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Electronics retailer TigerDirect.com starts accepting Bitcoin payments

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Retail firm TigerDirect.com, perhaps best known for its high-profile acquisitions of CompUSA and Circuit City, has started to accept Bitcoin payments for ecommerce transactions made through its website, which offers more than 200,000 products, including computer hardware, consumer electronics, mobile phones, office equipment, toys and other consumer merchandise.

Bitcoin is a form of electronic currency that is growing in popularity as more and more businesses accept it as an alternative means of payment.

The company announced the development with a bold promotional banner on its homepage. Payments made in Bitcoin are processed by BitPay, which earlier this week announced a partnership with another major Internet retailer, Overstock.com.

“TigerDirect has always been on the forefront of alternative online payment methods and delivering the most convenient ways for our customers to shop,” said Steven Leeds, Director of Corporate Marketing at TigerDirect, in a company press release. “With individuals building their own high-powered PCs with parts offered on our site to mine Bitcoins, it’s a logical fit.”

Somewhat ironically, the retailer also offers computer devices that can be used to mine Bitcoin.

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