Newegg can use Bitcoin payments for Canadian shoppers

Newegg, an online computer hardware and consumer electronics, announced recently that will accept Bitcoin payments for purchases. The Bitcoin is now listed among the accepted transaction methods.

Newegg revealed its new adoption of cryptocurrency in a recent press release.

Newegg accepted the Bitcoin payments even since August 2014. This made the company Newegg one of the most revolutionary retailers to accept Bitcoin. Since Newegg made the announcement about the use of Bitcoin, the number of people who use effectively Bitcoin is quite small.

Since the first introduction of Bitcoin, the number of users has increased gradually. Now that people have more faith in Bitcoin, Newegg decided to introduce new digital payment methods. The extension of Bitcoin transactions took place from United States to Canada as well.

Canadian shoppers will now have the same ability as Americans in using Bitcoin payments at Newegg.

“In 2014 Newegg was among the first major companies to offer customers a Bitcoin payment option,” said Newegg CEO, Danny Lee, in the company’s press release. “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.”

For Newegg is something normal the introduction of Bitcoin as a method of payment. The retailer has already for a long time a partnership with BitPal. This made possible for the two companies to work together and implement for Canadian the Bitcoin payment method.

BitPal will continue to manage all Newegg’s Bitcoin payments, including both those taking place in the United States and the new ones in Canada. The retailer is counting on the growing acceptance and adoption of cryptocurrency, which has seen astounding overall growth in its value over the last while.

Though volatile and controversial, many investors feel that cryptocurrencies will play an increasingly important role in the future payments market. On the other hand, some experts are highly concerned that this is little more than a bubble about to burst. Clearly, Newegg sees this as a risk well worth taking.