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If you’ve been hoarding your BitCoins for all this time then perhaps you now have a good reason to spend it all. Dell announced a partnership with Coinbase and is now accepting BitCoin as payment on its website.
The computer tech company joins an ever-increasing group of businesses that includes TigerDirect and Xidax, which accepts BitCoin. The reason for accepting BitCoin as currency, according to the site’s FAQ, states, “BitCoin is a new payment option intended to offer even more flexibility for customers, BitCoing payments can be made easily from anywhere in the world, and offer reduced payment processing costs.”
Those wishing to purchase products can add the item to their cart, fill out shipping details, choose BitCoin as the payment method and, upon submitting the order, will be directed to the Coinbase website. At Coinbase, there will be two payment options to choose from. The first option is to pay directly from a BitCoin wallet through a generated payment address or by scanning a QR code with a smartphone. The second option is to simply pay through a Coinbase account. Once decided, the user will be sent back to the Dell website for order confirmation.
The crypto-currency has had a bit of a tumultuous year. At the beginning of the year it was valued at $800 per BitCoin but the filing for bankruptcy protection by MtGox had driven the value down to $528. The current value of the currency, according to Coinbase’s prices that is now shown in Google searches, is at $630.05 at the time of publication.