Computer retailer TigerDirect accepts Bitcoin as form of payment

By Nicel Jane Avellana

Jan 27, 2014 08:01 AM EST

It's hard to miss the Bitcoin trend at the Consumer Electronics Show 2014 with the proliferation of wallet services, ATMs and mining hardware, a report from Tom's Hardware US said. Bitcoin mining hardware firm Butterfly Labs joined hands with BitPay to set up a good-looking booth at the world's largest electronics show, the report said.

Bitcoin continues to be gaining acceptance among retailers as well. This week, computer and computer product retailer TigerDirect has accepted the crypto-currency as a form of payment on more than its 200,000 products. The retailer has teamed with BitPay, the payment processor that helps merchants adopt the new currency, to facilitate payments, the report said.

A press release about the matter said that Bitcoin will only be accepted by TigerDirect as a form of payment in its online platform and not in its physical retail locations.

The report quoted TigerDirect Director of Corporate Marketing Steven Leeds who said, "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."

However, the report said customers who are intent on mining Bitcoins as a way to finance their next project are in for a disappointment. At today's current Bitcoin value, mining a substantial amount can take time. For those who want to have the digital currency right away, buying it is the easiest path to take, the report said.

Information from its website shows that TigerDirect is based in Miami, Florida. The website has been on the "Top 25 Online Retailers" list in the New York Times. It is a subsidiary of Systemax Inc, a Fortune 1,000 company that sells personal computers, computer components and supplies, consumer electronics and industrial products.

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