Bitcoin is exceeding U.S. online merchant’s expectations
Bitcoin is catching some steam over U.S. online merchants including Overstock, DISH and Expedia, as customer’s using the digital currency id becoming increasingly large. For now sales paid for in bitcoin have been a fraction of one percent, but this number is expected to rise as acceptance grows, and the online currency will become as ubiquitous as the internet. Michael Gulmann, vice president of global products at Expedia Inc. has stated: Until recently a niche alternative currency touted by a fervent group of followers, bitcoin has evolved into a software-based payment online system.....
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Major online travel agency Expedia made a splash in the crypto-currency community recently when they announced they would be accepting bitcoin, and so far things are seemingly going well. That's according to a company executive, who recently spoke to CoinDesk. The company's own Michael Gulmann, who services as Vice President of Global Product at the company, had the following to say: We did some estimates based on the size of Overstock and the size of Expedia, and came up with our own estimates of what we could expect, and we're meeting and exceeding those. Gulmann declined to specify just....
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