Amazing Results From a Retailer in Australia That Started Accepting Bitcoin 6 Months Ago
The Australian online shop for consumer electronics, Millennius, has shared some amazing results with us today. Millennius that started to accept Bitcoin 6 months ago says that Bitcoin buyers are now their most valuable customers. Bitcoin purchases have surpassed purchases in AUD and keep gaining traction. Millennius was the first Australian online retailer that started to accept Bitcoin and Litecoin in June 2013. Their first data from six months with Bitcoin and Litecoin transactions shows that Bitcoin is by far the most popular cryptocurrency. Millennius founder Pierre Boutros says: “We....
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Scan Computers has started accepting bitcoin payments, making it the first major PC retailer to accept the cryptocurrency in the UK. Scan is a bit more than your average PC retailer. It is a big player in the channel, it is one of the biggest sellers of high-end computers in the UK and it builds a range of pre-overlocked rigs for enthusiasts. A crypto love affair. Since it caters to a geeky user base, Scan quickly recognized that digital currency was an interesting trend to cash in on. As a result, the retailer decided to start selling mining rigs under its own 3XS brand. So far, the....
It seems Hong Kong's goo-filled ASIC mining facilities and jazz-playing cigar bars have at least one thing in common: bitcoin. Australia's largest premium cigar retailer, Brisbane-based Fine Cigars Australia began accepting the currency after receiving several email requests from customers. The company's general manager, Matthew Mroczek, said he and the company were already comfortable with bitcoin by that stage. Fine Cigars Australia accepts bitcoin directly into a personal wallet without using any payment processor, and even uses bitcoin at stages further up the supply chain. "We have....
In late October, there was a brief mention of retailer Overstock.com in a New York Times piece that noted the online retailer was considering accepting bitcoin, but decided they would put a hold on that objective (partially due to the fact that bitcoin is still a 'gray area' in terms of financial law). It would appear that Overstock is once again revving their engines on that front, with the company telling newsBTC that they plan to begin accepting bitcoin in the second half of 2014 - making them the first big retailer in the space to do so. The announcement comes directly from....
Mexican retailer Grupo Famsa, a large household and consumer appliance store has, with a partnership with BitPay, started accepting bitcoin. Grupo Famsa, a retail company with revenues of nearly USD $1 billion in 2014 has now started accepting bitcoin as a mode of payment in its online retail store. Headquartered in Monterrey, Mexico, Grupo Famsa also retails furniture, clothing and other consumer products along with electronics and household appliances. The retail chain currently operates 421 stores across 78 Mexican cities and 37 cities in the United States. The news was shared by....
Will the adoption of Bitcoin by large retailers have an impact on the transaction volume? The range of products that can be bought with Bitcoin has grown significantly since the beginning of 2014 as more and more large online retailers have followed their customers’ demands to start accepting Bitcoin payments. In the early days of 2014, Overstock started accepting bitcoins as a form of payment. After the Chinese central bank prohibited financial institutions from processing Bitcoin transactions, it came in as good and refreshing news for the cryptocurrency. A few days later, TigerDirect....