Newegg is one of the first online retailers to accept cryptocurrency, and they are doing so with Bitcoins. Their advanced technology will make their shopping and payment experience better for their customers worldwide. ..
Newegg
Newegg Inc. is a leading online computer retailer that sells hardware and software in North America. Newegg was the first e-commerce company to accept Bitcoin in 2014 through its partnership with BitPay. Newegg has its presence in more than 80 countries in the regions of Europe, Asia Pacific, Latin America, and the Middle East, and its headquarters are in California in the City of Industry.
The online shopping destination known for its exceptional customer ratings has now started to accept Bitcoins. This will only increase the popularity of the site and make it even more popular among online shoppers.
Newegg and Bitcoin
Newegg has extended its Bitcoin acceptance facility in 73 out of the 80 countries where it has its presence. The company announced its new venture with BitPay on July 24, 2019.
About BitPay
BitPay is the most experienced company in Bitcoin and blockchain payments. Founded in 2011, they support Bitcoins and Bitcoin Cash and they also have plans to extend their services to other cryptocurrencies. BitPay has opened its offices in North America, Europe, and South America. It has raised over $70 million from leading investors like Founders Fund, Index Ventures, and Aquiline Technology Growth. Newegg through its partnership with BitPay has made the revolutionary decision to accept Bitcoins as a form of payment. ..
Why did Newegg decide to accept Bitcoins?
According to Newegg Insider, they believe that though credit cards have proved to be convenient for online payments, they felt that there was still scope for improvement. As credit cards have the inherent risk of being exposed to cybercrimes even with the increased security and awareness, they still proved to be a problem for a lot of their global customers.
With the increased acceptance for Bitcoin, many people are willing to pay with Bitcoins because it truly works as a global payment system. Bitcoins work seamlessly across borders and do not even require bank accounts.
How does Bitcoin work?
Bitcoin is a digital asset that uses blockchain technology to record transactions. Bitcoin is unique in that it is stored on a shared network and can be verified across all individual machines. This makes bitcoin transactions more secure and tamper-resistant.
Advantages of making payments using Bitcoins in BitPay
Bitcoin is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Bitcoin is decentralized, meaning it is not subject to government or financial institution control.
BitPay is a payment processor that freezes the rate of cryptocurrency to ensure a fixed currency rate for its users. This feature is one of the main advantages of using BitPay. ..
How to make a payment using BitPay?
BitPay makes buying cryptocurrencies very easy and convenient.
To get started, you’ll need a BitPay-compatible wallet and cryptocurrency to add to it. Next, you’ll need to find a BitPay-compatible mobile app.
Once you’ve chosen your payment method and clicked Pay in Wallet, the order review screen will show a list of cryptocurrencies that Newegg accepts. Tap on the one you want to pay with, and your order will be processed and sent to the wallet on your device.
Another way to pay is to copy and paste the specified payment URL or to scan the QR code to open the payment in a mobile smartphone wallet. This will link your wallet to the appropriate crypto address and amount, making it easier for you to complete the payment. ..
Bitcoin is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Bitcoin was created in 2009 by an unknown person or group of people under the name Satoshi Nakamoto.
In early 2021, Newegg announced to accept Dogecoin and later in July 2021, it started to accept Litecoin.
Newegg has a comprehensive range of services that help companies grow their businesses. This includes technology, logistics, and other partner services. Newegg is a trusted resource for businesses of all sizes.
Forbes has ranked Newegg as the 172nd largest private company in the United States.
