Overstock.com Offers Staff Option to be Paid in Bitcoin
Employees at Overstock.com have another option when it comes to receiving their paycheck - bitcoins. The discount online retailer Overstock.com announced on Friday it is planning on offering its employees the option of being paid in Bitcoin. The announced was made in a release about a Bitcoin ATM that was installed at its corporate headquarters in Salt Lake City. It is the one year anniversary of when the company first announced it would be accepting bitcoin as a form of payment. Also read: Overstock to Pass $3 million in Bitcoin Sales in 2014. Overstock.com Offers Staff Bitcoin. In his....
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Online retailer Overstock.com is already well known in the digital currency space as being one of the first major retailers - and the first publicly traded company - to adopt bitcoin as a payment method for its goods. Now, the company has gone a step further in its embracing of digital currency, with two major steps forward revealed today. First, that overstock will soon offer its staff the option to be paid in bitcoin. The move makes sense, since overstock likely has a large holding after customers have making more than $3 million worth of purchases since January last year. Chief....
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....
Overstock hopes to encourage bitcoin use with a range of incentives for vendors who decide to accept payments in the digital currency. Speaking in a podcast at the libertarian Porcupine Freedom Festival, Overstock CEO Patrick Byrne said, "We're going to start giving sort of special deals to the vendors who want to be paid in bitcoin." This could mean offering discounts and favourable terms to vendors selling through the Overstock platform if they start to accept bitcoin, he indicated, adding that the company may also reward those who already accept the digital currency. Notably, Byrne also....
Prior to Isabel accepting Bitcoin, Portland, Oregon has been very slow to integrate Bitcoin into businesses within the city, much slower than many cities that are smaller in size. Isabel is well known for their unique menu, superb breakfast items, and the micro brews available on tap. Isabel is among the first of quality sit down restaurants to integrate Bitcoin payments as an option to patrons. Isabel partnered with Bit Consultants, a company that educates and trains individuals and stores to accept Bitcoin payments. Bit Consultants uses BitPay to allow clients to accept Bitcoin payments.....
US retail giant Overstock has installed a bitcoin ATM in the lobby of its Salt Lake City, Utah headquarters. Part of an effort to further encourage digital currency use amongst its staff, the news coincides with the announcement that it is in the process of offering its employees the option to receive their pay in bitcoin. Further, it comes just one year after it first began offering US customers a bitcoin payment option through Coinbase. Overstock CEO Patrick Byrne, who has been an outspoken advocate of the digital currency, spoke to CoinDesk about the endeavor to give bitcoin a greater....