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Overstock.com will become the first major U.S. retailer to accept Bitcoin, the company's chief executive Patrick Byrne told CNNMoney Friday.
Byrne said customers will be able to use the virtual currency to make purchases on Overstock.com (OSTK), which sells everything from digital cameras and bed sheets to patio furniture and even cars. The company is expected to have total revenue of $1.3 billion for 2013, according to FactSet Research.
"We think there's going to be a market in Bitcoin, and we want to get in front of it," said Byrne. "We want to be the first major e-tailer that accepts them." Byrne first made comments about Overstock.com accepting Bitcoin in an interview with Bitcoin blog newsBTC and later in the Financial Times.
Byrne said customers will be able to use the virtual currency to make purchases on Overstock.com (OSTK), which sells everything from digital cameras and bed sheets to patio furniture and even cars. The company is expected to have total revenue of $1.3 billion for 2013, according to FactSet Research.
"We think there's going to be a market in Bitcoin, and we want to get in front of it," said Byrne. "We want to be the first major e-tailer that accepts them." Byrne first made comments about Overstock.com accepting Bitcoin in an interview with Bitcoin blog newsBTC and later in the Financial Times.
http://money.cnn.com/2013/12/20/technology/innovation/overstock-bitcoin/index.html
The Financial Times in UK also did a story:
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Big US online retailer to accept Bitcoin
By Barney Jopson and Stephen Foley in New York
Overstock plans to become the first big US online retailer to accept Bitcoin, as Patrick Byrne, the company’s libertarian chief executive, warms to the virtual currency as a refuge from government control.
By Barney Jopson and Stephen Foley in New York
Overstock plans to become the first big US online retailer to accept Bitcoin, as Patrick Byrne, the company’s libertarian chief executive, warms to the virtual currency as a refuge from government control.
http://www.ft.com/intl/cms/s/0/d5f2f096-6907-11e3-996a-00144feabdc0.html