Bitcoin can make a big impact in Africa, as the continent lacks a stable financial infrastructure in most areas. On top of that, most African countries are plagued by hyperinflationary fiat currencies, making it that much harder for people to make ends meet. Now that Bidorbuy accepts Bitcoin payments, the digital currency suddenly becomes more appealing to consumers in South Africa and beyond.
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People living in South Africa and other African countries will know the name Bidorbuy , as it is the continent’s largest online marketplace. While it may be a stretch to compare Bidorbuy with the likes of eBay and Alibaba , the platform holds a lot of value as an online marketplace and auction website for the African continent.
Considering how this platform serves over 1 million visitors on a monthly basis, and generates over 30 million page views, there is a growing interest in buying and selling goods online in Africa. That seems only normal, as there are a lot of people accessing the Internet through their mobile device. So much even that the financial industry in Africa is quickly turning into a mobile-only affair. This growth has been noticeable on Bidorbuy as well, as there are over 700,000 items for sale on the platform at the time of writing. Similar to eBay, the platform connects buyers and sellers directly, without acting as a middle man to hold onto the funds. However, a small fee is charged for listing items and successful sales of products.
Bidorbuy has been around since 1999, making it one of the oldest online marketplace and auction sites in the world today. Among the accepted payment methods are traditional offerings, such as credit […]
