Litecoin (LTC) has become the latest payment option to be added to BitPay. Thus companies that use BitPay will accept LTC as a payment option. According to reports, Newgg.com will be the first merchant to accept LTC via BitPay.
Commenting about the new adoption, LTC creator Charlie noted that its fast transaction time and super-low fees would be ideal for eCommerce giants like Newegg.
“We’re extremely excited that Litecoin is now supported by BitPay, making it very easy for any merchants to accept LTC.”
Newegg.com started utilizing BTC as a payment option back in 2014. At that time, the BTC payment option was online available in Canada and the United States. Three e-retailer partnered with BitPay, they witnessed some success that enabled them to expand to 73 countries by 2019.
Speaking about Litecoin adoption, Newegg Senior Brand Manager Andrew Choi noted that the online shopping destination first accepted Bitcoin as a form of payment, and now, they accept Litecoin. Choi added that the momentum around cryptocurrency is undeniable and is making online shopping easy.
“The excitement and momentum around cryptocurrency are undeniable, and we are committed to making it easy for our customers to shop online.”
Newegg also added Dogecoin as a form of payment back in April. BTC, DOGE, and LTC are among the 12 cryptocurrency payment options that are available on BitPay. Though LTC is nowhere near the height it reached in May, data show that it had a positive momentum around 20th July.