Hi everyone,
William here!
Over the last few weeks, we created a website called
bitbargains.io, which aims to offer a deal/coupon site, but for only stores that accept bitcoin or other crypto currency.
The reason why we created this is because as most of us agree, crypto use will be a key driver for mainstream adoption, and right now, there are a growing number of places where you can use your bitcoin, most charge a high fees (even though the merchant might actually save on their usual mastercard/visa fees etc). I don't know if this is due to the payment gateways, or the merchants themselves.
We have reached out to alot of merchants over the last few weeks and have received a very response, we now have around 10 merchants who have setup coupons specifically for bitcoin users, from $5 cashback to 15% off all orders.
Would love to get some feedback from the community here. As well as if you have any suggestions on new merchants to add, or maybe you are a merchant yourself and would love to add your business to our site.
It's still early days, so looking forward to growing the site.
Will
Thanks for your post, Will. Your results were very encouraging, but I was wondering if you could provide some additional quantitative data. For example, you mentioned that 10 merchants have set up coupons for bitcoin users. You cite a couple of examples, but it would be really interesting if you could supply some additional detail on the other discounts or coupons being offered and correlate those offers with results. In other words, has your analysis indicated whether there is a threshold amount of discount needed to entice purchasers? I would like to see a graph of data showing the relationship between the level of incentives and the volume of customer purchases. The more quantitative data the stronger the arguments for using crypto get.
