E-Commerce Platform Only Accepts Cryptocurrency
MegaX believes that digital currencies are the future of online shopping
MegaX Mall, which will feature items from over 10,000 brands, won’t just be adding Bitcoin and other cryptocurrencies as a mode of payment. Instead, it will make digital currencies the only way to buy items from the platform.
The online mall is an offshoot of MegaX, a Singapore-based cryptocurrency startup targeting the millennial crowd. It has its own cryptocurrency, MGX, which is the preferred payment method on the e-commerce site. The store also accepts Bitcoin Cash.
The e-commerce platform is just one of the many plans the startup has to lure in a young audience. Also slated are events where only cryptocurrency will be accepted and a hardware device for merchants that accepts both cryptocurrency and credit cards.