Bitcoin which is a digital currency is fast becoming a means of payment. However, many people are yet to embrace it. Regardless, this has not deterred Shopnow.ng as it prepares to become Africa’s first online store that accepts Bitcoin (digital currency) as the only means of payment. Shopnow.ng is set to launch the first and affordable online store where Bitcoin can be traded for goods and services and exchanged

Shopnow.ng is set to launch the first and affordable online store where Bitcoin can be traded for goods and services and exchanged in ease in Nigeria.

In a statement Shopnow.ng said: “Digital currencies are finding their way into the market and every day a lot of people see them as an opportunity to store wealth and exchange value. Bitcoin is becoming more popular in Nigeria and today the country has the highest volume of Bitcoin transactions in Africa and according to google trends, Nigeria is the country that searches the word “Bitcoin” the most on google.com in the whole world.

“Exchange companies have emerged to help Nigerians convert their Bitcoin to Naira and vice versa but there is a need that is yet to be met, there is a gap that needed to be filled and Nigerians need to be able to trade with their Bitcoin directly without having to convert it to Naira, Nigerians should be able to top-up their mobile phones and pay with Bitcoin without having to convert to Naira. This need, this gap, this vacuum is what Shopnow.ng has come to fill.”

The company added that the website will not only be responsive, easy to use and very accessible but will have special features that will include on-site live support, mobile app that will allow customers shop on the go and a page dedicated to enlightening people about Bitcoin and its importance, making it easy for people to understand the new currency and subscribe to it.

The event will be launched on Saturday, July 29, 2017, at Ruby Hall (2nd floor) 103 Allen Avenue Ikeja, Lagos with the themed, ‘Redefining Online Shopping in Africa’.