Case Study
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.
Note: All information herein is for educational purposes only, and shouldn't be interpreted as legal, tax, financial, investment or other advice. BitPay does not guarantee the accuracy, completeness, or usefulness of any information in this publication and we neither endorse, nor are we responsible for, the accuracy or reliability of any information submitted or published by third parties. Nothing contained herein shall constitute a solicitation, recommendation, endorsement or offer to invest, buy, or sell any coins, tokens or other crypto assets. BitPay is not liable for any errors, omissions or inaccuracies. For legal, tax, investment or financial guidance, a professional should be consulted.
