PlayIconNav
BTC
$68,744.75-0.06%
ETH
$2,435.65-1.28%
BNB
$558.61-0.37%
SOL
$161.48-1.10%
XRP
$0.51106399-0.14%
DOGE
$0.16797260+7.02%
CD20
$1,994.07-0.23%
TRX
$0.16213676-1.97%
ADA
$0.33139292-0.39%
SHIB
$0.00001766+3.62%
WBTC
$68,628.78-0.08%
AVAX
$23.20-1.66%
Ad
Markets
Election 2024

Tech Retailer Newegg Expands Bitcoin Payments to Another 73 Nations

Online electronics and software retail giant Newegg has expanded bitcoin payments to nearly all of its served countries in partnership with BitPay.

By Daniel Palmer
AccessTimeIconJul 24, 2019 at 12:29 p.m. UTC
Updated Aug 18, 2021 at 11:36 p.m. UTC
Presented By Icon

Election 2024 coverage presented by

Stand with crypto
newegg

Online electronics and software retail giant Newegg has expanded its bitcoin payments option to a host of new countries.

In an announcement on Wednesday, the U.S.-based firm said it will accept bitcoin in 73 additional of its country-specific stores. The news means that the cryptocurrency can be used to pay for purchases in nearly all of its 80 served nations.

VolumeMuteUnmute

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0

    • The firm first started offering bitcoin payments back in July 2014, soon after expanding the option to Canada.

    “Five years ago, we were one of the first major online shopping destinations to accept Bitcoin, and our early-adopter customers were quick to embrace this new payment option,” said Anthony Chow, Newegg President Global Sales.

    Opening up the service to another 73 countries "underscores our commitment to bring innovation to the online shopping experience, and answers customers’ growing preference for our Bitcoin payment option.”

    The bitcoin payments are made possible through Newegg's partnership with blockchain payments provider BitPay.

    Sonny Singh, chief commercial officer at BitPay, said in the announcement:

    “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. 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.”

    Newegg added that using BitPay allows it to increase its margin on each bitcoin transaction by avoiding credit card fees.

    Newegg image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.