Newegg the latest online retailer to back Bitcoin

|By:, SA News Editor

Newegg, known for having a tech-savvy customer base (fits well with the demographic profile for Bitcoin early adopters), is partnering with Bitcoin (BITCN, BTCS) payment processor Bitpay to allow its 25M+ customers to pay with the virtual currency.

The online electronics retailer says buyers can pay by scanning QR codes on their phones, or by providing digital wallet address info. It joins Overstock, Expedia, and Dish Network in handling Bitcoin payments.

Following a recent selloff caused by the government's auctioning of 29K+ Bitcoins seized during its Silk Road investigation, Bitcoin prices have once more topped $650.