The crypto industry witnessed multiple rallies over the last couple of months. Bitcoin [BTC] and Dogecoin [DOGE] were undoubtedly the stars of these rallies. Both the assets managed to bag in notable gains further enticing several investors into the industry. Just as prominent platforms across the globe have started viewing the aforementioned cryptocurrencies as promising assets, a prominent retail platform revealed its inclination towards Dogecoin.
In a recent press release, Newegg, North America’s tech-focused online retailer announced its support for Dogecoin as a payment method.
Dogecoin [DOGE] Veers Into Newegg
In the announcement, the e-retailer revealed that it wasn’t new to the crypto industry as it has been embracing crypto, particularly Bitcoin since 2014. Newegg was reportedly one of the first platforms to accept BTC for purchases. Once again, the platform was aiming to be the first few platforms that allow users to pay with DOGE.
Newegg, users who intend to pay with DOGE have to merely select the “Edit” option while making the payment. The users are required to then click on BitPay where they can carry out their payments in DOGE.
The Senior Brand Manager of Newegg, Andrew Choi pointed out that the “excitement and momentum around cryptocurrency are undeniable.” This has been the reason for several platforms to jump onto the crypto bandwagon. More recently, DOGE jumped up in terms of price as well as market cap. The altcoin, during the time of writing, had amassed a total of 422% gains in the last 24-hours. Even though the asset is currently trading for, $0.394, the brand manager suggested,
“[..] the recent surge in Dogecoin value underscores the need to make it easier for customers to make purchases with this popular cryptocurrency. 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.”