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Dell Jumps on Bitcoin

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Dell has jumped on board the Bitcoin bandwagon, with the global technology powerhouse to start accepting the cryptocurrency as a payment option for anything purchased on its website.

The move was first announced by Dell’s founder and chief executive Michael Dell, who exulted over Twitter that his company was now the world’s largest ecommerce business to accept Bitcoin.

The Bitcoin pilot is open to US consumers and Dell has signed up Coinbase as its third party payment processor.

“We are moving more quickly to meet your needs. In fact, we were able to work with Coinbase to integrate bitcoin payment in just 14 days!,” Dell said in a blog post.

The Dell-Coinbase partnership evolved out of discussions initiated a few months ago, with Coinbase’s director of business development and strategy, Adam White telling the Wall Street Journal that while the initial talks were positive things only really clicked into place a few weeks ago.

Coinbase has about 35,000 merchants using its processing services, and estimates of the total number of merchants using Bitcoin is roughly 65,000.

Dell is the by far the biggest company in Coinbase’s roster and its embrace is widely seen as a major step forward in the acceptance of digital currencies as viable payment options.

Source: http://www.theaustralian.com.au/business/latest/dell-embraces-bitcoin/story-e6frg90f-1226995928124?nk=50a1b3de3b2f7527764a328f1b978946

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