Online retailer Newegg has announced that its Canadian customers will soon have the option to use Bitcoin for merchandise payments. The California-based company has been offering that payment option to its customers in the United States since 2014. In a press release, Newegg CEO Danny Lee cited several reasons for the company’s decision:
If you live in New York and want to send your preschoolers to one of the city’s two Montessori luxury preschools, don’t expect to put those tuition costs on your credit card. The schools don’t accept that form of payment. However, Montessori Schools co-founder Marco Ciocca wants you to know that the Montessori schools in Flatiron and Soho will be more than happy to accept your Bitcoin. In fact, they now accept Bitcoin, Ethereum, and Litecoin as payment options.
It wasn’t that long ago that cryptocurrency enthusiasts in Russia faced the very real possibility that their government might ban Bitcoin and even jail anyone who owned or used digital currency. Those types of threats are now all but forgotten, as acceptance of digital currency technology is growing by leaps and bounds. That increasing interest in cryptocurrency was perhaps best highlighted by a single Bitcoin merchant transaction at an unidentified Burger King restaurant in Moscow on June 27, 2017.