Australian shoppers can now buy consumer electronics online using bitcoins, with Sydney-based DigiDeals becoming the first local e-commerce site to accept this form of payment.
Bitcoin is a decentralised digital currency first described in a 2008 paper by developer, Satoshi Nakamoto, who called it an anonymous, peer to peer, electronic payments system.
Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution.
It is accepted in trade by merchants and individuals and is being purported as the first true international currency.
"We believe that bitcoin is the currency of the future and thousands of Australians have already embraced it," said a DigiDeals spokesperson said.
"We want to provide our customers with flexible options to pay making the whole experience simpler and more pleasant for them."
Since they were invented, Bitcoins have been linked to numerous black market websites selling illegal products, namely narcotics.
But the last few years has seen the increasing legitimisation as Bitcoins become more well known in mainstream e-commerce.
According to online currency converter, CoinMill, one Bitcoin is currently worth almost AU$140.00. - http://www.insideretailing.com.au/IR/IRNews/Ecommerce-site-to-accept-bitcoins-8181.aspx
Thursday, April 25, 2013
Another Fantastic Development: E-commerce site to accept Bitcoins
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