Newegg Jumps On Board with 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....
Related News
Newegg, the online electronics retailer worth at least $2bn in annual revenue, has tweeted yet another hint that it will begin accepting bitcoin payments in the near future. The California-based company posted this teaser today: 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. There has been much online speculation over the past month as to what Newegg might be planning. A company of this size accepting bitcoin would be one of the biggest gestures toward....
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....
Newegg is celebrating Bitcoin Black Friday with special Newegg Bitcoin only deals which highlight Bitcoin's superiority as a medium of exchange. Since starting to accept Bitcoin in the summer of 2014, Newegg has quickly warmed up to the Bitcoin community. Back in July, Newegg offered 10% off to users paying in Bitcoin for an entire week. Later, in September, Newegg briefly offered 30% off to Canadian Bitcoiners with the launch of their Bitcoin acceptance at Newegg.ca. Newegg has also previously trialed a Bitcoin-only deal on a specific, high-demand item. In August, Newegg sold the popular....
In a release from earlier today, rumors surrounding a new BitPay partner have now been confirmed. Newegg is now accepting Bitcoin. Like competitor TigerDirect, Newegg uses American Bitcoin payment processor BitPay to immediately settle Bitcoin payments into fiat, much in the same way that they accept other digital currencies of the more centralized flavor, such as PayPal and VISA. At press time, Newegg has not yet revealed if they are converting 100% of the Bitcoin received into USD, or whether or not they are keeping a percentage in Bitcoin, like Overstock.com does. Unfortunately for....
Newegg has launched an official page on its website dedicated to its new bitcoin program and its related promotions. The company now says the promotion will run until midnight on 1st September, "while funds and/or supplies last". The article below has been amended to include these conditions. Newegg's customer service team is now advising customers that Newegg's advertised discounts were limited promotions. Online retail giant Newegg has announced that Canadian customers can now use bitcoin to complete purchases via Newegg.ca. With the expansion, Newegg becomes the second major online....