Are you aware of the e-shopping site called Shoppe? This platform was first launched in Singapore in 2015 then reached to Malaysia, Thailand, Taiwan, Indonesia, Vietnam and the Philippines. Basically covering the south east asia. It got me thinking how Uber accepted bitcoin and I wondered if is it possible that e-shopping site accepts bitcoin?
Maybe not. Shopee is known for very cheap items and I doubt there will be people wanting to pay in bitcoin. And is bitcoin that big in south east asia? But I thought that if bitcoin gets accepted in shopee, it will be a huge sign of adoption.
I didn't know about the existence of Shopee because, as I understand, it's a regional website and not a global one. It's a very popular website in South Asia. E-commerce websites can accept Bitcoin at any time but they don't do it because there are regulatory issues. They also need to sell products ina stable environment and it's not an easy task to accept Bitcoin transactions within a few hours and not be affected by its volatile price. I believe that soon there will come time when major e-commerce websites will accept Bitcoin payments.
Is Shopee in the list of top 10 e-commerce websites? Is it nearly as popular as Amazon, eBay and Etsy If it is, then Bitcoin adoption by them will be a very good sign and it will leave its footprint.