You can now buy PC components at Newegg using Dogecoin

jsilva

Posts: 85   +0
Staff
What just happened? If you have some Dogecoins to spare, you may now use them to pay for your next PC upgrade. Following its acceptance of Bitcoin as a payment option, Newegg has announced that customers can use Dogecoin to pay for their goods as well.

The meme cryptocurrency is on a winning spree. After a surge in interest earlier this year, mostly because of Elon Musk's tweets, Dogecoin jumped from ~$0.0075 on January 27th to ~$0.36 as of today. This translates into a massive 4,800% increase in less than three months, leading many to stop seeing this cryptocurrency as a meme, including Newegg.

In celebration of DogeDay (4/20), Newegg has announced that starting today, Dogecoin will be accepted as a payment option via Bitpay in Newegg.com.

Newegg's embrace of Dogecoin may come as no surprise to some. Back in 2014, Newegg was one of the first major retailers to take Bitcoin as a form of payment. Now that Dogecoin is also accepted, maybe the retailer will introduce other cryptocurrencies as payment methods as their popularity rises.

"The excitement and momentum around cryptocurrency are undeniable, and the recent surge in Dogecoin value underscores the need to make it easier for customers to make purchases with this popular cryptocurrency," stated Andrew Choi, Senior Brand Manager at Newegg. "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 pay for your order on Newegg.com using Dogecoin, click "Edit" in the payment section during checkout, select BitPay, and complete your transaction using the Dogecoin on your wallet. Once BitPay is selected, you will have 15 minutes to complete the payment. Using Dogecoin as a payment method incurs fees that have to be handled by the customer. In case of a refund, Newegg will reimburse you with a gift card.

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ikesmasher

Posts: 3,108   +1,500
Im honestly devastated that I will never be able to make a normal doge meme ever again. Its like 10% of my entire personality gone.
 

terzaerian

Posts: 902   +1,288
It's definitely time to buy some of this coin
A lot of crypto enthusiasts seem contemptuous of Dogecoin, which I've never understood, but at the same time, I would be cautious. Something like 90% of the tokens are held by whales, and it's inflationary (as opposed to Bitcoin, which has a hard limit on supply), so a move by a handful of individuals could cause the price to tank, and really tank, not just slip 10% like BTC does on a bad day. This is a problem even Elon Musk has acknowledged:


So don't necessarily avoid, but do use good sense and put in only what you can afford to hold.
 

Adi6293

Posts: 797   +1,061
A lot of crypto enthusiasts seem contemptuous of Dogecoin, which I've never understood, but at the same time, I would be cautious. Something like 90% of the tokens are held by whales, and it's inflationary (as opposed to Bitcoin, which has a hard limit on supply), so a move by a handful of individuals could cause the price to tank, and really tank, not just slip 10% like BTC does on a bad day. This is a problem even Elon Musk has acknowledged:


So don't necessarily avoid, but do use good sense and put in only what you can afford to hold.

I will put like £50 into it, since it's super cheap and if in few years it's worth something it's a bonus : -)