Popular tech retailer Newegg announced a significant step toward crypto adoption, confirming that it will be providing bitcoin payment options to consumers in 73 countries.
Anthony Chow, Newegg’s president of global sales, said that the move is in line with its objective to drive innovation within the e-commerce industry.
“Broadening the ability to pay with Bitcoin to the majority of our global network underscores our commitment to bring innovation to the online shopping experience, and answers customers’ growing preference for our Bitcoin payment option,” Chow said, per a press release.
With this move, the U.S.-based retailer, which has been accepting bitcoin payments from U.S. and Canadian shoppers since 2014, is now making the payment option available in the vast majority of countries it serves.
Cryptocurrency payment processor BitPay will facilitate all bitcoin transactions on Newegg’s platform, according to the announcement.
Earlier in 2019, telecom giant AT&T added bitcoin support for customers to settle their bills online. The Dallas-based mobile carrier also teamed up with BitPay to offer customers the option.
Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system.