Kim Dotcom Mega file-sharing service to accept bitcoin
Mega follows WordPress and Reddit in accepting the virtual currency
IDG News Service - Mega will accept the virtual currency bitcoin for subscriptions for more storage space on the file-sharing service, cofounder Kim Dotcom announced on Twitter.
Mega is the second prominent website in a week to say it will accept payment in bitcoin, which has been slowly gaining traction mostly with online merchants. Reddit announced last week it would take bitcoin for its "Gold" premium service, which lets users turn off advertisements and use a range of editing tools. The blogging platform WordPress began accepting bitcoin last November.
Bitcoin's technical design may appeal to Mega users. In order to spend a bitcoin -- which is basically an encrypted number -- users don't have to divulge the range of personal details required for an online credit-card transaction.
Although there are advanced hacking attacks, it is generally very difficult to fraudulently spend a bitcoin. Merchants accepting the virtual currency do not have to fear the transaction may be reversed if fraud is suspected, which occurs with credit card payments and is known as a chargeback.
Mega offers 50GB of storage for free, but offers paid packages ranging from 500GB to 2TB starting at $13.32 per month. Those prices have been represented in bitcoin on BitVoucher, the website of a new reseller of Mega's service.
One bitcoin was trading for about $26.80 on Monday, but it is possible to spend fractions of a bitcoin.
BitVoucher relies on another service to receive the bitcoins from a buyer and verify the transaction. Mega is using Zipbit, a New Zealand-based company that is one of a number of companies working to make handling and processing bitcoin easier for merchants.
Once the bitcoin transaction has been verified by Zipbit, users receive a voucher that starts the Mega subscription.
Send news tips and comments to firstname.lastname@example.org. Follow me on Twitter: @jeremy_kirk
- Trends in Pop-up Retail: Innovative Merchandising Driven by Flexible, Dependable Mobile Connectivity This paper outlines the challenges and obstacles to successful implementation, and discusses existing, rapid-deployment solutions for connecting pop-up locations with mission-critical retail applications...
- Transform IT: Transform the Enterprise This paper provides IT leaders with insight into three IT imperatives that 24 CIOs and senior IT executives used to reposition IT and...
- Case Study Adopting ITSM Tech to Support ITIL Initiatives CIO Bart Murphy Improves Service Delivery while Lowering Costs by consolidating services across 6 business units.
- Upstream Print Solutions improve customer service Fuji Xerox Australia subsidiary Upstream Print Solutions is rolling out SaaS service delivery to facilities, field engineering, health and safety, client service and...
- IBM Global SaaS Study Video This video introduces the IBM Global SaaS study conducted by the Center for Applied Insights. The study reveals how companies are using Software...
- Brunswick Moves Messaging and Collaboration to the IBM cloud Gerry Orten, Jr, Electronic Messaging Manager at Brunswick talks about why Brunswick moved to the IBM cloud. All Cloud Computing White Papers | Webcasts