Categories: Bitcoin Entertainment

Two Interesting Announcements from

Click here to view original web page at

Online retailer is already well known in the digital currency space as being one of the first major retailers – and the first publicly traded company – to adopt bitcoin as a payment method for its goods. Now, the company has gone a step further in its embracing of digital currency, with two major steps forward revealed today.

First, that overstock will soon offer its staff the option to be paid in bitcoin. The move makes sense, since overstock likely has a large holding after customers have making more than $3 million worth of purchases since January last year.

Chief Executive Patrick Byrne said in the release:

Moving cryptocurrencies out of the realm of geeks and into the realm of the rest of us requires making changes at all levels of the financial ecosystem…An important part of this effort is making digital money ATM accessible.

The second major announcement confirmed that the company had installed a bitcoin ATM at its corporate headquarters in Salt Lake City. The ATM is accessible 24 hours a day and will allow members of the public (not just employees) to move between dollar and bitcoin – and the reverse.

Both these announcements suggest that the recent decline in bitcoin value has not put off large organisations from advancing the space, a good sign as far as we’re concerned.

Anyone used the ATM yet? Let us know!

First, that overstock will soon offer its staff the option to be paid in bitcoin . […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: one

Recent Posts

Wealth manager launches world-first bitcoin yield fund

A US-based wealth manager has claimed an industry milestone with the launch of the first cryptocurrency derivatives-based yield fund on… Read More

5 hours ago

CME Group To Launch Bitcoin Options In Early 2020, Cites Client Demand

CME Group Inc (NASDAQ: CME ) announced Friday that it will launch options on its Bitcoin futures contracts in the… Read More

5 hours ago

Nigerian Rocks Crypto World By Returning NGN 28.8 Mn Worth Of Bitcoin That Was Sent To Him In Error

Here’s the latest on today’s edition of “Wait, What?!”; A Nigerian man woke up one day to find that NGN… Read More

5 hours ago

Bakkt: A Big Boost For Bitcoin (BTC) or Will It Flop?

Share Tweet Send Share The launch of the largest institutional bitcoin product of the year is finally upon us. Can… Read More

5 hours ago

Bitcoin (BTC) Metrics Pointing to Bullish Returns

Share Tweet Send Share Many analysts over the years have said that bitcoin is a speculative bubble, comparing it to… Read More

5 hours ago

Bitcoin Sheds $10,000 Support Again Ahead of Bakkt Launch

Ahead of the launch of Bakkt’s Bitcoin (BTC) futures, bears have continued to assert control over the cryptocurrency market. Ouch.As… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More