TigerDirect accepts Bitcoin via BitPay

Tuesday 28 January 2014 09:22 CET | News

Multichannel computer and electronics retailer TigerDirect has partnered with BitPay, a merchant processor for virtual currencies, to accept Bitcoin as a payment method.

Under the agreement, TigerDirect became the first retailer to accept Bitcoin as a form of payment. The company will now be accepting Bitcoin as a method of payment on over 200,000 of its products via BitPay.

Bitcoin is a peer-to-peer digital currency that functions without a central authority and was first introduced in January 2009. Bitcoins are stored in anonymous ‘electronic wallets’ or code, and can travel from one wallet to another by means of an online peer-to-peer network transaction.

In recent news, TigerDirect has integrated by Visa to help online payments for its e-commerce site, as well as its mobile and tablet web sites.

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Keywords: TigerDirect, Bitcoin, BitPay, online payments
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce