AD
AD
AD

Tech-Focused Online Retailer Newegg Now Offers Bitcoin Payment Option to Its Global Customers  

article image
Cover image via CryptoComes.com

Retailers are reluctant to accept Bitcoin payments, but there are a few notable exceptions. Case in point: Newegg       

Wed, 07/24/2019 - 14:13
Advertisement

Newegg, a US-based online retailer that focuses on tech merchandise, will start accepting Bitcoin payments in nearly all supported countries, the company’s press release states. Prior to that, purchasing goods with crypto was limited to North America.  

👉 MUST READ Dash Core Group CEO: Bitcoin Fails to Live up to Mass Adoption Requirementsrelated article image

A newfangled feature

Back in 2014, Newegg inked a partnership with BitPay to offer Bitcoin payments to its customers in the US and Canada. Now, five years later, the company with an annual revenue of roughly $2.65 bln wants to take this feature on a global level.

According to Newegg’s Anthony Chow, this ‘underscores’ their commitment to bring some innovations to the online retail niche.

The press release states that the crypto initiative turned out to be quite a success. There was not a single chargeback for any BTC transaction that was conducted on Newegg’s website.    

Streamlining innovations

It is worth noting that Newegg was one of the first major retailers to embrace crypto back after testing the waters for quite a while.

Bitcoin was clearly a perfect fit for the company given the ‘early adopter’ mentality of its target audience.

Newegg was among the first companies to see this opportunity and has continued to expand its Bitcoin acceptance to nearly all of its customers around the world,” BitPay CCO Sonny Singh claims.

TigerDirect, their major competitor, hopping on the crypto train six months earlier also served as an impetus for adding Bitcoin as means of payment.

Advertisement
Hot stuff
1,249,577 XRP in 24 Hours Push Price to New Frontier
3 weeks 1 day ago
Shiba Inu (SHIB) Price to Add $0 This Test is Failed
3 weeks 2 days ago
Cardano Kicks Off New Round of Stake Pool Delegation
4 years ago
Blow to Ripple as SEC Gets Access to Company's Missing Slack Messages
4 years ago
Anti-Bitcoin Activist Arrested in El Salvador
4 years ago
Advertisement
Name card
Shiba Inu (SHIB): One Last Test at $0.0000138 Waiting
6 days ago
Name card
Cardano (ADA) in Bubble? Indicator's Warning Signs
1 week ago
Name card
Solana (SOL) All-Time High on Line? It's Closer Than You Think
1 week ago