Place/Date: Vilnius, Lithuania - October 3rd, 2018 at 8:02 pm UTC · 3 min read
Contact: Aivaras Isajevas, TheBigCoin CEO, Source: TheBigCoin
As cryptocurrency sees new everyday applications, one of its core uses, buying online in popular digital currencies like Bitcoin and Ethereum, keeps gaining traction.
This week, a leading cryptocurrency shopping platform TheBigCoin announced that it had broken a significant milestone in crypto-shopping. Well over 6,000 customers have placed their orders through TheBigCoin platform over the last 12 months, choosing to pay for their purchases in cryptocurrencies, constituting over $300,000 worth of purchases.
Isajevas, CEO of TheBigCoin believes that;
“This is a significant breakthrough that shows people are serious about making online purchases in cryptocurrencies. It means that not everyone looks at digital currencies only as an investment. Many of our customers actually prefer to use cryptocurrencies for everyday online purchases – they say it’s quicker, safer and more convenient for them. And that’s the way cryptocurrencies should be used.”
In 2017, TheBigCoin recognized that one of the biggest roadblocks preventing more people to use their cryptocurrencies in everyday purchases is limited support by the retailers.
Mr. Isajevas explained that;
“Very few retailers support cryptocurrency purchases by today’s standards. If we want cryptocurrencies to at least partly replace our day-to-day transactions, there needs to be a developed infrastructure where people can pay in digital currencies.”
The platform works as the middle man for cryptocurrency shopping online: first of all, the customer gives detailed specifications of the product they want to buy and deposits cryptocurrency of choice on TheBigCoin’s website; the platform’s representatives then proceed to purchase the product in fiat currency, and deliver the product to the original buyer, thus enabling crypto-shopping for virtually any product in any store.
Currently, TheBigCoin supports payments made in Bitcoin, Ethereum, Litecoin, Dash and Monero, but they’re voicing plans of adding new cryptocurrencies in near future, depending on demand.
Mr. Isajevas continues;
“Due to relatively high volatility in the cryptocurrency market, you never know which digital currencies will be more popular for online purchases. That’s why we’re just staying to the currencies that we know for a fact customers want to use for online purchases today. But, if we see that another currency experiences a stable rise in popularity, we’re ready to add it to our platform,”
The CEO of TheBigCoin says they don’t recognize any particular trends among their customer base. People are buying all imaginable products through their platform – from appliances and clothes to car parts and pool tables.
TheBigCoin is a global cryptocurrency shopping platform which enables people from all over the world to buy products from over 50,000 retailers (including Amazon and Walmart) in 5 popular cryptocurrencies – Bitcoin, Ethereum, Litecoin, Dash and Monero.
Disclaimer TheBigCoin is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.