Newegg now accepts Bitcoin in Canada, offers up to 30% off when buying with it
Newegg has announced that it will be begin accepting Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl from its Canadian customers, effective immediately.
This comes nearly two months after Newegg began accepting Bitcoin in the US- on July 1, Canada's birthday. Indeed, the company will be running promotions in both countries over the coming days. Those spending over $300 with Bitcoin will get $75 (25%) off, with $150 (30%) off on purchases over $500. These are the new discounts previously alluded to during the previous promo, which offered 10% off.
It is unlikely though that Newegg saves anywhere near such proportions by accepting Bitcoin. One would therefore expect future Bitcoin discounts of lower magnitude, while the current promos help get customers in the door.
Newegg is following the lead of Overstock, which also recently announced its expansion of Bitcoin acceptance beyond the US, effective 5 days from now.
Soren Mills, Newegg's marketing head for Newegg’s North American operations, explained:
“Newegg is deeply committed to growing its business internationally – serving customers overseas, introducing new products from key Asian markets and evolving the way we transact with our global customer base. Extending bitcoin acceptance to our Canadian customers is yet another important milestone as we build the company’s international presence.”
In partnering BitPay, which has more of an international presence than Coinbase and doesn't require a US bank account, a Canadian expansion was more feasible.
Newegg has announced that it will be begin accepting Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl from its Canadian customers, effective immediately.
This comes nearly two months after Newegg began accepting Bitcoin in the US- on July 1, Canada's birthday. Indeed, the company will be running promotions in both countries over the coming days. Those spending over $300 with Bitcoin will get $75 (25%) off, with $150 (30%) off on purchases over $500. These are the new discounts previously alluded to during the previous promo, which offered 10% off.
It is unlikely though that Newegg saves anywhere near such proportions by accepting Bitcoin. One would therefore expect future Bitcoin discounts of lower magnitude, while the current promos help get customers in the door.
Newegg is following the lead of Overstock, which also recently announced its expansion of Bitcoin acceptance beyond the US, effective 5 days from now.
Soren Mills, Newegg's marketing head for Newegg’s North American operations, explained:
“Newegg is deeply committed to growing its business internationally – serving customers overseas, introducing new products from key Asian markets and evolving the way we transact with our global customer base. Extending bitcoin acceptance to our Canadian customers is yet another important milestone as we build the company’s international presence.”
In partnering BitPay, which has more of an international presence than Coinbase and doesn't require a US bank account, a Canadian expansion was more feasible.