Bitso Reaches to the Mexican Market, Launches e-commerce platform and POS system

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Bitso Reaches to the Mexican Market, Launches e-commerce platform and POS system

Launching its e-commerce platform and point-of-sale (POS) system, Bitso is reaching to the customers in Mexico. With the latest decision the company is aiming to cash in the huge potential available in the local market. The merchant solution includes an API for e-commerce companies that want to integrate a shopping cart interface.

The shopping card interface according to the company enables customers to pay with Bitcoin at checkout as quickly and easily as they could with traditional payments options like MasterCard, PayPal and Visa. Thus, it is not just going to be easy but fast as well for the customers who are using Bitcoin as a mode for payment.

The chief executive of Bitso Pablo Gonzalez said that while his company still caters to traders, it just makes sense to plug BitsoPagos into the same market and attract Mexican merchants. He also added that a number of merchants interested in accepting Bitcoin have approached Bitso in the last year.

He further added that there has not been a service that allows them to accept Bitcoin and quickly convert them to Mexican Pesos. Elaborating the plan exhaustively, he said that to him his company settles fiat with Mexican traders in minutes using the SPEI system and it can do it with merchants as well.

The Acceptance of Bitcoin is Gaining Pace

Nonetheless, Both the BitsoPagos cashier and e-commerce tools connect into the Bitso exchange market. There are no merchant fees required to use the service. The company informs that it is offering a POS product for high-street retail shops and boutiques and both the cashier and e-commerce tools connect into the Bitso exchange market.

In the interaction with the press he said that the company is focusing on e-commerce with its number of merchants already signed up and using the POS system. He says that the company is more excited about the potential its e-commerce plugin will have for the global Bitcoin economy. The digital currency is being accepted by a large number of businesses now.

Gonzalez is of the view that the brick-and-mortar solution is great for users that already have some Bitcoin and want to spend it somewhere and according to him it is as convenient as using cash when making a payment; it is also a great advertising for Bitcoin.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com