Sweden, the Cashless Economy?
The first country that introduced bank notes in 1661, is now moving to a cashless economy. "I
can't
see why we should be printing bank notes at all anymore," says
Bjoern Ulvaeus. Most cities in Sweden are not accepting cash in public
buses anymore. People will need to buy prepaid ticks or show a phone
text message to the driver. It has come to the point that the Gustaf
Church in Karlshamn has installed a card reader to make it easier for
people to donate some money. Currently, Sweden's economy only contains
3% of bills and coins. However, to some people, 3% is still a great deal
of money that is circulating in the economy. Less cash in banks also
leads to less bank robberies, which is a positive thing for the country!
More information in this link:
http://www.cbsnews.com/8301-202_162-57399610/sweden-moving-towards-cashless-economy/?tag=pop;stories
Amazon
At fist, Amazon 's purpose is to sell books online. However, once the site was powered, Amazon has been receiving many emails asking them to post up a section for selling music, DVDs and electronics. Soon, Amazon has reached to about 49 million users and consumers. People ended up buy more of other products than just books. Amazon was raked near the top of internet retailer's list in 2004. Unlike other online sites, Amazon has started to build a trust from their customers that they will deliver their items on time for a relatively cheap price. Because of this trust, many customers are always revisit the site for another purchase. Amazon offers a relative cheap deals as the items on sale were probably purchased and used for awhile. Amazon spiraled up to the top because of their cheap deals and shipping fee.
Read the article here:
Groupon
Groupon features extremely good deals for local markets located in USA and Canada. It is basically a site where you can buy coupons for a relatively cheap price. Coupons include, restaurants, concert tickets, massages, fitness etc. Also, it may also be used as an online gift card, you may purchase the online gift card for a certain amount of money and give it to someone as a present.
For more information, click here! http://www.groupon.com/faq#3
E Bay
This site started in 1995 with curious software producers who wants to create a trading community. It offers consumers an opportunity to be able to sell, buy and trade items throughout the world. People can also pursue their dreams by finding their favourite items online and either buy it or trade it with another item. E bay lets people to connect back to their childhood as they start collecting any item they want. It could be from soldiers to cars to dolls to Barbies etc. Also, E Bay allows people to "hunt" for their items. People may be cruising by a random page and suddenly see something they really want. Because everyone can create an account to sell items, it allows everyone to share their collection and start bidding for items they want.
Want more inside scoop? Click here!
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