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.
There have been trials with even big shopping sites and just look at payment processors like Paypal that allowed you to store Bitcoin (don't know if they still do?) which could be converted into usable funds if I recall. However the customer is often very price conscious and that also requires stability in the value of a currency. Currently Bitcoin still seems to be in a speculation stage which brings higher than average volatility in it - swings of 10% up and down in a single day are not uncommon. But look at the US dollar and you will not see similar swings. It makes sense that people are currently holding Bitcoin as an asset comparable to gold and I don't try to trade my gold at the local superstore, I keep it in a safety deposit box because I think it's going to go up in value substantially over the long term.