If you trade a lot online with different currencies, you would have definitely heard of Bitcoin. Bitcoin is a peer to peer digital and encrypted money transfer on the internet. The online currency is gaining a lot of momentum recently, as one exchange securing approval to operate as a bank under French law. But more about that later. Now, coming to the point, you might have heard of Kim Dotcom’s new Mega cloud storage service.
After the feds shut down Kim Dotcom’s last venture, Mega Upload due to copyright infringements, the founder has started a new service called Mega. The service is again an online storage service on which every person who signs up for a free account get a 500 GB free storage space online.
But, if you want more, you always have the option to buy more storage space, and this is where the bitcoins comes into picture. The Mega service is now accepting currency in bitcoins. The exchange rate for one bitcoin is just under 20 Euros. And Mega’s basic plan starts at 9.99 Euros a month. This means that you can get the basic plan for just over half a bitcoin. You can purchase the storage on Mega with bitcoins over at BitVoucher, which is a reseller of Mega services.
Mega offers storage spaces ranging from the free 500 GB account to the paid 4 TG accounts. There are also yearly subscriptions to storage spaces which, if you buy with bitcoins, will save you around 17% over monthly vouchers. Arstechnica writes, “These cost about 5.44 bitcoins for a year of 500GB storage, 10.88 bitcoins for 2TB, and 16.32 bitcoins for 4TB. (We say “about” because they have already changed slightly at least once today.)”
The company says it is entertaining bicoins because it wants to keep the user information anonymous without taking any credit card info or other types of information as PayPal and other services do, which is kind of good. But is it entirely safe?