Cryptocurrency

American online electronics retailer Newegg has added Dogecoin (DOGE) as an official payment method amid the ongoing parabolic surge of the meme-based cryptocurrency.

Newegg announced Tuesday that the company added the option through crypto payment platform BitPay.

The firm said that the new feature was introduced in conjunction with Doge Day — a community crypto holiday pushed by DOGE proponents to be celebrated on April 20. According to online reports, Dogecoin advocates apparently hope to see DOGE hit $1 today.

Newegg’s senior brand manager Andrew Choi said that the growing momentum around the cryptocurrency is “undeniable.” “The recent surge in Dogecoin value underscores the need to make it easier for customers to make purchases with this popular cryptocurrency,” he noted.

Newegg became one of the first major online shopping stores to accept Bitcoin (BTC) when the company partnered with BitPay back in 2014. Initially debuting the feature in the United States, the firm subsequently expanded the payment option to more than 70 countries.

“We’re committed to making it easy for our customers to shop however works best for them, and that means letting them complete transactions with the payment method that suits them best. To that end, we’re happy to give Dogecoin fans an easy way to shop online for tech,” Choi stated.

Newegg’s move into Dogecoin payments comes amid a catapulting DOGE price rally, with the altcoin gaining more than 480% over the past seven days at the time of writing. On April 19, DOGE market capitalization hit $50 billion for the first time in history, with the token hitting an all-time high of $0.45.

Articles You May Like

Recovery costs for Maui fire are putting Hawaii’s budget at risk
First Solar jumps on strong quarter, record backlog in rare bright spot for beaten-down renewable sector
Here are this year’s most competitive rental markets
IRS offers new guidance on utilities tapping securitization
Activist Elliott calls for a big buyback at Mitsui Fudosan — 3 ways the company may create value