ForexMinute.com — Australian Bitcoin Exchange Igot today announced to launch its very own payment processing solution services, a step that would put its name before the online merchants around the world.
The step has also placed Igot in the lines of celebrated Bitcoin payment companies like BitPay and Coinbase, both occupying a fair share of the digital currency market. However, being among the only renowned companies from Australia to actually initiate Bitcoin payment services could have its advantage; so do states the Igot’s founder Rick Day.
“Accepting bitcoin through Igot has multiple advantages for merchants. Perhaps most importantly, bitcoin is a free marketing tool that is likely to increase overall revenue. This is a win-win situation for merchants and the bitcoin community.”
One other factor that could help Igot steal its counterparts’s limelight is its availability in highly populated zones like India and China, alongside 38 other countries whose merchants will be able to transact 10 different fiat currencies. Nonetheless, the Oz company has also launched an attractive offer for merchants that offers them a $500 bonus if they reach $25,000 worth of Bitcoin payments within the first 90 days of signup.
It would however still be difficult for Igot to capture an already-occupied territories of BitPay and Coinbase, both of whom are actively offering their services throughout the US and Europe. It however could place itself forth within the Australian sector, considering the regulations there have also been bailed out. The company’s preset presence in this region would surely help it generating a stronger consumer base.