Overstock.com Expanding Bitcoin Acceptance Internationally in the Next Six Weeks
Speaking on the RT news network recently, Overstock.com CEO Patrick Byrne revealed a bit of information with regard to the company's bitcoin acceptance plans. Byrne noted that in a month to six-week period, Overstock.com will be enabling bitcoin payments for the international community, including for the folks in Russia. The news comes over seven months since the Utah-based company enabled the payment system in partnership with Coinbase, after making an announcement (to NEWSBTC) in December of last year. When I interviewed Patrick Byrne then, the original plan was to begin accepting....
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Bitcoin users around the world are reporting that Bitcoin payments are now accepted everywhere on Overstock.com. In August, Overstock CEO Patrick Byrne promised to release the highly popular functionality on 9/5/14; however, much to the chagrin of many potential customers, his company missed that deadline. Unlike other companies that have only extended their Bitcoin acceptance to Canada and the United States, Overstock.com is now open to anyone with internet access. Unfortunately, though Overstock allows people to pay from anywhere, shipping options are still only limited to a large....
This week, we told you about Overstock.com's plans to start accepting bitcoin in 2014. Some more information is coming to light. In a conversation with CoinDesk, Overstock.com CEO Patrick Byrne said that the decision on whether or not to work independently of digital currency payment processors is something that may happen in the next two weeks. "We'll probably be working with the third parties. There are a few different ones that are interested in our business. It makes sense to work with them rather than developing it from scratch," said Byrne. The company will begin accepting bitcoin in....
Overstock making strides again with Bitcoin adoption! Unlike many companies that use Bitpay and Coinbase as a processor and immediately convert to fiat, Overstock actually holds 10% of Bitcoin received as Bitcoin. In fact, according to Patrick Byrne when he delivered his keynote address on Saturday at the Bitcoin in the Beltway conference, 3% of Bitcoin sales from Overstock will be used to spread awareness of it. Also, Patrick is hard at work on trying to get Overstock internationally (Bitcoin is only accepted in US as of writing) to accept Bitcoin. As if you cannot tell, Patrick is a....
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.....
Overstock.com is expanding its already popular online produce delivery service by teaming up with farmers in 35 states, Retailing Today reports. The partnership means that nearly half of Americans currently have access to this continuously expanding service. Overstock's newest fresh-food partner, Front Door Farms, whose products are now offered through Overstock's Farmers Market, delivers to the customer's door two or three days after harvest. "We chose Front Door Farms because it works with local farmers to harvest fruits and vegetables that are fresh and nutritious," said Overstock CEO....