The popular payment gateway in south east Asia, Coda Payments has joined hands with BitX to offer bitcoin as a payment option for the online transactions. The demographics covered by this agreement will include countries like Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore.
Coda Payments has been accepting bitcoin as a payment method for quite some time now in countries like Indonesia and Malaysia, however, the latest agreement with Bitx will help Coda in getting more merchants in other countries.
BitX is a service which provides real time conversion from a local currency to bitcoin and from bitcoin to the local currency. That gives the merchants an option to accept payments either in local currency or bitcoin.
Just 2 weeks ago, BitX had raised $4 Million in series A round and that money will be spent in reaching out to more merchants. There are quite a few startups working in the same domain and increasing popularity of Bitcoin in the recent times does give us a glimpse of what future might hold.