Major US Electronics Retailer TigerDirect to Accept Bitcoin
TigerDirect.com announced Thursday that it has begun accepting Bitcoin as a method of payment on more than 200,000 products.
TigerDirect said it is the first major US electronics retailer to date to accept the digital currency. TigerDirect spent several months reviewing the options for processing Bitcoin, ultimately settling on BitPay to provide the means of conducting Bitcoin payments on its website.
TigerDirect will not only accept the digital currency as payment, but will also sell the computer components used to mine it. The retailer has partnered with AMD to produce a large assortment of mining graphic cards from Sapphire, MSI, VisionTek, Diamond and XFX.
“With individuals building their own high-powered PCs with parts offered on our site to mine Bitcoins, it’s a logical fit,” said Steven Leeds, director of corporate marketing for TigerDirect.
Customers will be able to utilise Bitcoin as payment on both desktop and mobile websites. Bitcoin will not be accepted for payment at any TigerDirect physical retail locations, however.