Bitcoin payment solution is emerging as a popular method for customers, understanding the requirements, Southeast Asian payment gateway Coda Payments has entered into a partnership with BitX. Under the latest partnership between the two firms, Coda Payments will enable customers pay Bitcoin for the online transactions.
Nonetheless, the decision is expected to gather a large number of customers from countries like Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore. Thus, Coda Payments which has been accepting Bitcoin as a payment method in Indonesia and Malaysia is now expanding to the new regions to make digital currency popular.
Bitcoin Helps Clients and Customers Both in Fast and Efficient Transactions
It appears the latest agreement with BitX from Coda Payments will also help it in acquiring more merchants in other countries, as the Singapore-based BitX provides real-time conversion between Bitcoin and local currency and enables merchants to have the option to accept payments either in local currency or Bitcoin.
The announcement from the company says that through the partnership, merchants can file change requests in local currency and receive payments in local currency. Additionally, as Bitcoin is already available to customers in Indonesia and Malaysia via Codashop, Coda’s in-house online gift card and game voucher distribution platform.
Coda Aims to Acquire New Merchants Providing Efficient Payment Solution
The ambitious plan to obtain new customer and client base came to BitX-Coda when it realized that Bitcoin has huge potential. The partnership will enable the company to focus on acquiring merchants, as well as further developing integration and settlement aspects of their service. This indeed is being lauded by the company as a great success.
Talking about the entire development Neil Davidson, CEO of Coda said that the low transaction fees and universal accessibility of Bitcoin will position it as an attractor for merchants, relative to the other payment options on the market. The entire region of East Asia has huge potential for Bitcoin as even governments are not averse to the revolutionary financial technology.
Davidson was quoted saying that given the low penetration of debit and credit cards in the region, he thinks Bitcoin holds great promise as a way for customers to transact online. Additionally, as Bitcoin presents strong opportunities to mainstream businesses, the two companies are playing their roles in formulating amiable atmosphere.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org