Overstock.com to accept Bitcoins starting in Q2

|By:, SA News Editor

Overstock.com (OSTK +3.3%) will become the first major online retailer to accept Bitcoins starting in Q2 according to CEO Patrick Byrne.

Byrne: "Philosophically, we support Bitcoin."

The site does not plan to hold the currency but rather use a payment processor to convert Bitcoins to cash.