US IT retailer Newegg hints at Bitcoin payment acceptance - PC Retail

US IT retailer Newegg hints at Bitcoin payment acceptance

Firm will be the biggest retailer to accept cryptocurrency yet
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Online electronics retailer Newegg has suggested that it may begin accepting Bitcoin payments soon.

Responding to a question over Twitter about whether it accepted the digital currency yet, Newegg said: “Still waiting for an update, but will let you know as soon as we receive word.”

Should it start allowing Bitcoin transactions, the etailer will be the biggest company yet to make the cryptocurrency a viable payment option. The title is currently held by Overstock.com.

The currency has seen its price fluctuate with several recent announcements, hitting a value of over $1,000 per Bitcoin before dropping after the Chinese central bank banned organisations from processing any transactions made in Bitcoin.

The currency value of one Bitcoin at the time of writing is $839.94.

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