Newegg, one of the biggest PC hardware retailers in North America has announced today that it will accept Dogecoin as an official payment option.
The value of the cryptocurrency that was born out of memes has risen nearly 8656% in a single year alone. It has been on the rise ever since Elon Musk has begun promoting it with his tweets. The fact that other cryptocurrencies such as Bitcoin or Ethereum have also increased in value surely had an effect on Dogecoin as well.
Newegg will now accept payments with Bitcoin and Dogecoin through its Bitpay service. This of course means that users should already have their digital wallets with the cryptocurrency ready. The form of payment will take more time than usual debit or credit card payment. Users should also take notice of all the fees that will be included with this form of payment. In case of a goods return, Newegg will issue a gift card instead of a normal money transfer.
In the last few days, Dogecoin was the only cryptocurrency that has seen steady growth in value. Byt far, the biggest problem with cryptocurrencies is that they may lose their value just as quickly as it grew. Only last week we have seen a Bitcoin value drop by 16% after it reached its record high value of $63,000 USD. Meanwhile, a single Dogecoin is currently valued at $0.4 USD.
« press release »
April 19, 2021 – Los Angeles, CA – Newegg, one of the leading tech-focused e-retailers in North America, today celebrates #DogeDay by announcing that the company now accepts Dogecoin as an official payment method on Newegg.com.
Newegg has been quick to embrace the shift to cryptocurrency. In 2014, the company was the first major e-retailer to accept Bitcoin for purchases made on the Newegg platform. Similarly, Newegg is among the first to enable customers to pay with Dogecoin while shopping online.
“The excitement and momentum around cryptocurrency are undeniable, and the recent surge in Dogecoin value underscores the need to make it easier for customers to make purchases with this popular cryptocurrency,” said Andrew Choi, Sr. Brand Manager of Newegg. “We’re committed to making it easy for our customers to shop however works best for them, and that means letting them complete transactions with the payment method that suits them best. To that end, we’re happy to give Dogecoin fans an easy way to shop online for tech.”
When completing an order on Newegg.com, customers who want to pay with Dogecoin simply click “Edit” in the payment section on the checkout page, then select BitPay. Customers can then complete their transactions using Dogecoin held in their digital wallet. Click here for full details about paying with BitPay on Newegg.com.
For more information and to shop Newegg, visit https://newegg.com/. Like Newegg on Facebook, subscribe to Newegg on YouTube and follow Newegg on Twitter to stay up to date on the company’s latest news.
« end of the press release »