Elektra, in its terms & conditions, said that “The user accepts and recognizes that the access, use, and security of his wallet is the sole responsibility of the user and at no time is Elektra, nor will be responsible for the access, use, and security of the user’s wallet.”Įlektra is spread over 1,100 locations in Mexico and branched out to the United States, Peru, Guatemala, Panama, El Salvador, and Honduras. The Mexican retail giant also highlighted the possible risks related to digital assets for dealing with them and clarified that, for any scams, losses, or mishandling, the company could not be held responsible. Noting that cryptocurrencies are also known for their volatile nature, other than all merits they hold, Elektra ensured that, if anyone, after making a payment in BTC, applies for cancellation or return, the refund will be executed in Mexican Pesos for an amount equivalent to the initial transaction amount. The giant also added a promotion that will stay valid until December ends, which explains that all customers who pay their bills in Bitcoin will be eligible to apply for a 20% discount. The first-ever retail store to accept Bitcoin as a mode of payment in Mexico is now Elektra. Both the firms are the most recent ones to accept cryptocurrency as a mode of payment. Simultaneously, Nexon, a South Korean-Japanese video game publisher giant, also allowed its players to use cryptocurrency for buying in-game products. Nexon’s initiative to add cryptocurrency as a mode of payment comes from players’ growing interest and supports eleven cryptocurrencies to make payments on its platforms.Įlektra is one of the biggest retail chains in Mexico, which recently partnered with BitPay to give its customers a choice of making payments in Bitcoin rather than fiat currencies.
In Mexico, Elektra became the first retail chain to accept cryptocurrency as a mode of payment and simultaneously offered a 20% discount all December to customers who pay their bills with Bitcoin.Elektra, a Mexican retail giant, and Nexon, a South-Korean Japanese video game developer giant, partnered with BitPay to incorporate cryptocurrencies as a mode of payment on their platforms.
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