Although the skyrocketing value of Bitcoin and other cryptocurrencies has dominated headlines over the past few years, there’s more to crypto than the hype and headlines may lead you to believe.Īs a quick refresher, Bitcoin, the original cryptocurrency, was built on the back of a technology known as the blockchain, a public ledger in which transaction information is recorded and stored on groups of files known as blocks. If you think that cryptocurrency is just the domain of speculative investors, think again. If you’ve been keeping up with Newegg Insider’s coverage on cryptocurrency, you already know how crypto and the broader world of blockchain technology open up exciting possibilities. Read on to learn about how BitPay makes shopping with cryptocurrency one of the best ways to pay for your Newegg purchases. Some impressive credentials, to be sure, but what exactly does BitPay do for you, the shopper who loves scouring Newegg for the latest tech? As it turns out, quite a bit. They support Bitcoin and Bitcoin Cash and plan to process payments for an expanding lineup of other cryptocurrencies. Since then, BitPay has become one of the world’s largest cryptocurrency payment providers, processing the equivalent of over one billion US dollars in payments annually. And it’s all thanks to BitPay.īitPay is a cryptocurrency payment processor founded in 2011, just two years after the creation of Bitcoin, making them pioneers in cryptocurrency payments.
That’s why Newegg has accepted cryptocurrency as a payment method for over five years, opening up more ways for customers to buy their favorite tech. That includes keeping up on the latest developments in payment technologies. At Newegg, we pride ourselves on staying at the forefront of all things tech.
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