July 29, 2021 – Los Angeles, CA – Newegg Commerce, Inc. (NASDAQ: NEGG), one of the leading tech-focused e-retailers in North America, announces that it is expected to become the first major online shopping destination to accept Litecoin as payment on the BitPay platform starting this week. Customers shopping on Newegg.com will have the option of paying with Litecoin using the BitPay Wallet app.
“Newegg has always been quick to offer its customers innovative new ways to pay, and we’re pleased to be the company’s partner in making that happen,” said Stephen Pair, CEO at BitPay. “As the enthusiasm and excitement around cryptocurrency continue to grow, Newegg demonstrates once again that it’s committed to making it easy for customers to shop their way with a growing array of payment options that cater to crypto fans.”
Charlie Lee, creator of Litecoin and managing director of the Litecoin Foundation shared, "Litecoin's fast transaction times and super low fees are ideal for an ecommerce giant like Newegg. We're extremely excited that Litecoin is now supported by Bitpay, making it very easy for any merchants to accept LTC." Litecoin was launched in 2011 by Charlie Lee, a former Google engineer who created the cryptocurrency as a "lite” version of Bitcoin. While similar in technical nature to Bitcoin, Litecoin offers faster transaction confirmation times – 2.5 minutes on average compared to Bitcoin’s 10 minutes.
Newegg’s longstanding partnership with BitPay dates back to 2014 when the companies first collaborated to enable Bitcoin transactions on Newegg.com – an industry-first at the time that pre-dated Bitcoin’s rise to mainstream prominence in 2017. Subsequently, Newegg was among the first to accept Dogecoin in early-2021, cementing the company’s place as a preferred destination for customers to pay with crypto. Today, Newegg builds on its reputation as an e-commerce innovator as it becomes the first merchant to accept Litecoin through BitPay.
“Delivering a better online shopping experience isn’t only about price and selection – it’s also important to let people shop however they want, and that extends to offering flexible payment options,” said Andrew Choi, Sr. Brand Manager of Newegg. “We're thrilled to accept Litecoin, as we believe that convenient payment options improve the overall shopping experience for all our customers."
When completing an order on Newegg.com, customers who want to pay with Litecoin simply click “Edit” in the payment section on the checkout page, then select BitPay. Customers can then complete their transactions using Litecoin held in their digital wallet. Click here for full details about paying with BitPay on Newegg.com.
For more information and to shop Newegg, visit newegg.com.
About Newegg Commerce, Inc. - Newegg Commerce, Inc.(NASDAQ: NEGG), headquartered in the City of Industry, California, is a leading tech-focused e-retailer in North America and serves a global customer base throughout Europe, Asia Pacific, Latin America and the Middle East. Founded in 2001, the company offers direct sales and an online marketplace platform for PC and IT hardware, consumer electronics, automotive, gaming products and finished goods. Newegg also offers an extensive portfolio of technology, marketing, logistics and other partner services to help companies grow their business. For more information, please visit
About BitPay - Founded in 2011, BitPay celebrates its 10th birthday this year as one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company's mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding for leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.
