Dell has announced that is accepting Bit Coin Payments. Michael Dell took to Twitter to announce the news, saying “Dell is now the world’s largest e-commerce business to accept bitcoin.”
Dell said it was piloting bitcoin so customers could “buy digital with digital”, adding that there would be a 10 per cent discount on certain products if purchased with the cryptocurrency. The company said it had partnered with Coinbase to handle the processing of its transactions on the bitcoin network.
Most recently the Central Bank of Ireland made a statement that the European Banking Authority (EBA) is recommending that financial authorities actively discourage institutions from trading in the currencies “Consumers should note that virtual currencies remain unregulated, thus there remains no regulatory protections for consumers when holding, buying or selling virtual currencies,” following on from a document published in July EBA Opinion on ‘virtual currencies’