Dell accepting bitcoin could be MUCH bigger than you think
http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpgAndy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (
http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin
The same item is selling at 11999CNY in China:
http://item.jd.com/1107676.html . He saved 46%
You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao (
http://www.haitao.com/ ), who will then ship the item to China.
This is only the beginning.
But normal Joe Blogg's Chinese can't get Bitcoin easily and I would bet my balls that there will be still hefty import duties to pay on that PC before 'Andy' receives it. China isn't going to let it's economy be undermined so easily.
