BlackLotusGo

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Happy Tuesday MTG peeps,

About two years ago, we were reading a tech article (sorry can't recall which one) about a new digital currency called Bitcoin.  At the time we had not provided much thought on it other than we applauded this developing technology to decentralize the control of currency from large financial institutions and from the vagaries of government.  Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin 

Fast forward to the autumn of last year when the world's first Bitcoin automatic teller machine was installed at a Vancouver coffee shop (Waves at Howe & Smith) right here in our own country.  Its use has since grown and users enjoy it as a convenient alternative to traditional banking as the transactions are instantaneous without processing fees appended.  There has of course been growing pains and because of the anonymity of transactions, has attracted a few baddies who use this cryptocurrency for illegal activities.  That being said, there is little doubt that this evolution is well placed to be the currency of the future.

We had recently been having some very interesting discussions with the folks over at BlackLotusGo.com who has embraced this new technology to become the one of the first online Magic: the Gathering retailers to accept Bitcoin transactions.

BlackLotusGo.com was started in January of 2014 primarily as a way to begin accepting bitcoin payments for sales of Magic singles, though the need for an organized website was well overdue after years of selling primarily on ebay. Bitcoin is an exciting technology for MTG finance, as its negligible transaction fees and ability to transmit money worldwide instantly are conducive to small-value transactions such as MTG singles. There is also significant overlap between the bitcoin and MTG communities, as both topics tend to appeal to similar types of people.

BlackLotusGo also happens to be the only store in the world offering to pay bitcoin through the buylist. In fact, for someone who already owns Magic cards, this is probably the single easiest way for new adopters of the technology to get their feet wet.

The inventory available on BlackLotusGo.com is still in the process of growing, but it is doing so quickly. Aside from the bitcoin niche, BlackLotusGo.com offers extremely attractive prices as a way to attract repeat customers, and regularly offers deals on hot cards through social media. In the long-term, the goal is to offer all Magic singles to the bitcoin community at great prices (as well as offering these good old-fashioned low prices to the rest of the MTG community!).

Drop on by BlackLotusGo.com and have a look around today.

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