Online electronics retailer Newegg has declared support for Dogecoin as a form of payment. The Dogecoin addition came amid a meteoric rise in the meme-based cryptocurrency’s value. Dogecoin has climbed more than 480% over the past week, hitting a $50 billion market cap for the first time in history.
Newegg began accepting Bitcoin payments in 2014, becoming one of the major online stores to do so. At the time, Newegg partnered with BitPay on the new payment method, which was initially available in the US. The firm has grown and expanded the payment option across more than 70 countries.
In atweetpublished on the 20th of April, Newegg announced:
“We are now accepting Dogecoin as an official payment method via BitPay. Simply click “Edit” in the payment section during the checkout, select BitPay and complete your transaction. Happy DogeDay to all, Let’s share the good news.”
Andrew Choi, the senior brand manager at Newegg, referred to DOGE’s recent increase as “undeniable.”. He added that the recent surge shows the importance of making DOGE easier for customers to make payments.
At the time of writing, DOGE is up 0.36% to $0.3605. The asset crypto recently reached an all-time high of $0.45.
Image Credit: Pixabay