Dell Accepts Bitcoin Internationally

Thibault Mathieu’s latest blog post

Invented by Satoshi Nakamoto in 2008, Bitcoin has people talking. What exactly is bitcoin? Bitcoin is an innovative alternate form of money. For more on bitcoin, check out bitcoin.org. While bitcoin hasn’t quite taken off to the point that its everyones first mode of payment, it is gaining momentum. Dell recently made headlines in that it is the largest company to accept bitcoin internationally.

While already accepting bitcoin in the United States, Michael Dell tweeted out to his 864,000 plus followers that Dell will now accept bitcoin from customers in the United Kingdom and Canada. Dell has had some experience with accepting bitcoin already. One of there biggest deals to date using bitcoin was $50,000 for their servers.

This is not bitcoin’s biggest break through ever as it has been used in other industries. However, over the last 12 months, bitcoin’s value has plummeted. Once valued at over $1,000 a share, bitcoin today is worth roughly $270. Dell does not plan on investing in bitcoin meaning after accepting it as payment, he will likely exchange it for cash as many do. This way those who are not as confident in the ever so volatile bitcoin rid themselves of the risk of owning it.  For more on this topic, check out this link here.

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from Thibault Mathieu http://ift.tt/1wENNo0