By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Overstock.com Incs sales through bitcoin are expected to add 4 cents per share to its earnings this year, the online retailers chief executive, Patrick Byrne, told Reuters. Bitcoin sales at Overstock , which started accepting this type of currency as payment for items on its website in January this year, have exceeded $2 million so far, or about one-quarter of 1 percent of total sales. By the end of the year, Byrne expects Overstock to do $1 million in bitcoin sales per month. Overstock, which uses Coinbase as a payment processor, has been at the forefront of the bitcoin revolution.
Comments are closed.
