Topic: Overstock Offers It's Staff The Option To Be Paid In Bitcoin - page 2. (Read 1953 times)

This is when to buy when the crowd is scared.

That's great news indeed! There was a post where Amagi Metals did the same to offer options for their staff to get paid in bitcoin and now, it's Overstock. It's good to see we are making progress, step-by-step towards more adoption.

Yeah it appears that one overstock employee is going to start with 5% of his salary in bitcoin, so I assume they have that as an option: http://www.reddit.com/r/Bitcoin/comments/2rw5iy/my_work_installed_this_kiosk_this_morning/

I assume that there's an option to be able to get a % of one's paycheck in bitcoin rather than the whole thing as this would make the most sense for those looking to test the waters. Kind of like the option to add to one's 401k every check yet keeping the bulk of it in fiat to pay certain monthly and weekly bills until these said bills can be paid in bitcoin altogether. Perhaps the next step would be for O-stock to match employees up to a certain % if they were to put a portion into bitcoin and hold it for X amount of time. It's like a way for the employer to look out for the future finances of their employees even if they aren't savvy enough to do so, like bribing.

nice news
 it seems that this company has made a hard bet on bitcoin

these are great news!

it is really good to see these big companies involving bitcoin in their structures, this way they make feel they see that bitcoin is a revolutionary technology

Another good reason to visit Salt Lake City Utah
That said its nice they are offering Bitcoin to their employees a good call.

I'm converting some of my salary in bitcoin since I can mitigate volatility risks using https://bitreserve.org

I'm not so sure about that 

http://www.reddit.com/r/Bitcoin/comments/2rw5iy/my_work_installed_this_kiosk_this_morning/

That's quite cool.  But nobody in their right mind (keyword: right) would take that offer right now unless they plan to spend or convert it immediately, lol. 

Now we have two big players allowing their staff to acceptBTC as their salary. I doubt the price will move from this news but it's another push in the right direction.

My guess? None. The price is too volatile right now for this.

i hope we get follow up info on how many take them up on the offer...

could be a smart ploy to get staff to spend more wages in store lol like bar tenders who get one free drink after work ;p

Finally!


I always wanted to post this gif.

Overstock.com employees have a new option when it comes to their paychecks: bitcoin.

The online discount retailer announced Friday that it will give employees the option of being paid in the digital currency — a sign of continuing support for bitcoin from Overstock. Almost exactly a year ago, the company announced it would be accepting bitcoin as a form of payment on its website, and in the release today Overstock said more than $3 million worth of Bitcoin purchases have been made to date.

Allowing employees to receive their salaries in bitcoin will be a step toward making the currency more mainstream, said CEO Patrick Byrne. In fact, the company is taking another step: it’s installing a bitcoin ATM in its Salt Lake City, Utah, headquarters.

“Moving cryptocurrencies out of the realm of geeks and into the realm of the rest of us requires making changes at all levels of the financial ecosystem,” Byrne said in a release. “An important part of this effort is making digital money ATM accessible.”

The ATM will be available to the public too, allowing users to convert U.S. dollars into bitcoin, and vice-versa. It will be open 24 hours a day.

Bitcoin is becoming increasingly popular for retailers, with major companies such as Microsoft  MSFT -0.84%  and Fortune publisher Time Inc.  TIME -0.40%  announcing in recent months that they’ll be accepting the cryptocurrency.

This is a far cry from the early days of the bitcoin craze, when the currency was largely linked with the now-shut down “Silk Road,” which was allegedly used to sell drugs and other illicit items.


http://fortune.com/2015/01/09/overstock-com-offers-its-staff-the-option-of-being-paid-in-bitcoin/