Overstock.com Poised to Offer Employee Bonuses in Bitcoin
I think Overstock.com has just taken another huge step forward in the cryptocurrency realm. A report from Mashable indicates that the company is planning to offer its employees the option to accept bonuses in bitcoin. Yes, that's right, bitcoin. The information allegedly comes from company spokesperson Judd Bagley, who says the Utah-based e-retailer is currently exploring options in order to deploy the bonus system by the end of the year. Should an employee elect to receive his/her bonus in bitcoin, they'll receive a premium over those who want their bonus paid out in United States....
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Article now includes comment from Overstock's Judd Bagley. Online retail giant Overstock has announced plans to offer its employees a bitcoin bonus scheme. Overstock representative Judd Bagley told Mashable that the company is "trying to figure out" how it can pay out bitcoin bonuses and aims to get the program in place by the end of the year. Under the scheme, Overstock employees will be incentivised to accept their bonuses in bitcoin by offering a premium over cash payments. Bagley told CoinDesk: "The first step will be to offer to pay employees their annual bonuses in bitcoin. Those....
In a Form S-3 filed with the SEC on November 10, Overstock.com sought approval to issue up to $500 million in new securities "from time to time" in the form of common stock, preferred stock, depositary shares, warrants, debt securities or units. But approval of this S-3 is in not an immediate sign that Overstock is issuing any securities. "This prospectus provides you with a general description of the security we may offer," Overstock wrote in its S-3. "Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the terms of that....
Satoshi Bet is an established Bitcoin casino that has been online for almost 2 years. I was able to talk to the Satoshi Bet team to get more insight on their operations and shed some light on things over at Satoshi Bet. What is Satoshi Bet, and what does it offer? We started our activity in May 2013, so, it’s been almost 2 years since we are online. We’re still one of the biggest Bitcoin casinos. Our main goal is to offer provably fair games to it’s players. What are some bonuses you offer new players? We just released our Bonus system (100% welcome bonus and 25% on each reload) and so far....
Speaking to investors during Overstock.com's fourth-quarter earnings call on 30th January, CEO Patrick Byrne revealed he now holds "several million dollars" in bitcoin, having recently invested in the currency. Byrne retracted earlier statements that indicated both he and Overstock would not hold any bitcoin. The outspoken exec further freed his company to hold bitcoin on the call, stating that it is "no longer bound" by previous restrictions. Notably, Byrne echoed statements made by executive vice president Jonathan Johnson at the New York Department of Financial Services (NYDFS) hearings....
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....