Even though influential companies are not ready to validate cryptocurrencies as a stable form of money,
Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe. Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.
What is Bitplaza?
Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the customer.
Bitplaza is a company that innovates new technologies to make shopping with cryptocurrency, into something easy. It’s the first mobile application of its kind that allows people around the world to make a purchase online using Bitcoin as the main currency. In the time that the Bitplaza app has been on the market, it has proved to be a reliable platform for customers that use Bitcoin. It offers secure shipment of products both overseas and in the US. The security of the customers’ information is fundamental when working directly with cryptocurrencies; Bitplaza provides this security during the purchase without compromising the customer’s private data.
Impact on the Bitcoin Market and Global Retail
The initiative that Bitplaza Inc took by creating an easy app for people to spend Bitcoin has become a boost in the currency market. The reason why Bitcoin is not yet one of the standard currencies in the world is for the lack of support that it has from Central Banks and other entities. In addition to that, most retail companies claim that Bitcoin is still too volatile, and until it shows a stable price, it can’t be used as a payment method or measure for other currencies.
The statement is beginning to change with the appearance of Bitplaza, AT&T, Overstock, Dish Network and other companies adopting the currency as a means of payment. The launch of Bitplaza also marked the next step for the retail business, unifying the prices of products worldwide under the same digital currency, which is something unseen before. It allows the rise of international commerce, highlighting the possibilities of stable interest rates and making it easier to import a product that’s not local.
Advances on Bitcoin for 2020
The strength of Bitcoin grows every year, even though the many business entrepreneurs declare it as a forgettable trend and are a bit skeptical. Others argue the Bitcoin market is one of the three most essential assets as an investment for the future. Companies like Bitplaza and many others show that the cryptocurrencies are the next step on the e-commerce evolution which is not going unnoticed by the central banks, investors, and traders.
The year 2020 may be the one that will determine the future for Bitcoin and other cryptocurrencies. Different events such as the Halving on May 2020 will have an impact on the Bitcoin market, increasing the value. On the other hand, various companies are investing in creating more opportunities for Bitcoin to grow. The use of Bitcoin for shopping purposes is becoming more frequent each time around, and it can’t be ignored much longer.