“Last month, Overstock.com, which sells everything from jewelry to couches, announced that it would start accepting Bitcoin by the middle of 2014. CEO Patrick Byrne, 51, said the low-priced site was looking forward to cutting down on transaction fees for purchases given that its net margin is just 2%. The site took the Internet by surprise Thursday by moving its Bitcoin deadline up radically: it’s accepting Bitcoin as of today. ‘Our first purchase with Bitcoin was a $2700 patio set,’ says Byrne from Salt Lake City, where the company is based. In the first 90 minutes of Bitcoin sales, the site had received about 150 orders.”
http://www.forbes.com/sites/kashmirhill/2014/01/09/overstock-bitcoin/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
FDA warns manufacturers of possible crackdown on caffeinated candies and snacks
NYPD informant who tracked militants quits, denounces police
Lessons From the World's Most Ruthless Competitor
Treasury: $238b financial bailout ‘avoided catastrophe,’ only $3b outstanding
U.S. would welcome Modi as India leader despite past visa ban
School District Hires Company To Monitor Students’ Social Media Posts
British warships arrive in Gibraltar amid tension with Spain
Nick Turse Describes the Real Vietnam War
Brazil confirms investigation into reports of NSA spying
Open Facebook invitation leads to birthday party riot
Wholesale Prices in U.S. Climb by Most in a Year; Food Prices Surge
FBI built 1800-page file on singer Pete Seeger over 20-year period
Journalist shield laws do not apply to blogger, judge says
Tim Draper: Why Bitcoin Is the Smart Bet in Tech Investing
Legalise ganja to treat HIV, cancer, doctors tell gov't