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Author Topic: [2014-06-09] CD: Malaysian Online Retailer Accepts Bitcoin, Won’t Convert to Fia  (Read 605 times)
LiteCoinGuy
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June 09, 2014, 09:59:37 AM
 #1

Malaysian Online Retailer Accepts Bitcoin, Won’t Convert to Fiat Currency

http://www.coindesk.com/malaysian-online-retailer-accepts-bitcoin-wont-convert-fiat-currency/

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bryant.coleman
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June 09, 2014, 10:19:01 AM
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This is good for everyone. Retailers in Malaysia gains, as they can now shop with Bitcoins. Bitcoiners everywhere else also gains, as the coins used for shopping will be taken out of trade, thereby increasing the Bitcoin exchange rate.  Grin

kjlimo
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June 09, 2014, 06:24:34 PM
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This is good for everyone. Retailers in Malaysia gains, as they can now shop with Bitcoins. Bitcoiners everywhere else also gains, as the coins used for shopping will be taken out of trade, thereby increasing the Bitcoin exchange rate.  Grin

Amen!  to da moon

We'll see how long before a country starts to embrace bitcoin as a currency.

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Ron~Popeil
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June 09, 2014, 07:23:01 PM
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Now if they can convince their suppliers to do business in bit coin as well we are getting somewhere.

okthen
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June 09, 2014, 09:27:16 PM
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Now the only thing we need is people with the same balls as this guy.
He'll make much more money than if he'd sell for fiat.
kjlimo
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June 10, 2014, 01:06:39 AM
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Now if they can convince their suppliers to do business in bit coin as well we are getting somewhere.

What do you think this is, 2016?

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
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Ron~Popeil
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June 10, 2014, 02:12:31 AM
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Now if they can convince their suppliers to do business in bit coin as well we are getting somewhere.

What do you think this is, 2016?

 Cheesy Sorry I am getting a bit impatient.  Grin

bryant.coleman
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June 10, 2014, 04:49:15 AM
 #8

Now if they can convince their suppliers to do business in bit coin as well we are getting somewhere.

The owner (Mart Tang) is investing in Bitcoins. So it will be to their advantage if a large number of their customers shift to Bitcoin, there by increasing the exchange rate.  Grin

erono
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June 10, 2014, 05:13:19 AM
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The CEO of Malaysian Online Retailer has been a big time supporter of bitcoin for a long time and he's able to absorb the risks.

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June 10, 2014, 06:57:13 AM
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Now if they can convince their suppliers to do business in bit coin as well we are getting somewhere.

What do you think this is, 2016?

 Cheesy Sorry I am getting a bit impatient.  Grin

I forgive you... you know what they say "Rome wasn't built in a day" Cheesy

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
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June 10, 2014, 07:25:41 AM
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Now if they can convince their suppliers to do business in bit coin as well we are getting somewhere.

What do you think this is, 2016?

 Cheesy Sorry I am getting a bit impatient.  Grin

I forgive you... you know what they say "Rome wasn't built in a day" Cheesy

Actually I should be patient, it will be a lot harder to come by as the value rises.

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June 10, 2014, 12:39:13 PM
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They are surely brave compared to other retailers who are actually taking fiat. What is the size of the BTC market there though?
bryant.coleman
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June 10, 2014, 01:53:25 PM
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They are surely brave compared to other retailers who are actually taking fiat. What is the size of the BTC market there though?

The Bitcoin sector in Malaysia is quite small, but very active. There are multiple Bitcoin ATMs located in Malaysia, and the so-called Bitcoin capital of Asia (Singapore) is just across the strait.

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