Dive Brief:
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Dell founder and CEO Michael Dell’s twitter feed last week was full of news that Dell is now accepting bitcoin through bitcoin wallet Coinbase. Customers using a different bitcoin wallet will pay an added fee.
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Also last week, New York become the first state to announce bitcoin licensing rules, which are still in draft form.
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While it’s unclear how many consumers will actually use bitcoin to buy things in the long run, bitcoin payments can be less expensive for retailers because the fees are lower than those of traditional credit cards.
Dive Insight:
While it helps bitcoin that an increasing number of retailers accept it as payment, it is still struggling to maintain a steady value and escape problems of fraud — two major impediments in its mainstream acceptance and use.