FollowFive years ago, Bitcoin was started. Few people believed the digital currency will actually catch on. But on Friday the announcement that Dell accepts Bitcoin does not come as a surprise. Dell claims to be the biggest retailer so far to accept Bitcoin as payment. According to a report conducted by Pew Research Internet Center, one of the biggest threats to the Internet is the loss of democracy. Well, Bitcoin seems to act in the opposite direction.
Initially, when Bitcoin was at the beginnings, its novel character helped companies attract new customers. Now, New York Times concludes, using digital money is seen as a method to lower payment processing fees. Bitcoin went a long way from the initial libertarian dream. The state of New York announced that it will take measures towards regulating digital currency. Regulation might encourage mainstream involvement with Bitcoin and the like. Bitcoin fluctuated from just a few cents to more than $1000, now revolving around $600. Techcrucnh says it is a strong correlation between Bitcoin’s price and media interest in the topic.
Dell accepts Bitcoin in collaboration with Coinbase
Making Bitcoin payments possible is not an easy task. Dell had to collaborate with Coinbase to create a Bitcoin payment system. Coinbase, a third-party payment processor, came to Dell with the proposal just two weeks ago. The partnership objective is to get the Bitcoin payment system on its feet in time for the back to school shopping. Conbase is already a widely engaged company. Around 35.000 businesses use their services for online payments and Overstook is one of them.
So how will you buy a Dell laptop with Bitcoin? After you will select the product and Bitcoin as a payment method, you will be redirected to Coinbase website to finish the transaction. Coinbase accepts two types of bitcoin payments. One is directly through a payment address which is generated, and the second is through QR scanning, according to maximumpc.com.
From now on Dell accepts Bitcon and with this occasion, the Alienware gaming laptops from Dell, are placed in a special promotion program. If you decide to buy an Alienware laptop and decide to pay with Bitcoins, you will enjoy a 10 percent or up to $150 discount. Dell accepts Bitcoin, but initially it will be available only for customers from the U.S. If everything goes according to plan, we will see Dell accepting Bitcoin internationally.
