Africa's Largest Online Marketplace Bidorbuy Adds Bitcoin Payments
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....
Related News
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.....
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....
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, 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....
Yesterday, an exciting partnership was created that would enable the creation of the largest Bitcoin marketplace to date - BitDazzle. The collaboration between Cashie Commerce and Coinbase will make it possible for any small business to maintain an online marketplace, while reaching an exponentially growing population of Bitcoin users. The breakthrough means big things for the online marketplace. How Bitdazzle works: BitDazzle works the same as any online marketplace. When you visit the site, the consumer will unveil a vast marketplace of digital and physical goods. Consumers search....