
“Overstock.com Inc., an online discount retailer, is preparing to accept the virtual currency bitcoin as payment in the second half of 2014, according to Chief Executive and Chairman Patrick Byrne. The news was first reported by the website newsBTC, and confirmed in a Thursday morning phone interview with Byrne. The project is in an early stage, with no decision yet on whether Overstock.com would work with bitcoin companies to allow bitcoin payments or create its own system. A team of six to 12 people is expected to work on bitcoin payments at the company, said Byrne.”
Related posts:
Cayman Islands, Costa Rica agree to share bank account details with US
Dutch architect to build house with 3D printer
Turkey becomes partner of China, Russia-led Shanghai Cooperation Organisation
Fast food workers strike in 50 cities to demand wages of $15/hour, right to unionize
Bitcoin Poses a Challenge for Law Enforcement
Swiss solar-power plane set for trans-US flight
Officer sold police-issued bulletproof vests in Walgreens parking lot
Astonishing Images Show $4.2 Million In Seized Dark Market Drugs
Gold Seen Luring Wealthy as Central Bankers Expand Stimulus
Bovard: Facebook censored me for criticizing the government
China's rich fleeing the country—with their fortunes
Iraq Voids Real Estate Sales in ISIS Controlled Areas
How many grenade launchers did Michigan police departments receive?
Greeks clash with riot police as politicans pass austerity measures
Saudi Arabia to allow women to drive