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Newegg itself is not accepting Bitcoin, it is not keeping a balance in Bitcoin, and it has no exposure to Bitcoin related risk. It has a payment processor, Bit
by throwaway5752 12y ago
Newegg itself is not accepting Bitcoin, it is not keeping a balance in Bitcoin, and it has no exposure to Bitcoin related risk.
It has a payment processor, Bitpay, that accepts Bitcoin. As long as you have a competent engineer on staff, it's about as difficult as accepting PayPal.
It's nice that this is happening, but the headline should be, "BitPay lands Newegg as client". The maturity of the services around Bitcoin helps everyone that holds them, so it's not unimportant. It's just a very, very far stretch from a merchant directly accepting and holding a currency balance in BC.
- aroch 12y ago> it's about as difficult as accepting PayPal Hah! Bitpay fails often, and it fails in mysterious ways. Manual intervention on up to 10% of payments is no beuno.