“In its first 22 hours accepting the digital currency, Overstock tells us, it accepted 800 orders in bitcoin, and they were worth a total of about $126,000. The company nabbed $5,000 in bitcoin orders in the first 30 minutes alone, and about $10,000 in the first two hours. That’s not an enormous haul, but judging from the company’s yearly revenue, it could be as much as 4 percent of its average daily sales, and it shows there’s a vibrant bitcoin community that’s interested not only in using the digital currency as an investment, but in actually spending it. That will be crucial to the future of this still very young technology.”
http://www.wired.com/business/2014/01/overstock-bitcoin-sales/
Related posts:
Last Week’s Mortgage Applications Were at a 13-Year Low
Missile Test Terrorism Over Los Angeles
DIY Law Enforcement in Cash-Strapped Oregon County
A Libertarian Builds Low-Cost Private Schools for the Masses
Washington state prepares to take on TSA
Swiss Bank Refuses Request for Cash Withdrawal, Backed By Central Bank
Yellen Says Negative Rates On The Table "If Outlook Worsened"
Anonymous predicts demise of Corrections Corporation of America
Kipochi launches first Bitcoin wallet in Africa with M-Pesa integration
Charlie Shrem Kidnapped. Which Bitcoin Entrepreneurs Are Next?
21 Ways Rich People Think Differently
MtGox Subpoenaed By U.S. Prosecutor
Feed the Homeless and the Food Police Will Bleach Your Food
Guilt by Musical Association
US August Budget Deficit Soars To $192 Billion, $1.17 Trillion In Fiscal 2012