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Newegg

newegg.com

Founded Year

2000

Stage

Reverse Merger | IPO

Total Raised

$30M

About Newegg

Newegg.com is an online e-commerce company that focuses on computer hardware and software, consumer electronics, and communications products and reaching do-it-yourselfers, hard core gamers, students, small to medium-sized businesses, IT professionals, resellers, and consumers that desire a digital lifestyle.

Headquarters Location

16839 East Gale Avenue

City of Industry, California, 91745,

United States

626-271-9700

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Expert Collections containing Newegg

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Newegg is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

10,025 items

Newegg Patents

Newegg has filed 3 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/14/2014

2/20/2018

Pricing, Marketing techniques, Marketing, Mobile content, Computer peripherals

Grant

Application Date

1/14/2014

Grant Date

2/20/2018

Title

Related Topics

Pricing, Marketing techniques, Marketing, Mobile content, Computer peripherals

Status

Grant

Latest Newegg News

Ten well known retailers that now accept payments in cryptocurrencies

Jan 24, 2023

Cryptocurrency, a digital or virtual currency that uses cryptography for security, is becoming an increasingly popular method of payment. As more people buy cryptocurrency, cryptocurrency becomes more mainstream, and more retailers are beginning to accept it as a form of payment. In this article, we will take a look at some well known retailers that now accept payments in cryptocurrency.Overstock.comOverstock.com is an online retailer that sells a wide variety of products, including furniture, home decor, and clothing.In January 2014, Overstock became the first major retailer to accept Bitcoin as a form of payment. Today, it accepts a variety of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. <figure class=" sqs-block-image-figure intrinsic "> ExpediaExpedia is an online travel booking website that allows customers to book flights, hotels, and rental cars. In June 2014, Expedia announced that it would begin accepting Bitcoin as a form of payment for hotel bookings. However, in 2018, it stopped accepting Bitcoin, but in 2021, it announced it would again accept Bitcoin and other cryptocurrencies for hotel bookings.MicrosoftMicrosoft is a multinational technology company that sells a wide variety of products, including software, personal computers, and gaming systems. In December 2014, Microsoft announced that it would begin accepting Bitcoin as a form of payment for certain products on its website, including games and apps for Xbox and Windows. <figure class=" sqs-block-image-figure intrinsic "> DellDell is an American multinational computer technology company that sells a wide variety of products, including personal computers, servers, and storage devices. In July 2014, it announced that it would begin accepting Bitcoin as a form of payment on its website. Dell accepts Bitcoin through a partnership with Coinbase, one of the largest cryptocurrency exchanges in the world.ShopifyShopify is an e-commerce platform that allows businesses to create their own online stores. In 2013, it added support for Bitcoin, allowing merchants on its platform to accept Bitcoin as a form of payment. It allows its merchants to easily integrate Bitcoin and other cryptocurrency payments into their e-commerce websites, making it easy for small businesses to start accepting cryptocurrency.AT&TAT&T is an American telecommunications company that provides a wide range of services, including wireless, internet, and television. In May 2019, it announced that it would begin accepting payments in Bitcoin via BitPay. This move allows AT&T customers to pay for their services using a digital currency, providing an additional option for payment and allowing them to take advantage of the security and speed of cryptocurrency transactions. <figure class=" sqs-block-image-figure intrinsic "> Whole FoodsWhole Foods is a grocery store chain that specialises in natural and organic products. In 2019, it announced that it would begin accepting Bitcoin, Ethereum, and other cryptocurrencies at certain store locations via the Flexa app. This move enabled customers to use their digital assets to purchase groceries at Whole Foods, expanding the use cases for cryptocurrency beyond speculative investments.TeslaTesla is an American multinational corporation that designs, manufactures, and sells electric vehicles, renewable energy, and energy storage. In 2021, it announced that it would begin accepting payments in Bitcoin for its products. This move positions Tesla as one of the first major companies to accept Bitcoin as a form of payment, and it could potentially lead to more widespread adoption of cryptocurrency in the retail industry.RakutenRakuten is a Japanese e-commerce giant that accepts multiple cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Ripple. It is one of the most famous online retailers in Japan, and accepting cryptocurrency enables it to cater to the growing number of cryptocurrency holders in Japan and around the world. It also helps Rakuten to be at the forefront of innovation and technology.NeweggNewegg is an online retailer that specializes in computer hardware and consumer electronics. In August 2014, Newegg announced that it would begin accepting Bitcoin as a form of payment on its website. Newegg accepts Bitcoin through a partnership with BitPay, a cryptocurrency payment processor.Why are retailers accepting cryptocurrency?There are several reasons why retailers are beginning to accept cryptocurrency as a form of payment.First, cryptocurrency offers a fast, secure, and decentralized method of payment. Transactions made with cryptocurrency are processed almost instantly and are secure due to the use of cryptography.Second, cryptocurrency can help retailers reach a wider audience. As more and more people begin to use and invest in cryptocurrency, retailers who accept it as a form of payment can tap into this growing market.Third, accepting cryptocurrency can help retailers save on transaction fees. Traditional payment methods, such as credit cards, often come with high transaction fees. In contrast, many cryptocurrency payment processors charge lower fees.ConclusionAs cryptocurrency becomes more mainstream, more retailers are beginning to accept it as a form of payment. Overstock.com, Expedia, Microsoft, Dell, and Newegg are among the well known retailers that now accept payments in cryptocurrency. Retailers are accepting cryptocurrency because it offers a fast, secure, and decentralised method of payment that can help them reach a wider audience and can help them save on transaction fees. As more retailers begin to accept cryptocurrency, it is likely that we will see even more widespread adoption of this digital currency.

Newegg Frequently Asked Questions (FAQ)

  • When was Newegg founded?

    Newegg was founded in 2000.

  • Where is Newegg's headquarters?

    Newegg's headquarters is located at 16839 East Gale Avenue, City of Industry.

  • What is Newegg's latest funding round?

    Newegg's latest funding round is Reverse Merger.

  • How much did Newegg raise?

    Newegg raised a total of $30M.

  • Who are the investors of Newegg?

    Investors of Newegg include Hangzhou Liaison Interactive and Insight Partners.

  • Who are Newegg's competitors?

    Competitors of Newegg include Ngame.

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