Bidorbuy, Africa's Largest Online Marketplace, Accepts Bitcoin Payments

Bidorbuy, Africa’s largest online marketplace, has announced it will now accept Bitcoin payments.

Bidorbuy explained in a post on its website forum how to activate the Bitcoin payment option, and that all Bitcoin transactions are subject to a 2.28% fee, including VAT.

Bidorbuy encourages sellers and buyers to accept Bitcoin payments:

“We hope that sellers will offer Bitcoin as a payment method. Bitcoin payment is risk-free and allows you (sellers) to reach a wider consumer base.”

Large potential audience

Like eBay or Alibaba, Bidorbuy is a large online platform that connects buyers and sellers. Sellers use the Bidorbuy site to advertise and sell their products, and now sellers can accept Bitcoin as a full or partial payment option. Bidorbuy receives more than 20 million views per day, and this, coupled with the site's active encouragement, may drive widespread Bitcoin use in South Africa.

According to Bidorbuy, about 20% of the sellers using the site use it as their main source of income. This means that if consumers pay with Bitcoin, these sellers must accept Bitcoin as part or all of their income. This has an important role in promoting the development of Bitcoin in Africa.

Original article: http://cointelegraph.com/news/africas-largest-online-market-takes-bitcoin
By Joël Valenzuela
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information (http://www.8btc.com/bidorbuy-bitcoin)