Sales Surge for Electronics Firm After Bitcoin Black Friday

Sales Surge for Electronics Firm After Bitcoin Black Friday

Just over a week since Adafruit Industries announced you could pay for their products with bitcoin, the DIY electronics merchant has raked in tens-of-thousands of dollars in the cryptocurrency. "We can say it's in the multiple tens-of-thousands of USD," Adafruit founder Limor Fried told CoinDesk. The company's sales were boosted by Bitcoin Black Friday (bitcoin's answer to the discount-shopping holiday that follows Thanksgiving), which generated a record day of transactions for bitcoin payment processor BitPay, the service Adafruit uses. Furthermore, in a curious twist, at least one....


Related News

Bitcoin Shoppers Eager to Spend Their Bits on this Bitcoin Black Friday

It's the day after Thanksgiving, and here in the United States that means it's Black Friday - the biggest shopping day of the year. And while the vast majority of users will be paying for their items in cash and credit cards, the folks using bitcoin haven't been left out. Bitcoin Black Friday is in full swing, and users of the digital currency have the opportunity to get fantastic discounts online. What's better is the fact that this expands beyond the borders of the United States, including the international community in this shopping holiday unlike any other. Last year, Bitcoin Black....

Bitcoin Black Friday: Merchants and Impact on Bitcoin

Bitcoin Black Friday is known to the bitcoin community as the biggest single day of spending for Bitcoin merchants. Much of bitcoin’s economy revolves around its real world use; Bitcoin Black Friday encourages this idea by offering incentives for purchasing with Bitcoin. On this day, hundreds of discounts will be offered exclusively to Bitcoin buyers on electronics, holiday gifts, clothing, and much more. With over 150 participating merchants, Bitcoin Black Friday promises to be the biggest day of spending for Bitcoin. Much information was released last Friday in regards to Bitcoin Black....

Bitcoin Black Friday 2014 Soon to Be "Most Popular Day in the History of Bitcoin Commerce"

Bitcoin Black Friday has become a household name to Bitcoiners around the world, even those that don't celebrate Thanksgiving, the reason for Black Friday's commercial existence. Over the past year, larger and larger merchants have started experimenting with holding the bitcoins that they receive, or offering bitcoin discounts or even bitcoin-only deals. This year's Bitcoin Black Friday is likely to set a new standard for Bitcoin-only deals. Also read: The Future of Everyday Life with Digital Currencies. BitPay Reminds Bitcoin Merchants to Participate In Bitcoin Black Friday. Earlier this....

Dogecoin Merchants Invited to Join Bitcoin Black Friday

Dogecoin merchants are all set to jump on the Bitcoin Black Friday bandwagon, confirms Jon Holmquist, the founder of BitcoinBlackFriday.com. Touted as one of the biggest Bitcoin events covered by media, Bitcoin Black Friday is scheduled to kick start on November 28th - the day after Thanksgiving. According to Holmquist, he and his team are targeting at least 6,000 merchants to put their Black Friday sales on BitcoinBlackFriday.com. To ensure premium publicity, the founder is seeking help from one of the most active digital currency communities, Dogecoin. In return, the "Dogefather of....

Bitcoin Merchant: Price Drove 20.4% Growth in Black Friday Sales

Figures following Bitcoin Black Friday 2015 look to have quashed fears the event is losing its appeal in the international Bitcoin community. Meanwhile, a Bitcoin merchant reveals a noticeable correlation between bitcoin price and sales. In a post championing the financial advantages of accepting Bitcoin, one merchant noted year-on-year sales had....