Newegg, a leading U.S. retailer specializing in computer parts and consumer electronics, is celebrating what it calls Rainy Day by adding Dogecoin (DOGE) as an official payment method on Newegg.com, the company announced today.
We now accept dogcoin as an official payment method through BitPay, Newegg tweeted, adding: Happy rainy day to all, let’s share the good news.
We now accept #dogecoin as an official payment method through BitPay.
Just click the Edit button in the Payment section at checkout, select @BitPay and complete the transaction.
Happy #DogeDay everyone, let’s share the good news https://t.co/Fht42HlwTi pic.twitter.com/VoBKip1nqQ
– Newegg (@Newegg) 20. April 2021
In a statement, it said that when placing an order on Newegg, customers can now select DOGE as their payment method on the checkout page by clicking the Edit button and selecting BitPay, a crypto payment processor for merchants founded in 2011.
The buzz and momentum around cryptocurrencies is undeniable, and Dogecoin’s recent rise in value underscores the need to make it easier for customers to buy with this popular cryptocurrency, said Andrew Choi, senior brand manager at Newegg.
Shilling DOGE pushes mem to $0.45
In fact, Dogecoin has been the subject of increased attention and price appreciation since it was pummeled in the wake of the short action launched earlier this year by Reddit group WallStreetBets.
DOGE has been embroiled in the R/WallStreetBets drama, with retail investors coordinating the DOGE pump with meme tokens outpacing social media presence, analyst firm Messari said in a recent report, adding that DOGE was one of the best-performing crypto currencies in Q1 2021.
And then there’s Elon Musk.
– Elon Musk (@elonmusk) February 4, 2021
In early February, a single tweet from the CEO of Tesla and SpaceX with an image of a launch vehicle with the word Doc underneath was enough to double the DOGE share price almost immediately. Since then, Musk has continued to tweet about DOGE on a semi-regular basis, causing the price of the currency to rise even further.
DOGE is now living its life after rising nearly 500% in the past week. The token is trading around $0.40 and quickly rose to become the 4th most popular cryptocurrency yesterday, according to cryptocurrency measurement platform CoinGecko.
The currency lost some ground today, dropping to 5th place in terms of market capitalization – the combined price of all tokens currently in circulation. But the dog’s day has only just begun.
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