“The eBay of Africa” Bidorbuy Now Accepts Bitcoin Payments
That being said, it remains up to individual sellers as to what payment methods they are willing to accept. Not that there is any risk for sellers to accept Bitcoin, as Bidorbuy will take care of the acceptance and conversion to local currency. Bitcoin can make a big impact in Africa, as the continent lacks a stable financial infrastructure in most areas. On top of that, most African countries are plagued by hyperinflationary fiat currencies, making it that much harder for people to make ends meet. Now that Bidorbuy accepts Bitcoin payments, the digital currency suddenly becomes more....
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Bidorbuy, Africa’s largest online marketplace, now accepts payments in Bitcoin. The announcement came via a post on the site’s forum on March 1st, and a support post explaining how to activate Bitcoin as a payment method is now up. All Bitcoin transactions carry a transaction fee of 2.28% including VAT, however Bidorbuy explicitly encourages its use: Large potential audience. Much like eBay or Alibaba, Bidorbuy is a large online platform for connecting buyers to sellers. Merchants use the site to advertise and sell their products, and now have the option of accepting Bitcoin for either....
South African online marketplace Bidorbuy has added bitcoin as a payment option. With the announcement, Bidorbuy, which uses the same business model as e-commerce giant eBay, now allows sellers to enable bitcoin as a payment method for buyers on the e-commerce website, using processing services provided by Singapore-based bitcoin service BitX. Founded in 1999, Bidorbuy is one of the largest South African e-commerce websites attracting some 1.1 million unique monthly viewers and facilitating 80,000 sales monthly. In statements, Bidorbuy CEO Jaco Jonker emphasized that the decision was a way....
Bidorbuy, an online auction and marketplace in South Africa and among the biggest e-commerce platforms in Africa has included bitcoin as a mode of payment for users – buyers and sellers in the marketplace. Major African e-commerce platform Bidorbuy has enabled bitcoin as a payment option for product purchases, as reported by local bitcoin publication Bitcoinhub. Bidorbuy is a popular online marketplace, with over 30 million page views every month. The products that can be purchased by bitcoin would depend on the sellers activating the option of using the cryptocurrency as a payment method.....
Are Zimbabwe bond notes a scam? According to Ken Yamamoto, the latest form of currency to strike Africa’s borders is nothing more than a corrupt scheme; a frivolous attempt to steal funds from impoverished families and place them in greedy pairs of government hands. Yamamoto writes: “The people scamming you are not Robin Hoods, who stole from the rich to give to the poor. They are gluttonous perennial grabbers fattening their pockets knowing in your fear you can’t do anything.” For the most part, Africa has been a mixed bag for currency innovation. On one hand, companies like Mint have....
To eliminate the financial security issues a lot of African e-commerce users have suffered from, Bidorbuy, Africa’s largest online market, began accepting Bitcoin payments March 3. The integration of Bitcoin relieves e-commerce platforms from storing sensitive financial data on their local servers, reducing the risk of a data breach and leak of personal user information. By providing Bitcoin as one of its main payment methods, Bidorbuy aims to lead the growth of the e-commerce industry in Kenya and South Africa. Bidorbuy has more than 700,000 items listed on its online marketplace and....