Overstock.com begins accepting Bitcoin as payment

Share this article:

Overstock.com revealed last month that Bitcoin payments would soon be an option for its customers, but the online retailer began accepting the digital currency for purchases sooner than expected.

Despite an earlier announcement that it would accept Bitcoins as soon as June, Bitcoin purchases started flying in from customers as of Thursday.

According to Friday tweet from Overstock.com CEO Patrick Byrne, the bargain website received 780 Bitcoin orders, accounting to $124,000 in sales, in 21 hours.

Although Bitcoin has fluctuated heavily in value, many have taken it up as a viable form of currency, including cyber thieves eyeing ways to empty users' Bitcoin wallets.

Overstock.com, headquartered in Salt Lake City, is the first major online retailer in the US to accept Bitcoin payments.

Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

More in News

Company news: New hires at Accuvant, ZeroFox and ThreatStream

New hires at Accuvant, ZeroFOX and ThreatStream, while a divestiture at Juniper and an acquisition for BlackBerry.

News briefs: The latest on Sony, Android, Backoff malware and more.

News briefs: The latest on Sony, Android, Backoff ...

This month's news briefs cover a preliminary settlement Sony will bear for the exposure of 77 million customers, and more.

CryptoWall surpasses CryptoLocker in infection rates

CryptoWall surpasses CryptoLocker in infection rates

A threat analysis from Dell SecureWorks CTU says that CryptoWall has picked up where its famous sibling left off.