Billion Dollar Mexican Retail Company Famsa Accepts Bitcoin

Billion Dollar Mexican Retail Company Famsa Accepts Bitcoin

Grupo Famsa, one of the largest household appliance-, electronic products- and consumer products-focused retail company in Mexico has begun accepting bitcoin payments with a partnership with BitPay, a leading bitcoin payment processor. Mexican bitcoin exchange Bitso shared the news on its Facebook page :"Now, customers can buy directly in Famsa with....


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Mexican Retailer Famsa Starts Accepting Bitcoin

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....

Mexican Retailer Famsa Integrates Bitcoin

Comments added from Alberto Vega, BitPay's Regional Manager for Latin America. Latin American e-tailer Famsa is now accepting bitcoin for online purchases. The chain, founded in 1970, sells a variety of consumer goods and electronics across Mexico and the US. It is processing transactions via Atlanta firm BitPay. The news follows last month's announcement from MercadoLibre - the 'eBay of Latin America' - that it would integrate bitcoin, and a deal between Mexico's BitPagos and Entrepids to allow e-commerce stores to accept the currency. Alberto Vega, BitPay's regional manager for Latin....

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Coinbase co-founder Fred Ehrsam didn't hesitate to set lofty goals for his company entering 2014, as he quickly predicted his company would enroll no less than 10 billion-dollar businesses in its services before the year's end. It was a bold claim for the bitcoin merchant processor. At the time, Coinbase had enrolled just one billion-dollar merchant, Overstock.com, and despite enthusiasm that more would come aboard, months would pass without another major announcement. Then, just as quickly, the company's stable of major names expanded. In late May, the second billion-dollar merchant....