Newegg To Expand Bitcoin (BTC) Payments To More 73 Countries
Newegg, an online electronics and software company, has recently decided to start out Bitcoin payments for several new countries. Now, 73 new nations are about to receive BTC payment services from the company.
The announcement happened this week and the company, which is based in the U. S., affirmed that its stores will start to receive BTC all over the world. At the moment, the company is present in 80 different countries but only some of them were able to receive this kind of payment so far.
Initially, Bitcoin payments were only accepted in the United States. This dates back to 2014 when Bitcoin was not so popular as it is today. Canada was the second country to receive this kind of payment. However, Canadian payments were halted back in 2017 and will be resumed now.
Unfortunately, not all countries are set to receive the BTC payments. Algeria, Indonesia, Egypt, Ecuador, Vietnam and Morocco will not be able to use the service due to local legislation and similar issues.
Anthony Chow, the company’s president of global sales, affirmed that the company was one of the first major stores to enter the Bitcoin world back in 2014, which is why they always tried to cater to this market. Some customers started to buy goods using this technology as soon as the service was properly started.
Now, the company is committed to expanding a lot more. The decision was made in order to bring innovation to the market and to cater to the needs of the company’s customers.
All payments will be made via a partnership with BitPay, according to Sonny Singh, the Chief Commercial Officer at the Bitcoin payment company. He affirmed that BitPay makes Bitcoin payments as easy as sending an email and the service can be used to open up several new opportunities for customers all over the world.
He also affirmed that, by not charging credit card fees, BitPay allows both sides to spend less money on transactions.