On March 28 the popular online electronics merchant Newegg announced its now allowing residents from Canada the ability to pay for goods using cryptocurrencies. Through its partnership with the payment processing firm Bitpay, the company feels its the right time to offer Canadian customers the ability to pay for items with the digital currencies BCH and BTC.
Broadening Acceptance of Bitcoin to Our Customers in Canada
The e-commerce store Newegg has accepted BTC in the U.S. since 2014 and was one of the earliest electronics merchants to take cryptocurrency for payments. According to the firm’s recent announcement since then digital currency transactions have represented a “growing stream of purchase transactions.” Following this trend, Newegg states that is now offering Canadian customers the ability to pay with BCH and BTC. The firm details that cryptocurrencies have grown more popular over the last year with “increasing mainstream awareness.” Danny Lee, Newegg’s CEO explains during the announcement:
In 2014 Newegg was among the first major companies to offer customers a bitcoin payment option — Since that time the value of bitcoin has skyrocketed and customers holding bitcoin have considerably more purchasing power — We believe the time is right to broaden our acceptance of bitcoin to our customers in Canada.
Cryptocurrency Traction in Canada
Canadian cryptocurrency users will have access to Newegg’s variety of computers, electronics, games, office supplies, and more by utilizing Bitpay’s payment processing software. When purchasing an item users are directed to an invoice that allows them to choose between the BTC and BCH networks.
The payment service provider Bitpay says they plan to facilitate all cryptocurrency transactions in both the U.S. and Canada for Newegg. The Atlanta based company’s API also allows Newegg customers paying in BCH and BTC the ability to get a refund. Bitpay CEO and co-founder Stephen Pair says the firm has seen a lot of action within the Canadian borders.
“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,” explains Pair.