The South African electricity supplier will increase bitcoin payment option
South Africa online market Bidorbuy has added bitcoin in payment options.
Bidorbuy and e-commerce giant eBay using the same business model, with the issue of this announcement, the company has now allowed sellers to provide bitcoin payment to the buyer on the e-commerce site, and the processing service system is provided by the Singapore based bitcoin BitX.
Bidorbuy was founded in 1999, is one of South Africa’s largest e-commerce site, attracting 1 million 100 thousand visitors and 80000 transactions per month.
In a statement, the chief executive of Bidorbuy JacoJonker stressed that the decision is a website to provide customers with more payment options.
“We think it is important to provide payment options for buyers and sellers. Although bitcoin is relatively new, but is very convenient and easy to use, this kind of virtual currency has a great potential for growth.”
South Africa has witnessed bitcoin applications in the field of electronic commerce more and more, the payment gateway PayFast in 2014 in cooperation with BitX, virtual currency payment for the tens of thousands of businesses.
BitX CEO MarcusSwanepoel said he believes bitcoin payment will help to promote the application of digital currency in Africa in electronic commerce.
He said: “this is an important milepost, to help Africa develop a broader bitcoin market, will also have a positive impact in many other areas.”