Newegg Now Accepts Dogecoin Cryptocurrency
Newegg, being one of America’s largest electronics stores, has announced that it is starting to accept Dogecoin as an available payment method for goods. This retailer is renowned in accepting crypto payments, since it began to accept bitcoin payments back in 2014.
Now, when the value of Dogecoin has grown by more than 8 500% in just under a year, the company decided to accept the coin. It is believed that this is due to the rising popularity of cryptocurrencies in recent months. In addition, thanks to the attention of Elon Musk, interest in the meme-coin has only grown since the beginning of 2021. At the moment, the cost of one Dogecoin exceeds $ 0.5.
Why Dogecoin?
To pay for goods with bitcoin; Since 2014 Newegg has been using the Bitpay service. Users must have their own digital wallets with a positive cryptocurrency balance. This payment method takes longer than a normal debit or credit card payment. Users should also take into account any fees that will be included in this form of payment. In the event of a return, Newegg will issue a gift card instead of a regular money order.
The increased attention of cryptocurrencies; affects their price dynamics. The rise in Dogecoin’s value since the beginning of the year, has increased popularity in crypto. This has been a motivation to store owners to enable easier crypto-payments. Businesses investing in allowing their consumers to pay via the most convenient method, proves that businesses care for their consumer welfare. Hence translating to customer loyalty. Now Dogecoin fans at Newegg have an easy way to shop for electronics online.
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