Overstock Donating 4% of Bitcoin Revenue Toward Cryptocurrency Adoption

Most people would not be willing to refute the fact that Overstock.com is paving the way for cryptocurrency adoption in the retail industry. Since announcing bitcoin acceptance in late 2013, Overstock has quickly become the poster child of bitcoin adoption. The company has indicated they hold a portion of bitcoin revenue, and they've even said they plan on donating a percentage of bitcoin revenues to cryptocurrency-related causes. Looking to get deeper into the cause, it would appear as if the mega retailer is planning to hire a backend developer with some level of bitcoin experience.....

Overstock CEO Patrick Byrne announced that Overstock will donate 4% of their Bitcoin revenue to organizations promoting Bitcoin adoption. At this point in time, Overstock has selected the Chamber of Digital Commerce as the first organization that will be donated to. "The cryptocurrency movement is at a critical stage in its evolution. Adoption among the technorati is fairly pervasive, but it needs to make its way into the lives of the masses in the developed and developing worlds, while avoiding the obstacles that uninformed intervention by lawmakers could impose. The Chamber of Digital....

US online retailer Overstock has pledged to donate 3% of profits generated through bitcoin sales to advocacy organisations that promote digital currencies. Patrick Byrne, the company's CEO, made the announcement at the Bitcoin in the Beltway conference, held in Washington DC over the weekend. Overstock later told CoinDesk that the decision to donate a portion of its bitcoin sales revenue is "a new one" and that it is still "working out the details". Notably, however, the Overstock spokesperson indicated that revenue donated by the company will not go solely toward bitcoin advocacy: "Any....

Overstock.com, the first major company in the world to adopt bitcoin as a means of payment, is taking themselves a step further in the cryptocurrency space. First reported by bitcoin website CryptoCoinsNews this past weekend, the Utah-based company's CEO, Patrick Byrne, announced that the mega retailer has plans to donate approximately three percent of their bitcoin sales revenues to cryptocurrency-related causes. Specifically, with the aim to spur adoption in the sector. The announcement came during Byrne's keynote address at the Bitcoin in the Beltway conference that took place in....

Patrick Byrne announced he will donate 3% of all Overstock Bitcoin payments to promote the spread of Bitcoin around the world. Overstock CEO Patrick Byrne delivered the keynote address at Saturday'sBitcoin in the Beltway conference. He spoke a lot about the past, but he also talked about Bitcoin's future. Specifically, Byrne announced a timetable for international Overstock Bitcoin payments and revealed a plan to donate "3% of all Overstock Bitcoin sales" to organizations working to promote cryptocurrency around the world. 3% of Overstock Bitcoin Profits to Be Used to Spread Bitcoin....