Litecoin Adoption Explodes: Newegg E-Retailer Hops On Board

The mass adoption of cryptos and the underlying tech, the blockchain, has been one of the most important goals that the crypto industry set.

There have been a lot of moves made in this direction and they continue these days as well.

Newegg to accept LTC

For instance, it’s been just revealed that the online tech retailer Newegg has announced it will be accepting Litecoin (LTC) as a form of payment for customers who use BitPay on their platform.

In a new press release, they revealed that customers shopping on Newegg.com will be able to check out using LTC starting this week.

According to Newegg’s senior brand manager Andrew Choi, this integration of Litecoin is all about making the customer experience more flexible and convenient.

“Delivering a better online shopping experience isn’t only about price and selection – it’s also important to let people shop however they want, and that extends to offering flexible payment options.”

Another issue worth mentioning is the fact that Newegg has been using BitPay to accept Bitcoin (BTC) since 2014 and Dogecoin (DOGE) since early this year.

We suggest that you check out the complete original notes in order to learn more details about all this.

PayPal boosts crypto adoption

PayPal is another giant that’s been boosting the mass adoption of Bitcoin and crypto through its moves.

Now, more news comes to fuel this statement.

The online publication the Daily Hodl just reported that the payment giant PayPal is preparing to expand its crypto offerings.

“Revenue growth accelerated to almost 70% in Q2, our highest growth rate in the past year, fueled by Venmo’s product diversification strategy. More than 500,000 customers have established new business profiles on Venmo with more than 300,000 created in Q2 alone,” CEO Dan Schulman said.

Schulman was also asked about the company’s plans to engage with crypto and he said that he’s exploring the company’s crypto features and the possibility of expanding them in August.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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