Charles Allen on building a digital currency ecosystem

Jay: This Jay Addison for CryptoBiz Magazine. We are live in Las Vegas at Inside Bitcoins Trade Show, and we are here with Charles Allen from bitcoinshop.us. Let's have an overview of bitcoinshop.us, and the whole program you guys have got, because I know it's a lot more extensive than we've got here in our questionnaire.

Charles: Thanks Jay, so what we've got, at bitcoinshop, because we're basically building a universal digital currency eco-system and, using our e-commerce platform is an on ramp to do that. And on the e-commerce platform side, we're effectively building the kayak (0:36?) of e-commerce on our new site, which we haven't launched yet, which we're very excited about.

Jay: That's exciting. So, what countries do you currently ship to?

Charles: Right now, we're just shipping to the US, however, we see a huge opportunity in the international markets – and that is on the drawing boards, but right now it's just to the US.

Jay: Fantastic. Now, your site currently only accepts Bitcoins, has there been any legal issues around not accepting (0:59?) dollars?

Charles: Not at all, I mean I think in the long run, if I – there's no legal issues with accepting a dollar versus a Bitcoin, and let's face it, there's tons of companies that accept Bitcoin because it's digital cash. The reality is that online e-commmerce in the US is a 260 billion dollar a year business. And the total value of Bitcoins today – I mean I don't – the price where it is, let's call it 5 billion dollars or 4 billion dollars. It's peanuts in comparison to the amount of dollars moving in e-commerce. So, when we think about how to grow our business, obviously looking at other payment protocols, such as credit cards are something that's on our minds, because this is the long game. Digital currencies aren't going anywhere and as we seek to build a universal ecosystem, we need to make sure that we can on board as many customers as possible.

Jay: What's the most popular products on the site?

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