Retail partnership launches new online mall accepting only cryptocurrencies

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A partnership between iFashion Group and Asian electronic payments provider MC Payment, has announced an online mall in Singapore called MegaX that plans to accept payment only in cryptocurrencies. The mall is targeted specifically at young adults, who MegaX sees as being particularly inclined to prefer crypto-currencies over cash. The mall will accept payment in Bitcoin or MGX coins, a token created by MegaX. An initial token offer in 2017 raised USD 2.5 million for the launch of the mall. Millennials are increasingly seen as an important marketing segment, particularly in Asia. Thereby MegaX's new mall will focus on products designed…

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