Newegg Accepts Crypto, Gets New Global Customers

The Opportunity:

Bitcoin’s volatility made accepting, holding and liquidating cryptocurrency payments an issue for Newegg in addition to the other technical challenges of creating and maintaining their own cryptocurrency acceptance system.

When Newegg wanted to expand the cryptocurrency payment option globally to 72 countries, BitPay was naturally the best fit to scale their acceptance option.

Newegg reports that since the company started accepting cryptocurrency outside North America, the percentage of payments made with cryptocurrency on a global scale has been nearly five times higher than it has been in the United States and Canada during that same timeframe.

See just how effective partnering with BitPay can be for your organization and it's domestic or global payment intiatives.