Key facts:
The service is available to users in Brazil, Chile, Colombia, Paraguay, Peru and Uruguay.
Newegg management said they offer facilities for customers to pay with cryptocurrencies.
Customers of the online chain Newegg can now use litecoin (LTC) to buy hardware and electronic products from 6 countries in Latin America and other parts of the world. This possibility has been available since Thursday, July 29, when the Bitpay payment platform announced that it added support for the altcoin.
The online shopping site operates in countries in North America, Europe, Asia Pacific, the Middle East and in Latin America, particularly in Brazil, Chile, Colombia, Paraguay, Peru and Uruguay.
In a press release, Bitpay reports that Newegg is the first merchant affiliated with its platform to accept LTC as a payment method. However, the company has the expectation that other businesses will soon enable support.
By accepting LTC as a form of payment, Andrew Choi senior manager of the online retailer spoke of the excitement and momentum around cryptocurrencies today. That is why he said that the company is so committed that its customers can use them to make their purchases online.
The alliance that exists between Newegg and Bitpay have made shopping with bitcoin (BTC) easier since 2014, in principle, for its clients in the United States and Canada. Then, two years ago, they expanded their base of operations in 73 of the 80 countries in which Newegg operates.
Bitpay additionally accepts other cryptocurrencies, such as ether (ETH), XRP, Dogecoin (DOGE), as well as stablecoins USD Coin (USDC), Gemini dollar (GUSD), Paxos (PAX), DAI and Binance USD (BUSD)
Newegg partnered with BitPay in 2014 to enable bitcoin payments and now does the same with Litecoin. Source: Screenshot / Newegg.
For his part, Charlie Lee, managing director of the Litecoin Foundation, believes that the interest that the cryptocurrency has aroused focuses on offering instant payments at low cost.
As indicated by the Criptopedia, the educational section of CriptoNoticias litecoin (LTC) is a cryptocurrency used in the p2p network that bears the same name and that is used as a unit of account in its accounting book or blockchain. Its protocol is practically identical to that of Bitcoin, where it was born. The protocol software is open source and licensed by the Massachusetts Institute of Technology (MIT).
