Online Retail Giant Newegg Now Accepts Bitcoin

“Popular online computer hardware and software retail giant Newegg has announced it is now accepting bitcoin as a payment option – a move that had been widely anticipated by its customers.  The Los Angeles-based company, which recorded $2.8bn in annual revenue in 2013, made the announcement today, saying it will use BitPay as the payment processor to convert bitcoin sales into US dollars.  The online retail industry has slowly been opening the doors to bitcoin buyers since late last year. Newegg’s direct competitor TigerDirect began accepting bitcoin in January, following Shopify’s addition of the digital currency as a payment option for its vendors back in November 2013.”

http://www.coindesk.com/online-retail-giant-newegg-now-accepts-bitcoin/

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