Although Bitcoin has been operating and expanding its clout since 2009, it is only the leaps and bounds taken in the last two years that confirm the belief (additionally, for some, the fear) that the cryptocurrency will indeed become a mammoth force to be reckoned with in the ecommerce industry. And not in a matter of decades, but years.
Over the last 24 months we have seen Bitcoin emerge from what was regarded as a shadowy subculture into the mainstream. This transition is largely due to the acceptance of the currency by influential ecommerce sites. The summer of 2014 saw heavyweights such as Lord Taylor, Virgin Galactic and NewEgg all begin to offer Bitcoin as a method of payment.
However the announcements by these companies were dwarfed the following month when Dell, the privately-owned company with over 100, 000 employees and with an excess of $60 billion USD in annual sales, tweeted that they would be accepting Bitcoin at Dell.com.
Something was clearly in the air that summer as shortly after Dell’s