A month ago Czech-o-Slovak online retailer called Alza started accepting Bitcoin as a means of payment. This was pretty huge as they are the biggest online retailer in Czech Republic and Slovakia. They sell all sorts of electronics, accesoies, etc. and they are one of the most sucessful e-shops in this region so this was pretty huge.
Image Source(direct link to img)
What did it involve?
First of all, they implemented BTC ATMs into their venues where you can change local currency to BTC (Euro and Czech Koruna) or the other way around. And that's pretty much it. That's all they had to do from consumers' perspective. Now you can pay with BTC for all their products, in person and online.
Fun fact, The BTC ATM is from a local BTC ATM maker which is also second largest in the world.
After introducng BTC acceptance, there appeared a new section in the e-Shop dubbed "For Mining", a whole section that lists components suitable for mining crypto-currencies. Clearly, they want to captrure the hype, they are smart.
And also, now you can buy a Tesla car from them, too. Which you will get instantly and you can of course pay with BTC.
How is it going for them so far?
They already made few millions of transactions in BTC within a month and they say that this was one of the best decissions they ever made as it increased their revenue, too, making it also faster to process payments and brought lots of foreign customers. Apparently 52 % of the transactions were made by foreign customers.
I think this is huge as it can lead other retailers to start accepting BTC. @essra posted today about a petition he found to make Amazon accept BTC and LTC. Well, this can be an extra persuasive point as it clearly helped Alza.
Already BTC and crypto-currencies and whole crypto-scene is pretty significant in Czech Republic but with this it pushes it more into the eyes of a regular customer as everyone uses Alza here, even your average grandma. This will surely make cryptocurrencies even more popular here. So what would happen if a giant like Amazon started to accept BTC?
If you want to know how I modify my Images with a quick copy-paste, check out my post about a tool I created
About the Author;
Hi, I am Joe and I love freedom.
Freedom of all sorts, social, financial, emotional, physical, freedom from your stuff or place.
My biggest passion is to show that it is possible to live life being free, work towards my freedom, and help others obtain their own versions of freedom.
I also love exploration and experimentation (of all senses).
My articles are about all of this (Freedom, exploration, experimentation)
as well as my own transparent and authentic experiences.