Online Electronics and Software firm Newegg has lately decided to roll out Bitcoin Payments for some new countries. Now, 73 new nations will receive BTC payment from the company.
On July 24, U.S. based firm announced that it will soon begin to receive BTC from all around the globe. As of now, cryptocurrency can be used a mode of payment in 80 nations around the world.
In the Beginning, Bitcoin Payments were only accepted in the United States. This points back to 2014, when Bitcoin payments were not known around the world. Canada was the second country to receive bitcoin payment. But due to some reason, they stopped accepting Bitcoin payments in 2017 and will resume now.
Anthony Chow, Newegg President Global Sales said, “Five years ago, we were one of the first major online shopping destinations to accept Bitcoin, and our early-adopter customers were quick to embrace this new payment option.”
Providing service in 73 new locations emphasizes our commitment to bring change in the online shopping experience, and answers customers’ increasing priority for our Bitcoin payment option.
The latest achievement is possible after Newegg made a collaboration with the Blockchain payments provider BitPay.
Sadly, not all countries will be able to receive BTC payments. Some of the nations, such as Algeria, Indonesia, Egypt, Educator, Vietnam, Morocco, will not be able to take benefit of this service because of regulatory rules and other issues.
Sonny Singh, who is the Cheif Commercial Officier at the Bitpay, said;
“Bitcoin allows users to send and receive money just as easy as sending an email, opening up opportunities for businesses and consumers globally as a secure, low-cost transactional option for the merchants. Newegg was among the first companies to see this opportunity and has continued to expand its Bitcoin acceptance to nearly all of its customers around the world.”
Newegg said by Integrating Bitpay into its system; it enables the company to increase its margin on each bitcoin transaction by not charging credit card fees.