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Spreading of bitcoin from South Africa to Las Vegas

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Staff writer ▼ | March 12, 2016
D Casino Hotel
Digital currencies   A number of products and services are available for bitcoin owners

People are still cautious about digital currencies but some new developments are showing good signs for bitcoin.

South Africa’s online marketplace bidorbuy.co.za announced the addition of bitcoin as a payment method through their partnership with BitX, a global bitcoin platform.

The partnership makes it easy for bidorbuy sellers to accept seamless, fast and cheap payments from millions of international bitcoin users.

During checkout, buyers on bidorbuy can select the bitcoin payment method, alongside other payment methods enabled by the seller. BitX then provides the buyer with a unique bitcoin wallet address and the real-time exchange rate, which is guaranteed for 10 minutes.

The products on bidorbuy will still be listed in rands and sellers will receive the appropriate rand amount, regardless of the existing bitcoin exchange rate.

Sellers enjoy some advantages in enabling bitcoin payments: low processing fees compared to other payment mechanisms; transactions are guaranteed and not subject to costly chargebacks; it is one of the fastest ways to make payments; and it is international, with Bitcoin available to buyers in most markets.

On the other side of the world, in Las Vegas, one of the world’s most popular gaming and entertainment destinations, over the past few years, more Vegas visitors exchange bitcoins for everything Sin City has to offer, including casinos, restaurants, limos, and hotels.

Some mainstream historic Freemont Street Vegas establishments, including Derek Stevens’ Golden Gate Hotel & Casino and D Las Vegas Casino Hotel, are enjoying greater profits as a result. It’s possible to pay in BTC at the hotel front desk, shops & facilities here and has been for over two years.

Fast food industry is also started to accept new currency. In an effort to promote itself as the world’s most Bitcoin-friendly city, Arnhem in Netherlands has added Burger King to the list of businesses both big and small that accept Bitcoin payments within city limits.

In Hungary’s capital of Budapest, the company COinPAY has partnered with one of the cities leading taxi providers, Budapest Taxi, to run 580 active cabs with Bitcoin systems. Budapest recently has begun to emerge with quite the tech scene so it makes sense that some cool new uses for Bitcoin might emerge.

And in the U.S., AutoPartsWay, a New York, N.Y.-based auto parts e-commerce retailer serving the U.S. and Canada, has become the first major auto parts online retailer to accept payment in bitcoin.

Their users can now utilize both traditional payment methods in addition to bitcoin. AutoPartsWay said its decision to accept bitcoin places it with some of the biggest names in retail, including Zappos, Amazon, CVS, and even the auto maker Tesla.


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