Andre Yoskowitz
9 Jan 2014 23:41
Last month, large e-tailer Overstock.com announced that it would begin accepting Bitcoin as a payment option in 2014. As of today, the company is now accepting the digital currency, much earlier than anticipated.
CEO Patrick Byrne says the company got in touch with Coinbase.com (large Bitcoin payment processor) last week, who informed them that with a dedicated team they could launch in a week.
"They actually came back with a plan on the evening of New Year's Day on how get live in a week, we've had 40 people from diff parts of company, [on the project], including customer service agents," added the exec.
Within two hours of launch, Byrne says over $10,000 worth of Bitcoins were used by over 100 purchasers.
Pleased to announce that #Bitcoin is live at #Overstock.com! http://t.co/mx9TFc8KNQ
-- Overstock.com (@Overstock) January 9, 2014