Bitcoin payments are illegal under Kyrgyzstan's regulation
Tuesday, 5th August 2014
The National Bank of the Kyrgyz Republic has issued new statements which claim that Bitcoin and other digital currency payments are not legal.
"The only legal tender in Kyrgyzstan is KGS, the national currency. At press time, 1 KGS was worth USD 0.019. The central bank has also warned consumers about the potential risks inherent in digital currencies which do not fall under the law’s responsibility."
"Data shows that the official Bitcoin-Qt wallet has only been downloaded around 1,000 times in the central Asian nation with a population just shy of 6 million, suggesting local digital currency use is not widespread."
More info here.
The Magic Behind the Curtain: Marketing Automation Makes it All Happen [Infographic]
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