MegaX, a partnership between iFashion Group and MC Payment, has launched an online mall called Megaxstore.com, and aims to accept payment only in the form of Bitcoin Cash or ‘MGX coins’, a form of token created by the partners.
The new MegaX mall is targeted at millennials, particularly those who are “crypto-savvy,” and looking for opportunities to use cryptocurrencies in a retail environment.
The mall will provide visitors with access to over 1,500 global brands and 80,000 products and will also include exclusive concierge service which aims to provide shoppers looking for a getaway with unique holiday experiences. They’re offering travel packages such as exotic stays in places like Irish castles and ice hotels.
MegaX envisions and has been working towards a future where ultimately MGX, the native currency, will be the cryptocurrency of choice for millennials to earn, spend and transact.
“By only accepting MGX and BCH instead of fiat for payments, we are determined to bring about the real-world adoption of cryptocurrencies,’ said Jeremy Khoo, Group CEO, iFashion Group. “Despite a market cap of 728 billion USD in cryptocurrencies right now, most retailers do not accept them as a form of payment. Retailers looking to resonate with the new generation of consumers should be fearlessly agile and open to adopting new payment forms.”
In the US, Overstock.com has been accepting Bitcoin since 2014, and last year expanding its list of accepted alternative currencies to Bitcoin Cash, Litecoin, Ethereum, and others.