Reply to post: No need to sign up with coinbase

Dell The Man shrieks: 'We've got a Bitcoin order, we've got a Bitcoin order'

Anonymous Coward
Anonymous Coward

No need to sign up with coinbase

This article has misunderstood what DELL is doing. DELL uses coinbase as their payment provider when you choose to pay with bitcoin. This means that DELL tells coinbase it wants a payment worth X USD. Coinbase will then create a bitcoin address, determine how many bitcoins will need to be paid for that amount.

Customer proceeds to transfer bitcoins from his wallet (which *could* be coinbase, but need not be). Coinbase sees an incoming payment and tells DELL the payment was complete. DELL will then get the given X USD on their bank account.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2021