When Will They Accept Bitcoins? Today, as Newegg Partners with BitPay

When a representative from TigerDirect hosted a Reddit AMA last month, among repeated comments from participants was that they wished Newegg would also begin to accept bitcoins for 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 Read this Term. Apparently Newegg was listening, as the online electronics retailer has become the latest firm to begin accepting bitcoins through a partnership with BitPay.

One of the leading sellers of high end video cards used for cryptocurrency mining, especially for script based coins, Newegg has long topped firms 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 Read this Term users have wanted to accept the digital currency. Having a large customer base of bitcoin users, Newegg’s absence of accepting them had been viewed curiously.

Announcing the news in a joint statement between Newegg and BitPay, Soren Mills, Chief Marketing Officer for Newegg North America alluded to their customers interest in bitcoins saying “Newegg’s customers are among some of the earliest bitcoin miners and are enthusiastic proponents of the crypto-currency. Adopting bitcoin as a payment method is another way we’re responding to our customers’ diverse needs. Working with BitPay to implement a bitcoin payment option at Newegg was a seamless process and our partnership gives us the capabilities we require for high-volume e-commerce.”

Adding comment, Tony Gallippi, BitPay’s Co-founder and Executive Chairman stated that “Our mission is to make bitcoin every merchant’s favorite form of payment. Forward-thinking merchants like Newegg allow bitcoin enthusiasts from around the world to shop with ease. Newegg has been the most requested retailer from the bitcoin community and our collaboration will serve this pent-up demand”.

Similar to other online retailers, paying with bitcoins is integrated with Newegg’s payment options, allowing users to simply click on “Pay with Bitcoin” when concluding their purchases.