Bitfash convert your Bitcoins to fashion brands

  Is your stash Bitcoin burn a hole in your wallet? Bitfash is a new startup that will help your Bitcoin spend on clothing fashion brands want.

Based in Australia and China, Bitfash mediates between dealers and customers so that they are looking for online stores through its web platform. The purchases will be completed by the payment in bitcoins Bitfash, then the elements and arrange for them to be shipped to the customer directly by the seller. Brand alignment Bitfash currently includes Zara, Forever 21 clothing store and Mr. Porter men. The launch will be a fourth brand in the next two weeks in.

The website was launched in April by the founder Chris Woods and Keyur Kelkar, the likely Bitcoin traders were splurge on something their bitcoins.

"We began to learn about the space from a business perspective, and because most companies take bitcoins based electronics," says Woods. "We tried to change the look future and see where there is a potential for widespread adoption. [Kelkar] and I both have an interest in fashion, and so it was a no-brainer, which is why we really for them."

Bitfash screen

Bitfash entered a culture other startups, services or merchandise for Bitcoin, including the provision of meals Foodler, BTCShop and mobile gift card app Gyft. Bitcoins received a burst of publicity due to the volatility of prices in April, but Woods is not worried about his long-term prospects.

"What you see in the future is one of the fastest and more companies, more regulation replacement, new users and bring coins become quite stable," he said.

Forever 21 and Zara were first recorded on the website due to their low prices and the global brand awareness. Porter retailer of upscale men was chosen as the third retailer Bitfash add a luxury brand's website and because the majority of Bitcoin users are men. Although retail sites are accessible via Bitfash platform emphasizes that Bitfash Woods hit not presented any trade agreement with the company on their website. He said, however, that does not change Bitfash prices and shipping charges, and the terms of the transaction are strictly adhered to. For example Bitfash not delivered the goods to countries that are not registered.

Currently self-funded, Bitfash earned money through transaction fees and Woods said the launch of online fashion retailers, which should be visible on the website has been addressed. The company is currently not disclose the amount of the transactions he has made since the launch of the site number or money, but Woods says most of them are male, tech-savvy and between 18-40 in age. Most buyers are in the United States, followed by Asia and Europe. Woods said Bitfash receive visitors from over 100 countries.