Bitrefill Launches Giftcard Services on Amazon China for Residents of the Region to Use Cryptos

Bitrefill, popular cryptocurrency payment company, has launched its service on Amazon China, adding the country to the over 170 countries it was already rendering services too.

Scalability No Longer An Issue

Bitrefill is a cryptocurrency company that allows cryptocurrency holders to easily make everyday transactions such as gift cards, eGifts and mobile bills with their digital currencies. Supporting Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies, the company is working to break the weakening convention that digital currencies might not be suitable for small transactions, and thus an impossible alternative or replacement of the fiat money.

Bitcoin for one, despite being the most popular and the biggest cryptocurrency in the world by market capitalization, has often had issues and criticisms regarding scalability levied at it. While top payment companies such as Visa and MasterCard support thousands of simultaneous transactions in a second, Bitcoin’s is far worse, barely processing ten transactions within the same timeframe.

It’s scalable ability is inferior to even popular coins such as Ethereum and Ripple, with the latter capable of supporting more than 1500 transactions per second. It is no surprise that its flagship product xRapid is rising in popularity among banks and financial institutions.

Lightning Adoption

The lightening network might still be in its nascent stages but its rate of adoption has had early complainers begin to see just how Bitcoin is here to stay: its potential of becoming mainstream only just got better.

Bitcoin might be struggling to process 7 transactions in a second, but the emergence of the Lightning network has made it possible to process a threshold of transactions that is a thousand times more. The lightning network, which only just came to the fore of the public, last year, is a second layer solution to micropayments that is built on Bitcoin’s blockchain. With the lightning network, more than 7000 transactions can now be made simultaneously on the blockchain.

Bitrefill is one of the few companies that have quickly seized the Lightning network platform to provide a better experience to its customers. Bitrefill’s partnership with Amazon to provide Chinese users an alternative to making purchases with digital currencies has not been made official yet.

However, a Twitter user provided a source link via Weibo which confirms the ongoing development.

“Bitrefill Has Launched Gift Cards On Amazon China,” the user—Ramadit73993290— tweeted.


The latest development is only one of the many positive landmarks that are being set in 2019 as regards cryptocurrency adoption.

As more and more financial technological institutions integrate cryptocurrencies into their systems, the future of a decentralized financial ecosystem gets closer to realization.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Damola Bada
Damola Bada
I'm Damola, a computer engineer from Obafemi Awolowo University. A crypto enthusiast, marketer, and writer who is seeking to achieve career excellence through hard work and positive contribution to the organization that aspires for excellence.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Roadmap to Full Decentralization to Begin with Issuance of COMP to Their Community

Compound will now issue COMP tokens to the users of their protocol in a bid to achieve full decentralization. They have released an...

Crypto Payment Processor BitPay Sees More Use in Stablecoins than Layer-2 Solutions

Rising fees on the Bitcoin blockchain after the halving will not set BitPay, a crypto payments startup, into using layer 2 payment channels...

Digital Dollar Foundation Releases Its First Whitepaper Urging The US Govt To Explore CBDC's

Christopher Giancarlo’s Digital Dollar Foundation releases its first white paper on the digital dollar. The projects aims at implementing a private-public partnership with...

Ethereum is Close to Being Flipped on its Own Blockchain As the Total Value Stored Is Shifting

The Ethereum network has been seeing a lot of activity in 2020. The price of Ether already seems to lead the altcoins rally, currently trading...

Coinbase, Who Controls Over 11% of Tezos, Rolls Out XTZ Staking in the UK, France, Spain, and the Netherlands

Over 6 months back, Coinbase launched Tezos staking for its US customers and now they are rolling this feature out for its users in...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today