I am early on this. I suspect that adding Bitcoin payment capacities to NetSuite would be a breakthrough for NetSuite customers offering their products and services via eCommerce. For those that are not aware, Bitcoin is a decentralized digital currency that looks like a promising mechanism to produce no-cost global exchange. To learn more about Bitcoin, start here.

NetSuite’s superior multi-currency and multi-language mechanisms coupled with it’s strong transaction management make it a strong candidate to host Bitcoin payments. Yes, NetSuite has built-in integration with common payment gateway providers, such as Merchant eSolutions, PayPal, and others. But in a recent work on developing a NetSuite driven Chinese eCommerce experience, we have to code for payment gateways that are not supported natively within NetSuite. As a NetSuite Systems Integrator, we may elect to do the same by creating a NetSuite bundle that enables Bitcoin payments.

In due course, I envision significant demand for this form of exchange. If you could avoid paying 2%+ payment exchanges fees, wouldn’t you accept? The potential is there and adoption is growing. And the NetSuite platform is an ideal candidate to show of its ability to produce global commerce.

Let me know if you have interest in Bitcoin and NetSuite integration. With some support and enthusiasm, I can be easily nudged to make this a reality.