In the morning of Polish time, Newegg announced on Twitter surprising news. The company accepts payments in Dogecoin (DOGE).
Newegg opens up to DOGE
A few hours ago, the company posted the following tweet:
We are now accepting #dogecoin as an official payment method via BitPay.
Simply click “Edit” in the payment section during checkout, select @BitPay, and complete your transaction.
– Newegg (@Newegg) April 20, 2021
Newegg added Dogecoin as the new official payment method. The company said the new feature was introduced in conjunction with Doge Day – a cryptocurrency holiday organized by DOGE supporters to be celebrated on April 20. Supporters of this controversial cryptocurrency apparently hope that DOGE will hit $ 1 today. At the time of writing, the rate is $ 0.4.
Newegg’s senior brand manager Andrew Choi said there was a growing interest in the cryptocurrency-meme “Undeniable”.
– The recent surge in Dogecoin’s value highlights the need to make it easier for customers to buy with this popular cryptocurrency – he noticed.
Newegg became one of the first major online stores to accept Bitcoin (BTC) when the company partnered with BitPay in 2014. Initially making its debut in the United States, the company expanded its payment option to more than 70 countries.
– We are committed to making it easier for our customers to shop in the way that is most appropriate for them, which means that we enable them to make transactions using the payment method that suits them best. To that end, we are happy to provide Dogecoin fans with an easy way to shop online – Choi said.
Newegg’s opening to Dogecoin payments comes amid the DOGE price surge, with altcoin gaining over 480% in the past seven days. On April 19, DOGE’s market capitalization reached $ 50 billion for the first time in history, and the coin hit an all-time high of $ 0.45.
DOGE is also the favorite cryptocurrency of Elon Musk, who often tweets about it, which often drives its course.
However, not all of them are supporters of DOGE. Cardano founder Charles Hoskinson says the DOGE bubble will end tragically.
– DOGE has always been a kind of inner joke for our industry, a fun, light thing. It just seems to always exist but [jest] something we have never taken seriously in most cases. Recently, largely thanks to the efforts of Elon Musk and market manipulation by clever whales, Doge has become a haven for new players in the cryptocurrency space – He said. – Let’s be clear – this is a bubble. The DOGE price is not sustainable. It will collapse and a huge amount of retail investor money will be lost very quickly – added.