Online Retail Giant Newegg Starts Accepting Dogecoin

Electronics-focused online retailer Newegg has started accepting Dogecoin (DOGE) as an official payment method with the help of BitPay, according to its Apr. 20 press release. 

Prior to the official announcement, the company started teasing the news on Twitter, asking Tesla CEO Elon Musk if he would shop with them if they added his favorite cryptocurrency.           

The U.S.-based e-retailer claims that the announcement is meant to celebrate Doge Day, a made-up holiday celebrated on Apr. 20 when the joke coin is supposed to reach $1.     

Andrew Cho, Newegg’s senior brand success manager, claims that the addition of Dogecoin reflects “the excitement and momentum” surrounding crypto: 

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. 

Newegg.com allowed its customers to shop with Bitcoin back in 2014, becoming one of the first major retailers in the world to embrace crypto. Dogecoin is only the second cryptocurrency accepted by the Los Angeles-based company.