Argomall now accepts Bitcoin and other cryptocurrencies

Filipinos just got a way to spend their crypto holdings. This spring, Argomall has become the first online retailer in Southeast Asia to accept cryptocurrencies for payment.

Entrepreneur magazine wrote recently that according to a survey by FT.com, some 2.9% of Filipinos have adopted Bitcoin, second only to the 3.3% of Indonesians. Overall, Southeast Asia’s cryptocurrency adoption rate is 2.5%.

Argomall was established in November of 2015, and since then has helping customers to shop online for their next smartphone, smartwatch, tablet, laptop, notebook, or accessories at the right price.

With their partnership with Coingate, they can now accept over 50 cryptocurrencies including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Sirin Labs, Telcoin, Nano, TRON, and others.

Argomall’s Chief Karel Holub said, “[Our] solutions now include the opportunity to pay in Bitcoin and around 50 more Altcoins because it is part of our mission and vision at Argomall to make the discovery, selection and purchase of smartphones—or any other related gadget—in the Philippines easy, while providing the best service on the Internet to our consumers.”

CoinGate Marketing Manager Veronika Mishura said this partnership with Argomall is a large step for cryptocurrency adoption, adding that this is CoinGate’s first such integration in Southeast Asia. Moreover, Mishura said using cryptocurrencies as payment for online purchases present a cheaper and faster alternative to traditional payment methods.

“Crypto-adoption among retailers is definitely what we need to strive for,” Mishura said. “When more stores accept digital currencies, more users are prompted to buy all types of goods with cryptocurrency. This is exactly what crypto-industry needs for recognition that would lead to it becoming a standard payment method along with credit cards.”

CoinGate is thrilled to have Argomall on board, she added. She hopes Philippine crypto enthusiasts won’t stay aside, and will start using this new payment method.

Related News

Blockchain Hotels—world’s first hotel chain on Blockchain

The team at Blockchain Hotels is building the world’s first hospitality option based on the blockchain. The project will surely be warmly welcomed

Read-more

GoNetwork to solve Ethereum’s pain points: scalability, mass adoption, and high cost

GoNetwork believes all problems of cryptocurrencies hinge on mobile accessibility and affordability.

Read-more

Dating Websites Accepting Cryptocurrency in 2019

Cryptocurrency’s advantages over traditional payment methods – its low processing fees, added privacy, decentralized nature, ability to prevent chargebacks – are the factors

Read-more

The Tor Project now accepts Bitcoin via Lightning Network

This month, the Tor Project announced that it would now accept Bitcoin payments via the Lightning Network

Read-more