We support the use of crypto. Currently we have the payment option to pay with Monero which you can choose during checkout. We will be providing Bitcoin, Doge and many others in the future. We will implement a “no middle man” policy with crypto payments, meaning your payments will be directly to us with full means to track your transactions.
Something I have seen specifically in South America, Bitcoin and other cryptocurrencies are now in the public domain of everyday users. One reason is a lack of access to the traditional banking system. A 2014 study by the World Bank found as few as 49% of Latin American adults had a bank account, largely due to the complex bureaucratic process and costs involved. This is becoming easier in 2021, however the majority of people have access to a smartphone or computer meaning it’s easier for them to manage certain financial transactions through Bitcoin and alt-coins rather than a bank.
Furthermore, substantially fewer Latin American adults have a credit card so everyday payments are typically made with cash. In some countries the national currency is so inflated, cryptocurrencies are filling the gap by acting as a secure online alternative for both small and large transactions. They would also hold more value due to the high inflationary fluctuations. Conversely, credit cards are already well established in more developed countries which explains why high-fee cryptocurrencies have failed to take off as transactional currencies in the Western world. Cryptocurrencies with low transaction fees and fast networks are optimal for daily transactions.
We would love to get your take on cryptocurrencies and their use for transactions. For now Monero is our crypto option, in addition to fiat of course. Major credit cards and PayPal.