Data: What Users Bought With Bitcoin on Overstock.com Last Week
Rob Wile over at Business Insider published a great post on Monday evening with some data that's come from Overstock.com from purchases last Thursday. That was, of course, the day in which the online retailer began accepting bitcoin payments - six months ahead of the originally-projected timeframe. The company managed to sell $130,000 worth of items for the digital currency that day, and Wile reports that sheets, cell phone cases, USB memory sticks, and bath towels were the most popular items amongst shoppers looking to spend their bitcoin. The states with the most bitcoin buys on....
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Online retail giant Overstock has released new insight into the buying behavior of its bitcoin customer base, revealing bed sheets have become the demographic's favorite item to purchase. The top five items bought on Overstock with bitcoin are now sheets, donations to non-profits, headphones, cases and holders, and area rugs, respectively. Cables and tools, mattresses, coffee tables, A/V cables and fashion sunglasses round out the top 10 categories. Addressing the findings, Overstock director of communications Judd Bagley commented on the relatively mundane list of items as evidence of the....
Overstock CEO Patrick Byrne has bought the company's first cryptobond for $500,000. I intend to demonstrate my belief not just in Overstock, but in the TØ.com platform that we built and, indeed, in the cryptorevolution itself, he said in a statement. E-retail giant Overstock has announced it will utilize colored coins to issue what it calls a digital corporate bond, or a cryptocurrency-based security, based on the bitcoin blockchain. The company said in a 5th June press release the issuance forms part of its development of cryptographic security technology aimed at reducing trade....
An AntiClimactic Ending to a New Beginning - And Why That's a Good Thing. I bought stuff from Overstock.com using bitcoin on the first and opening day of this new currency option. And boy, it felt good. I did something in celebration of the event that I don't normally do because it seems so geeky... I chose the option to share it with my personal friends on Facebook. Ok, I geeked out for a moment. What was my overall reaction? Well, it seemed so....normal. I read the headlines all over financial news networks. I saw pieces of interviews with Overstock's CEO Patrick M. Byrne. When I went to....
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....
Bitcoin News. Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of our top stories of the week here on CryptoCoins News. This week, Overstock chose Counterparty for a decentralised stock exchange, the Bitcoin Foundation condemned NYDFS's BitLicense over a lack of transparency, the bitcoin BearWhale was defeated, and more. Check out our video and keep scrolling for this week's Bitcoin News in Review. Overstock Announces Decentralised Stock Exchange. Overstock's CEO Patrick Byrne has been a longtime advocate for cryptocurrency and decentralisation. And....