Within a few days, many of the companies who were selling storage plans for MEGA had their PayPal accounts turned off, or threatened to be turned off.
Jon Matonis at Forbes wrote earlier this month "through fear of liability or outright pressure from authorities, PayPal enforces a blanket global policy across legal jurisdictions as a substitute for due process."
Indeed without any due process, a wave of economic censorship threatened to block access to this new service by cutting off the payment processing, in much the same manner that donation processing was blocked from Wikileaks and others.
Indeed without any due process, a wave of economic censorship threatened to block access to this new service by cutting off the payment processing, in much the same manner that donation processing was blocked from Wikileaks and others.
Bitcoin, however, is immune to economic censorship and many of the MEGA resellers started to investigate taking payment in bitcoins as an option. Within a few days, Hosting.co.uk updated their sales portal to remove PayPal and replace it with a bitcoin payment option.
"MEGA represents the next leap forward in secure cloud storage," said Hosting.co.uk's owner Frederick Schiwek. "For the cost of a cab ride, users gain access to up to 500GB of secure storage space."
MEGA offers 50 Gigabytes free, per user, which is much larger than the typical 2 Gigabytes offered by Dropbox, and MEGA offers paid plans up to 4 Terabytes.
Schiwek continues:
"Speed is a big selling point, too: MEGA operates enough worldwide data centers to ensure rapid file transfers. Best of all, users have control over the encryption and decryption of their own data. We know that our customers will gravitate towards a service that puts them in charge."
Hosting.co.uk is using the BitPay WMHCS Bitcoin Plugin which allows easy, automated integration of bitcoin payment processing into their hosted billing platform. Using BitPay's plugin, a merchant can set their prices in EUR, USD, or more than 30 other currencies, and BitPay pulls an exchange rate at the time of purchase for the customer.
If you would like to accept bitcoins on your website, visit https://bitpay.com
