Dell Becomes Largest Merchant To Accept Bitcoin Internationally After Adding Canada, U.K. Support

Dell says that it has become the largest merchant in the world to accept Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term both inside and outside the U.S., recently adding support for Canada and the U.K.

Last year, Dell.com started accepting bitcoin from online shoppers in the U.S. The integration was facilitated by Coinbase.

Dell said that customers were buying with bitcoin across its full product spectrum, including software and PCs. The biggest purchase to date was a highly configured $50,000 PowerEdge server system. Individuals, small and medium businesses are reported to be making purchases with bitcoin at Dell.com.

Paul J. Walsh, Dell's CIO, made the announcement at eTail, an event for e-commerce and multi-channel retail innovators, held in Palm Springs, California. He said Dell's acceptance of bitcoin makes it easier for customers to do business with the company.

Dell employs over 100,000 worldwide and made $2.3 billion on roughly $57 billion in revenues in 2013. Based on their buyout share price of $13.65 per share, the company’s total valuation is $24.4 billion.

The acceptance of bitcoin potentially reduces the costs of sales in a cut-throat industry with thin profit margins.