Overstock to permit Bitcoin payments for international sales

|By:, SA News Editor

Overstock (NASDAQ:OSTK) is preparing to accept Bitcoins (COIN, OTCQB:BTCS) for its international sales as of Sept. 1, transforming the company into the biggest online merchant to extend the payment option beyond the U.S.

Since January, several established retailers, including Expedia and Dell, have started accepting Bitcoin for domestic sales, although the new move by Overstock suggests a more widespread adoption of the virtual currency to the international space.

CEO Patrick Byrne says he expects the company to record $6M-$8M in domestic Bitcoin sales this year and was optimistic that it could pull in an additional $2M internationally.