“When it comes to major retailers accepting payment in Bitcoin, Overstock and TigerDirect are only the beginning. This revelation came in testimony by Fred Ehrsam, co-founder of the Bitcoin exchange and wallet service Coinbase, during the second day of hearings organized by New York state’s top banking regulator to discuss the promise and peril of cryptocurrencies. ‘One great beacon here is major retailers like Overstock — and there have been others — hopping onboard,’ said Ehrsam, whose startup’s service makes it possible for Overstock to accept bitcoins in exchange for its products. ‘There are others of similar stature in the pipeline.'”
http://www.reuters.com/article/2014/01/29/idUS48480526120140129
Related posts:
China Mulling Implementing FATCA-Like Law To Reduce Tax Evasion
New Jersey's Christie seen shifting focus in speech amid scandals
The Bitcoin Ideology
FoxConn will pay Microsoft royalties to produce Android, Chrome phones and televisions
Investors hungry for riskier bonds
NSA pays £100m in secret funding for GCHQ
Google 'Donates' Millions For San Francisco Kids' City Bus Fares
Swiss bank UBS pays $50 million to settle SEC charges from 2007 financial meltdown
Bitcoin's $13.50 To $1,200 Eleven Month Climb---Now Taxes
'Halal' internet means more control in Iran after unrest
Iceland EU accession talks break down over mackerel quotas
Talks underway to unionize Volkswagen’s U.S. plant
Bitcoin Crash Spurs Race to Create New Exchanges
Rob McEwen Interview: On Gold Prices, Gold Miners And Bitcoin
Federal court upholds California ban on foie gras sales