![]() ![]() “Newegg has been the most requested retailer from the bitcoin community and our collaboration will serve this pent-up demand.”īitPay now serves more than 35,000 merchants and has raised over $32 million in venture capital funding. Forward-thinking merchants like Newegg allow bitcoin enthusiasts from around the world to shop with ease,” said Tony Gallippi, BitPay’s Co-founder and Executive Chairman. “Our mission is to make bitcoin every merchant’s favorite form of payment. ![]() BitPay’s singular focus on building enterprise-grade merchant tools helped the company achieve 99.99% uptime – unrivaled reliability in the industry. With BitPay’s platform, Newegg can accept bitcoin payments and also handle refunds and payment exceptions with the most powerful bitcoin API in the industry. Newegg chose BitPay because of the company’s industry-leading reliability and scalability. “Working with BitPay to implement a bitcoin payment option at Newegg was a seamless process and our partnership gives us the capabilities we require for high-volume e-commerce.” Adopting bitcoin as a payment method is another way we’re responding to our customers’ diverse needs,” said Soren Mills, Chief Marketing Officer for Newegg North America. “Newegg’s customers are among some of the earliest bitcoin miners and are enthusiastic proponents of the crypto-currency. Newegg’s acceptance of bitcoin payments adds yet another convenient and secure way for its customers to fulfill their e-shopping needs. The company’s more than 25 million registered customers can now pay for more than 10.5 million products including electronics, computers, game consoles and household items using bitcoin through BitPay. J– Los Angeles, CA – Newegg, the leading electronics e-retailer in North America, today announced a partnership with BitPay to accept bitcoin payments on (#NeweggBitcoin). Partnership Brings Secure and Reliable Bitcoin Payments to Newegg’s 25M+ Customers Fast Food Restaurants: Pizza Hut and Burger King (Venezuela), KFC (Canada), Quiznos (Denver airport), Subway (several branches).Newegg Partners with BitPay to Add Bitcoin Payment Option Press Release."There's going to be many more places with that service - that you'll be able to spend crypto and do it in an in-person setting, which may make people more comfortable trying it out than perhaps if it's on a website where they're not sure if they're doing it right or wrong." What companies accept Bitcoin and other cryptocurrencies?Īs blockchain technology grows, although it is still confusing to many, more and more companies are embracing its use for payments, such as the following corporations that accept cryptocurrencies as payment. "I think in 2022, you'll see many more people - that next wave of people - getting interested in crypto both from an investment perspective and a 'let's try it for a payment' ," Stephen Pair, CEO of crypto payments processor BitPay, said. public owns or owned cryptocurrencies, primarily bitcoin, although Ethereum's ether tokens continue to gain traction, plus another 17% already planned to dive into cryptocurrencies by the end of Q2 2022. Research indicates that 14% to 15% of the U.S. Just to be clear about its recent impact, this payment provider accumulated $5.3 billion in cryptocurrencies processed in 2021, more than 800 satisfied B2B (merchant) customers and accumulates 7% of all on-chain Bitcoin transactions, in addition to accepting more than 50 crypto and fiat currencies. Much of the positioning of cryptocurrencies has been thanks to the fact that more people and industries are making use of new payment systems, such as Coinspaid, which was recently awarded as Payment Provider of the Year during the 2021 AIBC Summit in Dubai. The exponential growth of cryptocurrencies is a reality, with Bitcoin as the best positioned, something that few would have imagined years ago, much less that people are starting to use them as a form of payment.
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