Bitcoin and other cryptocurrencies have experienced monumental rises — and falls — over the last year. In other words, it made some folks really rich, but others weren’t so lucky — depending on the timing of the investment.
If you are still holding onto some Bitcoin, there are plenty of retailers that will accept it as a payment option. Popular computer and accessory seller Newegg even takes it, but only from those in the USA. Today this changes, as the company announces it will now accept Bitcoin from Canadian customers too using the BitPay platform.
Stephen Pair, BitPay CEO says, “Newegg was an early e-commerce adopter of bitcoin, and that leap of faith the company took in 2014 put Newegg on the map as a bitcoin-friendly place for tech enthusiasts to shop. We’re seeing a lot of traction in Canada, and we’re happy to see Newegg extend its bitcoin payment option north of the border.”
With all the negative news surrounding cryptocurrencies lately — both Google and Twitter are banning its advertising, for instance — it’s nice to hear something positive. True, extending the payment option to Canada isn’t a huge deal, but it does signal that Newegg still has confidence in Bitcoin. And that is significant.