Overstock to Donate 4% of Bitcoin Revenue to Organizations Promoting Bitcoin Adoption
Overstock CEO Patrick Byrne announced that Overstock will donate 4% of their Bitcoin revenue to organizations promoting Bitcoin adoption. At this point in time, Overstock has selected the Chamber of Digital Commerce as the first organization that will be donated to. "The cryptocurrency movement is at a critical stage in its evolution. Adoption among the technorati is fairly pervasive, but it needs to make its way into the lives of the masses in the developed and developing worlds, while avoiding the obstacles that uninformed intervention by lawmakers could impose. The Chamber of Digital....
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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....
On Monday, Overstock CEO Patrick Byrne announced the online retailer had hired two Counterparty developers to build a decentralized stock exchange to issue corporate stock for Overstock and other companies. Byrne confirmed the exchange, code-named "Medici," would operate atop the Counterparty platform. This news caused the XCP price to soar (XCP is the native currency for the Counterparty platform). Also Read: Overstock to Donate 4% of Bitcoin Revenue to Organizations Promoting Bitcoin Adoption. Overstock Announces Decentralized Stock Exchange. Overstock CEO Patrick Byrne's announcement of....
Everyone would like to see Overstock succeed because they accept Bitcoin. This past year, they did around $3 million in Bitcoin sales. Some say this was less than the projected $8 million. But then, the price of Bitcoin hovered around $600 for awhile, and now it's around $300, so potentially this estimation was made in anticipation of future prices. Also read: Overstock to Donate 4% of Bitcoin Revenue to Organizations Promoting Bitcoin Adoption. The Cool Thing About Bitcoin. In a recent video, Byrne expresses a deep regard for cryptocurrencies largely because they are not centralized, and....
US online retailer Overstock has pledged to donate 3% of profits generated through bitcoin sales to advocacy organisations that promote digital currencies. Patrick Byrne, the company's CEO, made the announcement at the Bitcoin in the Beltway conference, held in Washington DC over the weekend. Overstock later told CoinDesk that the decision to donate a portion of its bitcoin sales revenue is "a new one" and that it is still "working out the details". Notably, however, the Overstock spokesperson indicated that revenue donated by the company will not go solely toward bitcoin advocacy: "Any....
Overstock.com Poised to Donate 3 Percent of Bitcoin Sales Revenue to Support Cryptocurrency Adoption
Overstock.com, the first major company in the world to adopt bitcoin as a means of payment, is taking themselves a step further in the cryptocurrency space. First reported by bitcoin website CryptoCoinsNews this past weekend, the Utah-based company's CEO, Patrick Byrne, announced that the mega retailer has plans to donate approximately three percent of their bitcoin sales revenues to cryptocurrency-related causes. Specifically, with the aim to spur adoption in the sector. The announcement came during Byrne's keynote address at the Bitcoin in the Beltway conference that took place in....