Last updated on August 30th, 2016 at 06:15 pm
UPDATE January, 24 12H58
The first 17 hours of Bitcoin activity at TigerDirect.com attracted $250,000 worth of orders paid in Bitcoin, a spokesperson from the company told BitcoinBoard. The cryptocurrency was spent in more than 1000 orders.
The online retailer beats Overstock.com, which processed orders worth “only” $124,000 in the first 24 hours after started accepting Bitcoin.
Money can’t buy everything, but a year ago Bitcoin couldn’t actually buy almost anything. Now, the major retailers are fighting to be the first ones to accept the cryptocurrency and it is time for TigerDirect.com to join them.
The major online retailer focused on electronics and gadgets is already accepting Bitcoin as a payment option for more than 200,000 products. All the transactions will be processed by BitPay.
“TigerDirect has always been on the forefront of alternative online payment methods and delivering the most convenient ways for our customers to shop. With individuals building their own high-powered PCs with parts offered on our site to mine Bitcoins, it’s a logical fit”, Steven Leeds, director of corporate marketing at TigerDirect, announced in a press release.
This means the retailer, which processes around $2 billion worth of orders per year, will not only be accepting digital money on both the desktop and mobile websites – not at physical stores -, but also selling the necessary computer components used to mine Bitcoin.
Leeds reveals the company “partnered with AMD to build the largest assortment of mining graphic cards from Sapphire, MSI, VisionTek, Diamond and XFX in the industry”.
The e-commerce platform spent the last few months reviewing the possibility of integrating cryptocurrency into the business and considering processing options. “TigerDirect has chosen BitPay to provide its customers the most reliable means of transacting Bitcoin payments on their website”, the statement adds.
TigerDirect has a long history of innovation, so this decision might not be a total surprise for some customers. Steven Leeds says the goal is for the platform to “stay ahead of the competition as the go-to spot for all things tech”
Images from TigerDirect.com