Virtual CoinBox, an on-line marketplace that uses bitcoins and PayPal, is up and running
Innovative website provides new shopping opportunities for buyers who want to spend bitcoins, dogecoins and litecoins.
It’s a new way to shop on-line. Virtual CoinBox (www.virtualcoinbox.com) connects buyers who want to spend bitcoins, dogecoins and litecoins with Internet merchants who previously were unable to accept these types of payments. The website will officially open for business on Friday, Aug. 15th, 2014.
“This is going to open up a whole new world for buyers as well as merchants,” explained Sam Paniagua of Miami, Fla., the CEO and lead developer of Virtual CoinBox. “In the past, shopping with bitcoins, bitcoins, dogecoins and litecoins was somewhat problematical because the on-line merchandise available with this type of payment was very limited.
“In addition, it was difficult for sellers to convert the coins to cash.”
That is no longer the case. Bitcoins use an open-source, peer-to-peer system that enables users buy, sell and exchange currency without a third-party administrator. This makes the fees much lower than credit cards, a huge incentive for on-line merchants.
And because there is no ID number to steal and the buyer’s identity can be kept confidential, many believe that bitcoins, dogecoins and litecoins are a more secure way to do business.
Through Virtual CoinBox, on-line merchants can advertise their goods, accept the coins for payment and then cash out with PayPal.
Virtual CoinBox is also set up in a way that makes it easy for shoppers find what they want. “It was created to offer on-line users a simpler, yet more comprehensive, shopping experience,” said Paniagua. “Merchants are also finding this to be a good opportunity to market their products to a new audience.”
Since this is a new and highly innovative service, Virtual CoinBox is focused on strict quality control and provides 24/7 technical assistance for buyers and sellers.
Merchants who are interested in selling their goods on Virtual CoinBox can register and set-up an account by sending an e-mail to email@example.com. In order to encourage participation, Paniagua has launched an Indiegogo campaign, which can be viewed at the Indiegogo site. Through Indiegogo, merchants and buyers can receive discounts and perks.
“Bitcoins may very well be the preferred currency of the future and Virtual CoinBox was created to offer on-line users a simple, shopping experience,” said Paniagua. “We offer an exceptionally large number of products, faster processing and a secure payment system.”
For additional information, visit www.virtualcoinbox.com or contact Paniagua at firstname.lastname@example.org.
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