Camping World To Accept Crypto Following BitPay Partnership

Shares of Camping World got a boost Monday after the recreational-vehicle retailer said it would begin accepting cryptocurrencies as payment for RV purchases through a new partnership with BitPay. 

The Lincolnshire, Ill., company will use the cryptocurrency-payment service to accept bitcoin, ethereum and certain other cryptocurrencies.

"As the industry leader, we have a responsibility to adapt to new preferences and elevate the customer experience, whether through the products and services we offer, or in the ways we interact and transact with the customer," Chief Executive Marcus Lemonis said in a statement.

The program's initial launch will include the company's Chicago and Kenosha, Wis., locations

The plan calls for the company later this summer to accept cryptocurrency at all its locations that sell RVs and at its e-commerce platforms. 

Monday's move comes on the heels of the company's plan to develop a platform for paperless online RV purchases. 

Check out the rest of the article from TheStreet here.