[2018-03-30] Newegg Enables Cryptocurrency Payments for Canadian Customers

[limek]

On March 28 the popular online electronics merchant Newegg announced its now allowing residents from Canada the ability to pay for goods using cryptocurrencies. Through its partnership with the payment processing firm Bitpay, the company feels its the right time to offer Canadian customers the ability to pay for items with the digital currencies BCH and BTC.

Broadening Acceptance of Bitcoin to Our Customers in Canada

The e-commerce store Newegg has accepted BTC in the U.S. since 2014 and was one of the earliest electronics merchants to take cryptocurrency for payments. According to the firm’s recent announcement since then digital currency transactions have represented a “growing stream of purchase transactions.” Following this trend, Newegg states that is now offering Canadian customers the ability to pay with BCH and BTC. The firm details that cryptocurrencies have grown more popular over the last year with “increasing mainstream awareness.” Danny Lee, Newegg’s CEO explains during the announcement:

        "In 2014 Newegg was among the first major companies to offer customers a bitcoin payment option — Since that time the value of bitcoin has skyrocketed and customers holding bitcoin have considerably more purchasing power — We believe the time is right to broaden our acceptance of bitcoin to our customers in Canada."

Read more: https://news.bitcoin.com/newegg-enables-cryptocurrency-payments-for-canadian-customers/

[aigeezer]

Interesting. Newegg.ca allowed customers to pay in crypto (BTC only) several years ago, then stopped it suddenly. Their competitor, Tiger Direct did the same thing. Now it's apparently on again, with BCH added. I wonder what really changed along the way. I was very happy the first time around - I'm more wary this time, but trying to be optimistic about it. Your subject heading says 2017 btw, but I imagine you mean 2018.