Leading global ecommerce and international logistics solutions provider, Bongo International, announces that they are the first in their field to accept decentralized P2P currency, Bitcoin.
“We are literally writing a new chapter in the world of Bitcoin,” Chief Technology Officer of Bongo International, Federico Lara, stated.
Bitcoin is the peer to peer decentralized currency that enables instant payments to anyone located anywhere in the world. It has no central authority, so managing transactions and issuing money are carried out collectively by the P2P network.
“Cross border ecommerce has always been a challenge. Bongo has been leading the way in international shipping. We work hard to look at every item, the laws, regulations and restrictions, to ensure people have access to everything they want from anywhere worldwide. By accepting alternative payment options, such as Bitcoin, we can level the financial playing field in much the same way we do with international shipping,” Lara explained.
The move to accept Bitcoin confirms Bongo’s innovative approach to international eCommerce. Bongo International currently supports over 60 payment options including VISA, MasterCard, American Express, V Pay, Union Pay and more in addition to the newly introduced Bitcoin.
“We are supporting Bitcoin, we think people should have the right to commerce. Our philosophy is making it equal,” concluded Lara.
More Bitcoins are circulating internationally than within the U.S. A key benefit of Bitcoins is convenience for international purchases. Bitcoins require no currency exchanges plus transaction fees are extremely low compared to bank transfer and credit card fees.
Most importantly to merchants and consumers, payment is secure and virtually instantaneous. Due to the highly encrypted nature of bitcoins, the risk of fraud and identity theft is practically nonexistent. A factor that goes hand-to-hand with Bongo International’s stance on fighting international fraud.