Alza now accepts Bitcoins

The introduction of Bitcoin payments is a significant innovation step. The format of the press release has limited space, so we extended it with some of the most important questions that relate to the topic. Jan Sadílek, Head of the Internet Marketing Department, answered for Alza.

Why did you decide to introduce Bitcoin payments?

There was a demand from our customers. Alza is a technologically-oriented, trend-setting company and Bitcoin is a progressive technology. We took steps to ensure our customers enjoy the potential and benefits Bitcoin provides

Why were your customers so interested in Bitcoin?

It is an increasingly popular way to pay for products and services. We have received numerous questions and suggestions regarding this issue for quite a long time, and the interest just kept rising along with the growth of the Bitcoin value. So we began thinking about introducing it.

How do your customers benefit from paying in Bitcoin?

First, this payment method is not that different from other online payment methods when it comes to speed and simplicity. Unlike those, however, bitcoin allows you to pay online even if you do not have a bank account or a credit card. This is an important factor that many people really appreciate.

Why did you decide on Bitcoin in particular and not another type of cryptocurrency?

Bitcoin payments currently account for more than 90 percent of all cryptocurrency transactions. That said, we are also making preparations for accepting other types of cryptocurrency, such as Litecoin, Ethereum, Dash and others.

Is Bitcoin-based trade compliant with EU legislation?

Yes, Bitcoin transactions meet the EU legislative requirements. We have introduced the virtual currency option because of the demand from our customers, and we believe this type of payment will only become more popular in the future.

How about Bitcoin and taxes?

Bitcoin is simply, another way to pay for products, so the tax system remains the same as with any other type of payment.

How do you guarantee payment security?

All payments are processed via the Bitcoinpay.com payment gateway, operated by British Confirmo Ltd, a British-based company with considerable experience with Bitcoin transactions.

Where does one obtain Bitcoin?

There are many ways to obtain them. One of the easiest is to use a Bitcoin ATM, which enables you to purchase and redeem bitcoin for crowns or euros. One such ATM is located in our showroom in Holešovice, Prague and another in our Bratislava showroom. Our ATMs are operated by GENERAL BYTES sro, a leading company in the field.

What other companies accept Bitcoin?

From the large ones, we could name Microsoft, Dell, T-Mobile Poland, WordPress, or Wikipedia. And of course, there is a huge number of smaller merchants who have embraced this technology as well.

Do you accept Bitcoin payments abroad?

Yes, we accept Bitcoin payments on  alza.sk , alza.de , alza.at and alza.co.uk and alzashop.com.

Can your customers save money by paying in Bitcoin?

Absolutely! For example, a customer who purchased bitcoin a few months ago can now buy products more than 30 percent cheaper, due to the favourable exchange rate

The impetuous development of the Internet has brought, among other things, a new concept, namely virtual money. Their potential has been overlooked for a long time. The traditional focus of their application lies in online games where they are used to trade game items. However, the virtual currencies used in digital services and Internet communities are becoming increasingly important. The term "cryptocurrency" is a specific subset of virtual currencies. The first such currency was Bitcoin in 2009.

Why is Bitcoin so popular? Among other things, Bitcoin is a so-called deflationary currency. The amount of Bitcoin is predetermined, so the central bank (or other entity) can not devalue the currency by creating (or emitting) additional money. Bitcoin's growth is transparent - users are "using" computers. It is said that all "coins" will be minted in 2140. You can also benefit from downloading the relevant software.