South African Online Marketplace Adds Bitcoinasa Payment Technique
Bidorbuy.co.za, a South African online marketplace, today revealed the addition of bitcoin as a payment technique through its collaboration with worldwide bitcoin platform BitX. The alliance will enable bidorbuy sellers to accept seamless, fast and low-cost payments from millions of worldwide bitcoin users.
Launched in August 1999, bidorbuy.co.za brings purchasers and sellers together to trade almost anything through online auctions and repaired price sales. It is the biggest site of its kind operating in South Africa.
Our company believes it is essential to offer our purchasers and sellers with an option of payment techniques, said JacoJonker, bidorbuy s CEO. Bitcoins are hassle-free and easy to use and although reasonably new, the virtual currency has a lot of growth potential. Our partnership with BitX is an essential part of our efforts to constantly provide the current, ingenious options to our users.
In addition to other payment techniques made it possible for by the seller, buyers on bidorbuy will get the alternative to choose the bitcoin payment technique during checkout. BitX then supplies the buyer with a distinct bitcoin wallet address and the real-time exchange rate, which is ensured for 10 minutes.
The buyer and seller both receive instant notice of a successful payment and the funds right away get transformed from bitcoin to rands, which the seller then gets in their bidorbuy account.
The products on bidorbuy will still be listed in rands and sellers will receive the appropriate rand amount, no matter the existing bitcoin currency exchange rate.
"We`re excited to support bidorbuy`s aim making their service easily accessible to more African and international consumers and to be on the leading edge of innovation. This combination is also a huge milestone in regards to opening the larger bitcoin ecosystem in Africa, and must have a strong favorable effect on the more comprehensive industry, said BitX CEO Marcus Swanepoel.
BitX, established in early 2013, intends to make money smooth and generally accessible. It is constructing an open global monetary platform, leveraging the most optimum technologies offered, consisting of the blockchain.