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Timothy Stranex, co-founder of South African Bitcoin exchange BitX, believes Bitcoin could be the first online payment method available to many people given the low credit card penetration, while he also expects uptake from merchants wishing to accept payments from foreign customers.
Move over cash, credit, and debit cards... there's a new payment method available.
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Earlier this week it announced the global rollout of its smart payment buttons that are aimed at taking the confusion out of all the different payment methods available online.
"A merchant's choice of payments partner is increasingly being driven by the ever-expanding range of locally relevant payment methods available," said Arnold Goldberg, vice president of merchant product and technology, PayPal, in a statement.
"This partnership extends our offering of payment methods available on Banco Santander's platform globally, and strengthens our position as the leading bank for SMEs," noted Jorge Alfaro Lara, deputy general director of payment systems at Banco Santander Mexico, in a statement.
We've found that in the last year merchants selling to European shoppers have missed out on €1.3bn in potential sales because of customers abandoning their purchase due to their preferred payment method not being available.
You can also click on "Change" under the Payment Method option to use available points.
The available payment method varies depending on your region.
Traditional payment methods are still available as well.
To be sure, Apple Pay is currently available only for American Express cardholders in Singapore, while Samsung Pay has been available as a payment method for bus and train fares since the end of March.
PayPal has additionally made deals with Facebook, in its Messenger app and the third-party e-commerce bots its supports, and it already had a deal with Google to be available as a payment method in Google Play.
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