Avalancha Opens Online Store to Argentina's Bitcoin Shoppers
Argentina-based e-commerce company Avalancha has announced it will now accept bitcoin through a new strategic partnership with bitcoin merchant processor BitPagos and Latin America-focused bitcoin exchange Bitex.la. Avalancha, which launched in May, aims to provide Argentinian consumers with a convenient buying option for electronics and home appliances, and it sees bitcoin as a key investment that will help it better serve its growing customer base. Miguel Klurfan, CEO of Avalancha, told CoinDesk his company is focused on giving online shoppers a greater degree of convenience, and that....
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Argentina has long been looked to by bitcoin enthusiasts as a fertile area for consumer adoption due to the unstable nature of the country's native currency, the Argentine peso. Still, while a growing number of Argentines are using bitcoin as an alternative store of value in a time of economic turbulence, the country has yet to see many merchants capitalize on digital currency's rising popularity in the region. BitPagos, the country's leading bitcoin merchant processor, for example, reports it has enrolled just 600 merchants to date. By comparison, major US processors such as BitPay and....
Despite the large concentration of Bitcoin and other cryptocurrency related activities in China, a new report suggests that a tiny proportion of online shoppers in the world’s most populated country use the top digital currency. The study, based on a 20-minute digital survey with a nationally representative sample of 1,000 online digital shoppers ageing 18+ in the U.S. and China, conducted between Sept. 19 and Oct. 12, 2016, says credit cards, online payment services and mobile wallet still tops the list of the most used online payment method by device among US and Chinese shoppers....
Savvy seasoned shoppers know to skip the black friday shopping mayhem for the relaxed comfort of shopping from their home on cyber monday. Cyber monday is the day online shopping skyrockets through the roof. According to Adobe Systems 2013’s Cyber Monday saw an increase of 16% from 2012 to an astonishing record $2.29 Billion in sales. (USA Today) This year, shoppers will not have to wait for Cyber Monday to get crazy discounts on their online purchases. With bitcoin, shoppers can save up to 25% shopping online with Amazon starting NOW. That’s right, anything you can buy on Amazon, you can....
Through a partnership with Uruguay-based remittance company, More Money Transfers (MMT), Latin American Bitcoin exchange Bitex.la has 19 agents in Argentina and one in Chile who will now sell bitcoin. Providing services for the non- or underbanked in emerging markets has been regarded as a powerful use case for bitcoin, especially in Argentina. The country's high inflation and strict economic controls have led many to believe bitcoin as currency and a payment network could succeed there. According to a company spokesman, Bitex.la had that in mind when they were planning the branches. The....
Workers in Argentina may be able to receive pay in BTC and store their wealth without fear of inflation.