Newegg, an online retailer that focuses on items such as computer hardware and consumer electronics has today announced on their Twitter account that they are considering accepting Dogecoin as a payment. They have encouraged readers of the tweet to let them know if they want this to happen.
This would represent another landmark moment for the meme-inspired cryptocurrency as yet another respected outlet is taking DOGE seriously and giving more usage to a coin that was only a few months ago considered practically worthless.
Who Are Newegg?
The company was originally founded in 2001 by Fred Chang, a U.S immigrant from Taiwan. Just three years later Newegg recorded a sale revenue of just under $1 billion dollars which represented a rapid growth. The following year they were able to report sale revenue of $1.3 billion. In 2009 Forbes listed Newegg at 234 on America’s Largest Private Companies list.
This should give some indication of how big this company actually is and the potential domino effect a company like this can cause by embracing crypto. On this site, we are always thinking of the bigger and if this comes off it would really be a step into a brave new world from a company that would be considered as part of the establishment.
Newegg has now been in business for exactly 20 years and sells its products worldwide. They currently employ over 1,500 people and in 2016 recorded a record revenue of $2.6 billion dollars. You can head over to their site newegg.com if you want to learn more.