Dell, Newegg buddy up to Bitcoin, now accepting the digital currency
If you are an avid Bitcoin user, two new major retailers have just started accepting the online, digital cryptocurrency this month. The first was Newegg at the start of July and the second was Dell as of today. Dell’s announcement first appeared on Michael Dell’s Twitter feed. The company is partnering with Coinbase to process the digital transactions and convert the online currency into U.S. dollars.
— Michael Dell (@MichaelDell) July 18, 2014
While the majority of retailers still don’t accept Bitcoin, that doesn’t mean you can’t shop at those retailers with Bitcoin. A company called eGifter.com is offering the ability to convert your Bitcoin into a gift card for more than 200 major online retailer such as Amazon, CVS, The Home Depot, Lowe’s, Old Navy, REI, Sears and Toys R Us. At the moment, there’s a slight advantage to this process as you can get an additional 3 percent off your order with each purchase.
If you are interested in learning about the exchange rate for Bitcoin to U.S. dollars, Google just added Bitcoin to the currency conversion database this week. For instance, if you search for a phrase like ‘1 BTC to USD,’ you will see the value of a single Bitcoin in U.S. dollars. That will change in real-time as the currency value moves up and down throughout the day.