|[January 23, 2014]
TigerDirect is the First Major Internet Retailer to Accept Bitcoin via BitPay
MIAMI & NEW YORK --(Business Wire)--
has announced today that they will be accepting Bitcoin
- a peer-to-peer digital currency - as a method of payment on over
200,000 products. TigerDirect is the first major US electronics retailer
and largest company to date to accept the digital currency Bitcoin via
Bitcoin has become a modern-day sensation, boasting a payment technology
that competes with traditional payment methods. By cutting out the
middleman, buyers and sellers of Bitcoins can deal with one another
using direct deposits into electronic wallets.
"TigerDirect has always been on the forefront of alternative online
payment methods and delivering the most convenient ways for our
customers to shop," says Steven Leeds, Director of Corporate Marketing
at TigerDirect. "With individuals building their own high-powered PCs
with parts offered on our site to mine Bitcoins, it's a logical fit."
After several months of reviewing the options for processing Bitcoin,
TigerDirect has chosen BitPay
to provide its customers the most reliable means of transacting Bitcoin
payments on their website. TigerDirect will not only accept the digital
currency as payment, but will also sell the computer components used to
mine the currency as well. "We've partnered with AMD to build the
largest assortment of mining graphic cards from Sapphire, MSI (News - Alert),
VisionTek, Diamond and XFX in the industry." Customers will be able to
utilize Bitcoin as payment on both the desktop and mobile websites.
This non-traditional move should come as no surprise for those familiar
with TigerDirect as a trusted name for computers and consumer
electronics. In 2013, TigerDirect made waves with their presentation of
the Second Annual Tech Bash, showcasing the latest in electronics to
over 12,000 consumers at Miami Marlins' Park; enjoyed over seven million
views on the "Epic Rap Battle: Nerd vs Geek" viral video written and
directed by Rhett & Link; expanded their product offerings to new
categories; and offered select customers free shipping through
Staying ahead of the competition as the go-to spot for all things tech,
TigerDirect's BitPay acceptance is another example of the online
superstore's dedication to customer satisfaction, and using innovative
technologies for the best shopping experience, in-store and on-line.
TigerDirect will start accepting Bitcoin on Thursday, January 23rd.
Details regarding the acceptance of Bitcoin at TigerDirect can be found
Bitcoin will not be accepted for payment at TigerDirect physical retail
locations, only online.
About TigerDirect: For over 25 years, TigerDirect (http://www.tigerdirect.com)
has served the needs of both personal and business computer users,
selling consumer electronics, computers, digital media technology and
peripherals via eCommerce, business to business, and retail channels.
TigerDirect is a subsidiary of Systemax Inc. (NYSE: SYX).
About Systemax Inc.: Systemax
Inc., a Fortune 1000 company, sells personal computers, computer
components and supplies, consumer electronics and industrial products
through a system of branded e-Commerce websites, retail stores,
relationship marketers and direct mail catalogs in North America and
Europe. The primary brands are TigerDirect, MISCO, WStore and Global
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