Tuesday, 7 April 2015

Is Bitcoin the Future of Ecommerce?

As Executive VP of Strategic Partnerships and Corporate Affairs for Payza, Firoz Patel plays an important role in setting the company's strategy. One way he's done so is by leading the charge in Payza's Bitcoin integration plans.

Firoz Patel knows that it's important to be ready to embrace new technology and advancements when they come along. Payza was one of the first e-wallet providers to allow members to buy and sell Bitcoins, but in his recent comments about Bitcoin, it's clear that Firoz Patel doesn't plan to stop there.

"The ultimate goal is to give our members a secure option to store their bitcoins in their Payza accounts, but we are working towards that goal in incremental steps. First we gave our members a way to buy Bitcoin directly from Payza, then we gave them a way to sell Bitcoin to us, that’s where we are currently. Our aim is to be able to treat Bitcoin like any other currency we deal with, that means letting members hold Bitcoin in their Payza accounts, and letting them send and receive bitcoins through our network, but we’re not there yet. That said, we have no intention of slowing down the adoption of Bitcoin services on the Payza platform."
Speaking about what's coming next for Payza and Bitcoin, Firoz Patel made it clear that the next option is to allow Payza merchants to start accepting Bitcoin payments on checkout.

Only time will tell whether Bitcoin has the power to revolutionize the internet and ecommerce the way some people believe it will, but Firoz Patel has made it clear that he is willing to explore new options for Payza and provide cutting edge service to Payza's members.

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