Newegg Online Electronics Store Accepts Shiba Inu Crypto During Holidays
Large US electronics retailer Newegg continues to dive into allowing payments in major cryptocurrencies and mems, Shiba Inu (SHIB).
Newegg officially announced on November 29 that it would begin accepting SHIB as part of its holiday promotional campaign, starting “in early December”.
– Newegg (@Newegg) November 30, 2021
In order to activate the new payment option, Newegg has partnered with the cryptocurrency payment platform BitPay. The company previously unblocked payments in another dog-themed digital currency, Dogecoin (DOGE), via BitPay in April 2021.
“Through our partnership with BitPay, we have the ability to scale quickly and dominate the market with flexible cryptocurrency payment options. To that end, we are delighted to offer SHIB as a payment option on Newegg.com, ”said Andrew Choi, Brand Marketing Director of Newegg.
Cointelegraph has contacted Newegg with additional queries and will update this article pending further information.
Related: AMC Theaters CEO plans to add Shiba Inu as payment method for ticket purchases
As previously reported, Newegg became one of the first major online shopping stores to accept Bitcoin (BTC) when the company first partnered with BitPay in 2014. Initially launching the feature in the United States, the company then extended the payment option to more than 70 countries.
The adoption of crypto for payments is gaining ground in various industry verticals. Last month, American film company AMC announced that it was finally accepting four major cryptocurrencies: Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), after months of indexes.