The party is ON! Join us at TNW Conference 2021 in Amsterdam for face-to-face business!

The heart of tech

This article was published on July 2, 2014

Customers shopping on US online retail giant Newegg can now pay via Bitcoin

Customers shopping on US online retail giant Newegg can now pay via Bitcoin Image by: George Frey
Kaylene Hong
Story by

Kaylene Hong

Kaylene Hong was Asia Reporter for The Next Web between 2013 and 2014, based in Singapore. She is bilingual in English and Mandarin. Stay in Kaylene Hong was Asia Reporter for The Next Web between 2013 and 2014, based in Singapore. She is bilingual in English and Mandarin. Stay in touch via Twitter or Google+.

US online electronics retailer Neweggteased the introduction of Bitcoin payments on its platform early this year, and now the company has finally delivered via a partnership with BitPay. From today onwards, Newegg is letting its more than 25 million registered customers pay for over 10.5 million products using the cryptocurrency.

This is a pretty notable deal because Newegg is a big name in the US consumer space. The company is estimated to be worth $3 billion, with Forbes reporting that it turned over $2.8 billion in sales back in 2012. Newegg said it is introducing Bitcoin payments as a response to customers’ needs, given that “Newegg’s customers are among some of the earliest Bitcoin miners and are enthusiastic proponents of the crypto-currency.”

Newegg’s move comes hot on the heels of the state of California just legalizing the use of Bitcoin and other digital currencies.

Bitcoin Accepted [Newegg]

Thumbnail image via George Frey/Getty Images