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Posts Tagged ‘Overstock.com’

For all its advantages, Bitcoin has one major drawback: its rather hard to spend. While the digital currency has legs in online marketplaces like Overstock and Square Market, few brick and mortar stores are equipped to trade in Bitcoin. Special ATMs help a little, but there has to be a better way.

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For those hoping to buy real goods with bitcoin, Overstock.com is still the biggest game in town, and a new CEO profile by Forbess Kashmir Hill helps explain the story behind the early adoption and the companys newfound devotion to cryptocurrency. With new Bitcoin reward programs and plans for a Bitcoin-like stock market, CEO Patrick […]

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Bitcoin got a major new ally this week, as Overstock.com began accepting the alternate currency system as payment. Overstock isnt the first company to accept the currency, but its larger and more powerful than previous companies like Reddit and OKCupid. Bitcoin has come under fire from economists who see it as unstable on principle, but […]

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