• With a major e-commerce company on board, Litecoin (LTC) is igniting cryptocurrency adoption

  • Newegg, an online computer retailer, has announced that customers who utilize BitPay on its platform will be able to pay with Litecoin (LTC).

    Customers purchasing on Newegg.com will be able to check out using LTC starting this week, according to a recent press release from the California-based e-commerce giant.

    The integration of Litecoin, according to Newegg’s senior brand manager Andrew Choi, is about making the consumer experience more flexible and convenient.

    “It’s not just about price and selection when it comes to providing a better online shopping experience; it’s also about allowing consumers to purchase how they want, which includes giving flexible payment options.”

    Since 2014, Newegg has used BitPay to accept Bitcoin (BTC) and Dogecoin (DOGE) as payment methods.

    PayPal, the world’s largest payments company, said in February that it would expand its support for digital assets by integrating Litecoin into its mobile payment service Venmo. Travel booking platform Travala, credit card processing provider Aliant Payments, and crypto wealth management platform BlockFi are among Litecoin’s other partners.

    Litecoin has gained 16 percent in the last seven days and is presently trading at $141 at the time of writing.

    In May 2021, Newegg (NEGG) became a publicly traded corporation on the Nasdaq, with a market capitalization of $7.42 billion.

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