Post
Topic
Board Economics
Re: Will E-shopping sites ever accept bitcoin?
by
davis196
on 20/07/2025, 10:16:22 UTC
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.

The question is "will the investment in implementing cryptocurrency payments be covered by an increase in the overall revenue?". If the answer is NO, why would any e-shopping site accept crypto payments? Even if an online shopping site accept crypto, will there be enough people willing to spend BTC on online purchases? I think that the answer is NO. Also, assuming that crypto payments are non-refundable, while fiat payments are refundable, do you really believe that the people would prefer a non-refundable payment method over a refundable payment method for online purchases? I think that the answer is obvious.