Bitcoin Prices Jump Again, Now Accepted by Namecheap

By Ed Silverstein March 05, 2013

There’s momentum building for Bitcoins. The price for the digital currency jumped from a record $32 last week to it now trading at over $40 Tuesday morning (ET).  

And Namecheap, a domain hosting service, is now accepting the digital currency.

On Tuesday, MT Gox reported that Bitcoins were trading for $40.19 as of 9:30 a.m. (ET).

Namecheap will also now let customers pay with Bitcoins for getting domain names, Web hosting services, SSL certificates and security programs.

The acceptance of Bitcoins is important since it has had more than one million customers. It is the first major domain registrar to decide to accept payment with Bitcoins. “For months, Bitcoin has been requested of Namecheap among the tech audience,” the company added on its website.

Last week, the Internet Archive agreed to pay employees in Bitcoins. It is also accepted by Kim Dotcom’s Mega service and WordPress.com, according to The Next Web.

Reddit accepts it as well, and Dotcom wants to see a Bitcoin credit card.

In another key event, the price increase for Bitcoins came at the same time Japan’s MT Gox exchange partnered with CoinLab to bring its operations to the United States.

Bitcoin is not connected to a central bank or government agency, like dollars or pounds. But its proponents see that as advantage.  Bitcoins increase in value as time passes, advocates say.

“The whole idea of a currency that increases in value is so foreign to us, so it is exciting to be a part of this movement,” Dan Charbonneau, CEO at CBT Nuggets, told TechWeekEurope. “We accept dollars and then we just can’t wait to get rid of them, because we know that tomorrow those dollars are going to be worth less. So we have to get them into some vehicle that is not going to be worth less, to protect ourselves.”

In another important event for the Bitcoin sector, BitcoinStore, an online electronics store which trades exclusively in Bitcoins, began operating this week, according to IEEE Spectrum. Since there will be no credit card fees, prices can be kept lower. Similarly, BitElectronics opened a few weeks ago.

The BitcoinStore would like to see Amazon, Newegg, Buy.com and similar operations eventually accept Bitcoins as well.

However, Amazon just announced its own virtual currency, called Amazon Coins, which will launch in May in the United States. They will be used to pay for apps, games and in-app items on Kindle Fire.




Edited by Braden Becker

TechZone360 Contributor

SHARE THIS ARTICLE
Related Articles

Rest Your Weary Fingers: Voice Activation is Coming to a CRM Near You

By: Special Guest    8/9/2017

We spend a lot of time talking to our gadgets these days. Whether we're seeking directions from Siri or weather updates from Alexa, speech is quickly …

Read More

Kevin Kennedy Stepping Down, Will New Leadership Help Guide Avaya Back into Prominence?

By: Erik Linask    8/7/2017

After more than eight years as Avaya's chief executive, Kevin Kennedy will be stepping down from that role as of October 1, 2017. He'll be replaced by…

Read More

Micro-CT Scans Allow Researchers to Study Live Insects in 3D

By: Kayla Matthews    8/7/2017

The things we don't know about the natural world could fill textbooks. That's why excitement is the most appropriate response when we discover new way…

Read More

Gogo Making Air Travel More Productive

By: Erik Linask    8/4/2017

Gogo created tremendous hype when it first enabled in-flight connectivity on American Airlines, back in 2008. But, anyone who has used in-flight Wi-Fi…

Read More

Can We Run Out of Internet?

By: Special Guest    8/3/2017

As little as ten years ago, you couldn't discover new things like you can today. Whether you consider this to be a curse or a blessing, the content av…

Read More