Colombian store chain Olfabrand announces that it accepts Bitcoin as a payment method – BeInCrypto

Olfabrand joins the list of Latin companies that support Bitcoin (BTC) as a payment method, and admit that the retail and retail and e-commerce chains will integrate cryptocurrencies as a mode of financial inclusion.

The Colombian chain of stores Olfabrand reported that already accepts cryptocurrencies as a payment method, especially Bitcoin, Bitcoin Cash y Litecoin, and it will also offer discounts of 15% to those who use this means of payment, in order to create a “well-being” experience.

This was explained by the founding partner of Olfabrand, Andrés Astaiza:

“Our brand has been conceived as a company of retail modern technology-based since we are connecting chemistry with the internet of things and we believe that cryptocurrencies are going to be part of the future and that is why we are anticipating as we did with online sales before the pandemic and what allowed us to open physical stores this year in Bogotá, Medellín and Barranquilla ”.

Fountain: Olfabrand

At the end of December, the media and technology company, Yahoo, revealed in its annual count on news and most searched topics, that Bitcoin was the most searched cryptocurrency in Colombia in 2021 and one of the most researched words in its search engine in That country.

Yahoo Research shows that the most sought-after news in Colombia in 2021 were: Covid-19, solidarity income, National Police of Colombia, minimum wage, coronavirus, Gabriel García Márquez, tax reform, Bitcoin, Pope Francisco and Carlos Holmes Trujillo, so BTC became the most sought after cryptocurrency in that country.

Colombian businesses continue to accept Bitcoin

The Colombian company has implemented the payment method in cryptocurrencies through digital channels for the moment, that is, customers can pay the cart on its website. Olfabrand admits the potential of Bitcoin in the country, even as a financial inclusion strategy.

The chain of stores foresees for this year that 10% of its sales will come from cryptocurrencies, and even foresees that, in 10 years, 90% of your income comes from that payment methodTherefore, although the acceptance of cryptocurrencies is growing in Latin America, the truth is that there is a lack of infrastructure to stimulate the exchange of tokens as payment methods.

At the end of November, revealed that 8.4% of Colombians who are users of exchanges and are familiar with the ecosystem blockchain, have a non-fungible token, while 11.9% of Colombian users plan to acquire an NFT.

In a survey of 1,502 Colombian adults, out of 28,000 people in 20 countries, Finder argues that Colombia ranks 11th in adoption of NFT in the world. In addition, men in that country are more likely to acquire an NFT than women, with 9.3%, compared to 7.6% of women.


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Colombian store chain Olfabrand announces that it accepts Bitcoin as a payment method – BeInCrypto

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