The Bitcoin community has been talking since Dell starting accepting bitcoin as a form of currency for purchasing computers, which means that they joined other ecommerce businesses like Expedia.com, Overstock.com, Dish TV, Newegg, and Tiger Direct. In addition, Microsoft recently joins PayPal and other companies to accept bitcoins as payment. Who will be next? Best Buy? The world of e-commerce is quickly changing so let’s get up to date in the world of Bitcoin.

What are Bitcoins anyway and why should you care? Where can I get these Bitcoins and is it worth it? Well Bitcoin is currently still rising in value to $329.94 and the great thing about their currency is that they are not tied to economy changes or transactions fees. Many algorithms run the bitcoin market to generate 21 million and it is predicted that all these bitcoins will be generated by 2140. On the other hand, the Bitcoin currency is very unstable as quoted by Professor Magnus Thor Torfason Assistant Professor at the Harvard Business School as he mentions, “Bitcoin is a very volatile asset, and the recent developments in the price of Bitcoins do have some of the characteristics of an economic bubble.” You can even invest in a PC to earn your bitcoins for you without your input by combining the power of your CPU and GPU to constantly crunch code while you sleep.

Recently Microsoft users can now add bitcoins to their accounts and buy games, apps, music, and videos from the Xbox Games, Xbox Music, Xbox Video, and Windows. This is because Microsoft partnered with BitPay to make this possible. There’s a catch though because there is $1000 USD cap on how much users can add to their account. "The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts," says Eric Lockard, Microsoft VP of Universal Store. "We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be at the front edge of that trend." Currently Bitcoin payments are only available to US customers.  
 


Comments

05/18/2016 3:41pm

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05/28/2016 11:04am

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