“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/
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Tip Freedomwat.ch Staff with Bitcoin
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