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Author Topic: Dell’s adoption of Bitcoin  (Read 98 times)

robertsmark

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Dell’s adoption of Bitcoin
« on: October 15, 2021, 12:44:19 PM »
One of the first businesses to utilize bitcoin was Dell. In 2014, his business, which offers everything from hardware to cloud computing services, started taking Bitcoin as a payment method. Due to “poor demand,” it ceased dealing with bitcoin in 2017.

Michael Dell, the man who founded the business that made the computer on which this article was written, might be a genius. His computer business, which has sold about 800 million computers, has a market capitalization of $80 billion.

Dell’s interest in blockchain technology stems from its infrastructure business, which brought in $8.4 billion in sales by providing data storage and other services in the second quarter.

Potential revenue driver for Dell

Its 56-year-old billionaire founder recently named blockchain technology a possible income generator for the business, among driverless cars and AI-driven biotech.

On the other hand, Bitcoin has gained approximately 15% in the last week, or about $150 billion. Bitcoin is now worth about 13 times as much as Mr. Dell’s business.

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