CoinTelegraph spoke to Judd Bagley, Overstock’s Director of Communications , about the company’s continuing support for Bitcoin and cryptocurrency .
Online retail giant Overstock .com has historically had a demonstrable interest in cryptocurrency, accepting BitcoinCT r: 8 for payments and extending special deals to crypto-using customers.
This has been largely due to CEO Patrick Byrne’s passion for all things crypto, and his commitment to what he calls “the crypto revolution.” Byrne’s recent exit from the company has left doubts in the minds of some as to the company’s future as it relates to Bitcoin. Business and philosophical reasons
CoinTelegraph: Overstock seems to be one of the few large retailers that has long been an ally of Bitcoin and the cryptocurrency movement at large, to a degree not easily found elsewhere. Is this mostly due to Patrick Byrne’s personal vision, or does it go beyond that?
Judd Bagley: Patrick Byrne’s clearly at the foundation of Overstock.com’s eager approach to crypto technology. It’s rare that you find a single person with the educational, political, and economics background that Patrick has.
You put these things all together and you get a person uniquely qualified to not only understand the nature of this new technology, but also be in a position to put the power of a $2-billion company behind promoting it.
Our reasons for accepting Bitcoin as a payment method in 2014 were two-fold: business and philosophical. And I’d say that approach continues to drive what we’re doing in the crypto space with t0.com today: we’re doing this as both a good entrepreneurial business decision and because we’re moving civilization forward a few steps. Bleeding edge of progress CT: How far has Byrne’s passion for crypto sifted down through the corporate culture? Is it a shared interest across the whole company, or more "the boss’s […]