Kim Dotcom's Mega opens doors to bitcoin

Kim Dotcom has announced that his new Mega cloud storage service will accept the bitcoin currency. Dotcom has made a habit of annoying authorities and embracing an unregulated virtual currency sounds like a good way to do it.

However, much like Dotcom, bitcoin is also trying to shed its somewhat shady image, often associated with less than legal practices. Last week Reddit announced that it will accept bitcoin payments and a while ago WordPress embraced the digital currency as well.

Mega currently offers 50GB of free storage, along with several tiers for customers who need a bit more and don’t mind paying for it. The exchange rate for one bit coin is currently close to $26, or £17. This means the cheapest Mega package, priced at €9.99, will cost about half a bitcoin, according to the BBC. Users who opt for bitcoin payments will need to access BitVoucher to make the transaction.

Mega is off to a rather good start, while Reddit and WordPress are heavyweights in their own right. The fact that an increasing number of legitimate businesses are starting to accept bitcoins as payment bodes quite well for the virtual currency.

What’s more, an increasing number of merchants and even bankers are also starting to look into bitcoin. However, it is still too early to say whether it is a fad or a viable alternative to dollars and euros. 

It was recently revealed that a Bitcoin casino managed to rake in $500,000 in six months.