On September 7, El Salvador declared Bitcoin as legal money. The order made it mandatory for all establishments to accept BTC as payment. Nonetheless, despite President Nayib Bukele’s order, many firms are yet to make the required arrangements. As a result, the acceptance rate of bitcoin is low. Bitrefill seeks to address this issue.
What is Bitrefill?
Bitrefill is a web platform that provides services and solutions to make it easier for individuals to use bitcoins. This tool offers an appealing selection of prepaid gift cards and mobile phone recharges. It also provides Lightning network service. You can use crypto to use these services from anywhere in the world.
Bitrefill offers a private and secure user experience, as well as digital delivery with worldwide reach, by merging Lightning Network and Bitcoin technology. Users need to submit an email address to access Bitrefill goods and services.
Benefits of Bitrefill
- It accepts Bitcoin, Lightning, Dash, Dogecoin, Litecoin, and Ethereum as cryptocurrencies.
- The portal allows you to buy gift cards from over 1650 different merchants.
- You can recharge mobile phones in over 100 countries.
- Provides a quick, safe, and confidential way to pay bills.
- Instant completion of Bitcoin transactions under $200, as well as Dash Instasend transactions.
- If an order fails, Bitrefill will reimburse your bitcoin.
- It works with all Bitcoin wallets.
To make purchases with Bitrefill, you do not need to make an account, but it is a good idea to do so.
If you sign up for the platform, you’ll be able to keep a balance in the tool that you can use to buy any goods or services Bitrefill has to offer. This happens without incurring any blockchain transaction fees, and payment confirmation is instantaneous. If you are a frequent shopper, this is an excellent option for you.
You may also see your order history and take part in the platform’s loyalty and referral programmes if you create an account. You can, also, seek a refund of your account balance. This procedure might take up to 24 hours to complete.
The site provides you with a selection of gift cards from which to choose.
Keep in mind that some coupons are valid worldwide, while others are only valid in specific regions, while others are only valid in a single nation, and yet others are only valid in a specific currency. Before purchasing a gift card, check with the retailer to see what terms are in effect.
You should also keep in mind that, depending on the product type, Bitrefill has daily purchasing restrictions.
What does Bitrefill mean for Salvadorans?
Salvadorans will now be able to pay for more than 150 services using bitcoin on Bitrefill’s platform via Lightning Network or on-chain transactions, the business said on Wednesday. Bitcoin will be able to pay bills from the Social Fund for Housing, a government institution that provides loans for home purchases, and AES, a company that provides electricity in the Central American country. The company announced it at the Adopting Bitcoin conference in El Salvador.
Bitrefill has made a partnership with PuntoXpress to provide the service in El Salvador. It is a local platform that accepts payments for basic services including cell phone recharges. Users must give an email address to get a receipt and, if applicable, a coupon code to complete the procedure.
Also read: Kazakhstan Senate Approves Law to Monitor Crypto Platforms
