Overstock After Byrne: Will It Remain Bitcoin-Friendly?
Patrick M. Byrne, the CEO of Overstock, has taken an indefinite leave of absence due to complications arising from Hepatitis C. Will his company remain bitcoin-friendly post his exit, given that he was one of the most vocal supporters of Bitcoin? In a press release on 11th April 2016, Patrick Byrne revealed that he had been struggling with Stage IV of Hepatitis C, contracted in a surgery in 1984 in China. Due to complications arising from this, he has taken an indefinite leave of absence. It is currently not known whether Byrne will return to work. Mitch Edwards, the General Counsel of....
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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....
Here's a little something that might interest members of the bitcoin community, particularly those that frequent social sharing website Reddit.com. Overstock.com CEO Patrick Byrne will be holding a Q&A session at from between 3 - 5 PM Eastern time on the /r/IAmA/ subreddit Friday, the 2nd of May. While the subreddit will allow Redditors to ask just about any question they feel appropriate, bitcoin-loving Redditors can take the opportunity to ask Byrne hard-hitting questions relating the the emerging digital currency. Of course, both Overstock.com and Patrick Byrne gained tremendous....
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....
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....
In a newsbtc.com exclusive, Overstock CEO Patrick Byrne told Eric Calouro of newsBTC in a phone interview that they plan to accept Bitcoin starting in the second half of 2014. This is incredible news considering how large of a retailer Overstock.com is at over $1 billion USD in revenue annually. What's even more promising from the news is that Byrne admitted that the company is still working out the logistics for accepting Bitcoin, but they might not go with Coinbase and/or BitPay. Overstock.com might work independently of Bitcoin payment processors entirely by implementing their own....