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Virtual currencies and e-commerce
Christian Jaag presented the research paper «The Effect of Payment Reversibility on E-commerce and Postal Quality» at the 8th Bi-Annual Postal Economics Conference of the Toulouse School of Economics. The irreversibility of payments in virtual currencies shifts the risk of e-commerce from merchants to consumers. Under certain conditions, this strengthens online retailers in competition with brick-and-mortar stores as well as incentives for postal quality.