Overstock.com Enables Bitcoin Payments
Late last year, newsBTC broke the story that Overstock.com would be accepting Bitcoin beginning in 2014. At the time, CEO Patrick Byrne told me in an interview it was likely to happen in the second half of the year. It seems like the time has come a lot sooner than we all thought. Bitcoin payments are enabled on the retailer's website at this very moment. newsBTC has confirmed that the option to pay in bitcoin is available on the site's checkout page. By the looks of it, it would appear as if Overstock has teamed up with Coinbase to process the transactions (which they said they will....
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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....
Overstock CEO Patrick Byrne keeps believing in Bitcoin's future. Overstock was one of the first major online retailers to accept Bitcoin as a payment method. The announcement was a big step for Bitcoin. The cryptocoin is trying to find mainstream acceptance and events like this are important when trying to convince common people to start using Bitcoins. Small Bitcoin revenue. Right after announcing the possibility to pay with Bitcoins, Overstock saw massive purchases made with the virtual currency. Earlier this month, Overstock said they crossed the million dollar mark in Bitcoin payments.....
We heard second half of 2014, but Bitcoin payments are NOW live on Overstock! Pleased to announce that #Bitcoin is live at #Overstock.com! http://t.co/mx9TFc8KNQ. - Overstock.com (@Overstock) January 9, 2014. Reddit is on fire about the news. Here is information as it pertains to the process of using bitcoin on Overstock: "Pay with Bitcoin. Bitcoin is a digital currency that allows quick and secure online payments. We partnered with Coinbase, a Bitcoin platform, to enable Bitcoin as a form of payment on Overstock.com. Coinbase is a Bitcoin wallet that allows consumers to buy, sell, send,....
An Overstock spokesperson has told CoinDesk that its international payments rollout has been met with development delays. He said: "We're now quite confident that the feature will be live on 4th September." UPDATE (1st September 23:00 BST): Reddit users began reporting that bitcoin payments were not yet available on the company's international websites. UPDATE (20th August 10:06 BST): Patrick Byrne has said that bitcoin payments on Overstock's international website will go live on 1st September. The CEO revealed the news in an interview with The New York Times. Patrick Byrne, CEO of....
The news that Overstock.com today flipped the switch on taking bitcoin payments certainly took many of us by surprise, but the preliminary sales figures may surprise you even more. A patio set sold on Overstock.com and paid for in bitcoin. Source: Overstock. It's been a couple of hours since Overstock has had the option available, and already the retailer has sole a whopping $10,000 worth of items in bitcoin in that timespan. That amount comes from about 100 different purchasers, one of whom spent $2,700 on a 13-piece patio set. Overstock.com CEO Patrick Byrne told Business Insider that....