Will Electronics Retailer Newegg Follow Overstock's Lead and Accept Bitcoin?

Newegg, one of the largest online electronics retailers, made the announcement today that it will begin accepting bitcoin. To many of the company's customers, the announcement was a long time coming. After Overstock began accepting bitcoin in January, Newegg shoppers took to social media, wondering when the company would open up the option of bitcoin as a payment method. Newegg will now be able to offer bitcoin payment options to its over 25 million customers for its extensive product offering of over 10.5 million products. The computer hardware and software e-retailer is one of the....

Yesterday Newegg posted a tweet that sparked the rumors of whether or not they would start accepting Bitcoin as a payment source. This is the first time we have heard anything official from Newegg about implementing Bitcoin: Still waiting for an update, but will let you all know as soon as we receive word! RT @TheIanMerrill: @Newegg do you take #bitcoin yet? - Newegg (Official) (@Newegg) January 9, 2014. Newegg is an online retailer of computer software and hardware with a revenue of more than 2.5 Billion USD annualy. If they start to accept Bitcoin, as Overstock.com did yesterday, we....

Major electronics e-retailer Newegg is now accepting bitcoin for their inventory of over ten million products that include consumer electronics, computer systems, video games, and even household utilities in a move that will rattle how bitcoin enthusiasts shop for electronics on the internet. Any one of the California-based company's 25 million registered customers can now take advantage of paying for their goods in the emerging digital currency that has grown tremendously in the past two years thanks to a partnership with Atlanta, Georgia-based BitPay. "Newegg's customers are among some....

TigerDirect now accepts Bitcoin payments. If you're going to shop at TigerDirect, Bitcoin is now a payment option during the checkout process. The online electronics giant currently sells over 200,000 different products over the Internet, and they are the first large electronics retailer to accept Bitcoin payments from their customers. This move makes a lot of sense for a company that focuses on selling electronics over the Internet, and some will be surprised that it did not come sooner. This could force Newegg, another major electronics retailer, to make a similar move. Why Accept....

In late January, electronics retailer TigerDirect began accepting bitcoin payments, becoming the second large-scale retailer to do so following Overstock.com. A day later, we learned that the store had reeled in a whopping $250,000 worth of sales paid for in the digital currency, breaking that which Overstock brought in. Today, bitcoin news website CoinDesk is reporting that the online retailer has broke the $1 million mark as of the 13th of March - nearly 50 days after first beginning to accept it. On the 4th of March, Overstock.com announced they passed the $1 million marker, and....