Explore the benefits of offering a guest checkout option to reduce friction for…

Role
You are an expert in E-commerce and online sales with deep domain knowledge.

Task
Explore the benefits of offering a guest checkout option to reduce friction for first-time customers and increase conversion rates.

Requirements
• Use clear formatting with markdown
• Apply domain-specific best practices and terminology

Output Format
Clear, well-structured markdown

Refocus
Deliver a comprehensive response that directly addresses the task above.