Overstock to permit Bitcoin payments for international sales


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.

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Comments (2)
  • Dr. Kris
    , contributor
    Comments (369) | Send Message
     
    Ever since my phone was taken over and corrupted by bitcoin miners I'm not so accepting of the "currency." If a company is relying on this form of monetary transaction, I'd be suspicious.

     

    Not saying that virtual currency can't have its place--just not sure how it fits in...

     

    Dr. Kris
    20 Aug 2014, 02:09 AM Reply Like
  • Dr. Wang
    , contributor
    Comment (1) | Send Message
     
    Think of it this way. If you don't protect your computer or mobile with the right security and download random apps or software, you're going to have a bad time. What you'll find is these bitcoin miners that leech off of your devices , are bundled into malware packs. These malware packs have a handful of bad things included with them. Key loggers, worms, back doors , coin miners. Don't blame the technology, blame the hackers and villains that are infiltrate every part of our life's. The amount of good players in bitcoin outweigh the bad.

     

    Dr K.D Wang
    20 Aug 2014, 09:21 AM Reply Like
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