Craiglist has started to enable its sellers and merchants to accept Bitcoin and other cryptocurrencies as an official payment method. Craigslist, the US-based classified advertisements platform, has perhaps inadvertently given a sneak peak of its intention to allow sellers to accept Bitcoin and other cryptocurrencies as an official payment method.

On December 8, a member of an online Bitcoin community discovered that the Craiglist product and service listing page for merchants included an option entitled “Cryptocurrency Ok.” The exact timeframe in which the Craiglist development team intends to fully integrate support for Bitcoin and other cryptocurrencies remains unclear. Given that the company has not provided any public statement in regards to its cryptocurrency payment option makes it likely they will conduct a pilot test first.

If successful, they could roll out a full integration of Bitcoin in the long-term, like Square. Craigslist is the 106th most popular web-based platform according to Alexa, and is significantly larger than other widely recognized web-based platforms such as Yelp.

As such, the integration of a cryptocurrency payment method by Craiglist demonstrates the optimism and enthusiasm of merchants toward Bitcoin. Other payments-focused cryptocurrencies could benefit as well, particularly those with low fees like Litecoin and Dash.

On November 9, Nikkei and CNBC co-reported that 4,500 merchants in Japan have already started to accept Bitcoin since mid-2017, and the number of Bitcoin-accepting merchants will likely increase to 22,500 by year-end. Globally, an increasing number of merchants are starting to accept Bitcoin, especially for medium to large-size payments.

In mid-2017, Bic Camera, Japan’s largest electronics retailer, along with major airline Peach and budget hotel chain Capsule, integrated Bitcoin as a payment option at all of their locations throughout the country. Bic Camera’s integration of Bitcoin led to mainstream media coverage, triggering a number of other merchants to adopt Bitcoin as well. Read more from cointelegraph.com…

thumbnail courtesy of cointelegraph.com