Igot launches international merchant solution

Igot, the exchange based out of Australia, is aiming to compete with leading bitcoin payment companies like Coinbase and BitPay, with the launch of its own international merchant solution.

The new platform will allow e-commerce and brick-and-mortar merchants to incorporate bitcoin payments in nearly 40 countries and transact in ten different fiat currencies.

"Accepting bitcoin through Igot has multiple advantages for merchants. Perhaps most importantly, bitcoin is a free marketing tool that is likely to increase overall revenue. This is a win-win situation for merchants and the bitcoin community", said Rick Day, Igot's founder.

The exchange is encouraging merchants to join its payment platform with a one-off $500 bonus after achieving $25,000-worth of bitcoin payments in the first 3 months.

"We believe our package presents a strong incentive for merchants to integrate with Igot. With a flat 0.5% transaction fee, we expect to get a lot of traction", he added.