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Dell embraces bitcoins, accepting the cryptocurrency on its website

Dell becomes one of the latest major companies in the United States to accept bitcoin cryptocurrency payments, giving online shoppers another choice
By: Michael Hatamoto | Business, Financial & Legal News | Posted: Jul 18, 2014 11:39 pm

PC manufacturer Dell is the latest major company to join the bitcoin cryptocurrency bandwagon, with CEO Michael Dell confirming the announcement. Dell has partnered with Coinbase to help process payments, and the cryptocurrency receives a 1 percent processing fee following $1 million in sales.




"We've fostered a close partnership with the Dell team and that's been instrumental in getting the Coinbase integration up and running in such a short timeframe," said Fred Ehrsam, Coinbase co-founder, in a statement. "We look forward to continuing to support the team as they explore other ways to offer even more functionality when it comes to bitcoin payments."


The updated Dell 'Terms and Conditions' portion of the website indicates if a customer wants a refund from a bitcoin payment, they will receive a check in U.S. dollars.


U.S. retailer Overstock previously adopted bitcoin payments, while other companies are researching how to embrace the surging cryptocurrency. Instead of simply being a marketing gimmick to try to steal attention from competitors, a growing number of companies and merchants are jumping on the bitcoin bandwagon.


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