Newparts, an online automotive parts store, has announced that it will start accepting payment in seven different cryptocurrencies, including bitcoin core (BTC), bitcoin cash (BCH), bitcoin diamond (BCD), bitcoin gold (BTG), Dash, Ethereum (ETH), Litecoin (LTC) and Zcoin (XZC). Their aim is to expand its international reach by accepting cryptocurrencies.
Newparts joins a many car dealers and other merchants looking to cryptocurrency for payments, particularly BCH which offers reliable, fast and inexpensive cryptocurrency transactions, compared to traditional transaction methods.
CEO Dano Ramovich said:
“ Newparts is committed to making our massive inventory of auto parts as accessible as possible to our customers. We decided to allow our customers to pay with cryptocurrency – it opens up our business to international markets and enables us to accept and process transactions more quickly and affordably.”
This new development of payment with cryptocurrency enables customers around the world to have a unique access to Newparts, which offers a broad selection of auto parts, covering nearly any vehicle imaginable. Due to the drastically reduced transaction fees, eliminated currency conversion fees and freedom from chargebacks, the company can even pass on more savings to customers.
The Coinline bitcoin cash directory of merchants said that BHC is currently accepted at more than 200 points worldwide. The greatest concentration of merchants accepting bitcoin cash is Australia, with about 80 points taking BCH payments.