Yes, it can be used for ecommerce.
However, you will need to install a WordPress plugin to handle the ecommerce functionality.
The 3 best ecommerce plugins are:
WooCommerce is the most comprehensive solution, with many extensions which customise the ecommerce functionality.
If you intend on selling a large catalogue of products, stay away from cheaper hosting which will probably slow down or break your website and instead get fast & premium Australian web hosting.
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