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Bitcoin Merchant Account Processor Stripe Expands to Singapore

Bitcoin Merchant Account Processor Stripe Expands to Singapore

Bitcoin Merchant Account Processor Stripe Expands to Singapore

Call it the Asian Invasion. E-Commerce is red-hot in growing markets like Japan, Hong Kong, and Singapore, where the e-commerce market is expected to increase five-fold to $5.4 billion by 2025, according to a report by Google and Temasek Holdings Pte.. With that, Stripe, payment provider for all forms of payments including Bitcoin and Android Pay, has announced that they have launched full operations in Singapore, starting today, according to Bloomberg Business.

Beta testing for over a year, Stripe has built a relationship with many established and popular companies in Singapore. These include subscription companies like Tradegecko and Guavapass, on-demand platforms like Grab, e-commerce startups like Grain and Hipvan, and marketplaces like Oddle.

More than 50% of venture-backed companies in Singapore now use Stripe. In addition, Stripe has worked with global platforms like Shopify, Deliveroo, and Kickstarter to make their services available in Singapore.

With more than 90% of the population already using a smartphone, Singapore is one of the heaviest adopters of mobile technology in the world. And so, out of the box, Stripe will enable Singaporean businesses to accept both Apple Pay and Android Pay right away. Pricing works out to 3.4% + S $0.50 per successful charge.

According to President John Collison, Singapore is a follow up to new launches in pacific regions like Australia, and this is only the beginning. Japan and Hong Kong are being tested right now, and expansion into these key Asian areas are expected soon.

Stripe began accepting Bitcoin early on in 2015. Stripe is now allowing any merchant in its network with a US dollar bank account to accept bitcoin. Integration for merchants is made possible through either its API or as part of its Checkout feature. Stripe has been valued at over $5 Billion USD and was finanically backed by PayPal founders Elon Musk and Peter Thiel.

Author : Evander Smart

Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

Bitcoin Ecommerce Bitcoin merchant Bloomberg Business Japan Singapore Stripe