TigerDirect.com has announced today that they will be accepting Bitcoin as a method of payment on over 200,000 products. TigerDirect is the first major US electronics retailer and largest company to date to accept the digital currency Bitcoin via BitPay.
Bitcoin has become a modern-day sensation, boasting a payment technology that competes with traditional payment methods. By cutting out the middleman, buyers and sellers of Bitcoins can deal with one another using direct deposits into electronic wallets.
“TigerDirect has always been on the forefront of alternative online payment methods and delivering the most convenient ways for our customers to shop,” says Steven Leeds, Director of Corporate Marketing at TigerDirect. “With individuals building their own high-powered PCs with parts offered on our site to mine Bitcoins, it’s a logical fit.”
TigerDirect will not only accept the digital currency as payment, but will also sell the computer components used to mine the currency as well. “We’ve partnered with AMD to build the largest assortment of mining graphic cards from Sapphire, MSI, VisionTek, Diamond and XFX in the industry.” Customers will be able to utilize Bitcoin as payment on both the desktop and mobile websites.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.