Newegg Now Accepts Bitcoin Payments Pretty Much Worldwide

Newegg, a large American online retailer and an early adopter of cryptocurrency since 2014, added 73 more countries to its Bitpay payment platform. Shoppers from these countries can now purchase goods for bitcoin. The company is now only blocking bitcoin payments from customers in Algeria, Ecuador, Egypt, Indonesia, Morocco, and Vietnam. This news was announced by the eCommerce giant two weeks ago.

Founded in 2001 and based in City of Industry, California, Newegg sells electronics, entertainment products, smart home systems, gaming gear etc. to more than 38 million shoppers from around the world.

“Bitcoin allows users to send and receive money just as easy as sending an email, opening up opportunities for businesses and consumers globally as a secure, low-cost transactional option for the merchants,” Sonny Singh from BitPay commented. “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.”

Besides that, BitPay allows Newegg to incentivize more clients and increase its margin on each Bitcoin transaction by avoiding credit card fees typically imposed on credit card purchases. Newegg was among the first companies to see this potential of cryptocurrency and has now expanded its Bitcoin support to nearly all of its customers around the world.

Not the least important, since the initial implementation of Bitcoin, not a single chargeback has been required for any Bitcoin transaction on Newegg.com.

Newegg’s expansion into Bitcoin continues a growing trend of companies accepting Bitcoin.

We can now purchase a cup of Starbucks coffee, buy a new garment on Amazon, donate to multiple charities, buy furniture from Overstock, pay for an AT&T mobile plan, play Xbox games from Microsoft store, space travel with Virgin Galactic, and even cryogenically freeze ourselves with Alcor — all paid with cryptocurrency.

Related News

British Rapper Welcomes Crypto Payments and “HODLs”

Up and coming British musician Zuby has joined the crypto community and started accepting digital currencies

Read-more

RepuX – decentralized data exchange platform, token sale OPEN

RepuX is an Ethereum-based platform and protocol for small and medium enterprises (SMEs) to earn rewards for sharing data on a decentralized network.

Read-more

The Pink Cow: First restaurant in Japan to bring Bitcoins to Japanese

The Pink Cow Restaurant is a vegan-friendly restaurant The Pink Cow in Tokyo, Japan, dating back to 2000. Their menu has Cal-Mex

Read-more

Paying for Swiss-secure ProtonVPN with Bitcoin

ProtonVPN is not the flashiest, or even the cheapest of VPNs, but it’s one of the best picks on the market today. The ProtonVPN team’s huge emphasis

Read-more