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.
As international aid agencies and NGOs gear up to help the victims of the 7.8-magnitude earthquake that struck Nepal on Saturday, claiming more than 3…
Perception can become reality, and this is not necessarily good news. This is particularly true during times of major change, which we are currently e…
Comcast may have called off its $45 billion megamerger with Time Warner Cable, but the legacy of what that means for the FCC's policy for online video…
The solar industry has been of particular interest to consumers, businesses, and technology developers over the course of the past decade or so. Solar…
Silver was the primary mineral mined in Nevada when it was admitted to the union in 1864, earning it the slogan of "The Silver State." Times changed, …