[~Time Published January 10, 2014 at 10:41AM]
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While it’s legal to pay with Bitcoin in the US, the digital currency hasn’t been very useful for mainstream shoppers. However, that’s changing today — Overstock has just become the first major American online retailer to accept Bitcoin. You’ll still see prices listed in old-fashioned dollars, but you can choose the newer payment method at checkout. CEO Patrick Byrne tells Wired that he made the move for both pragmatic and idealistic reasons: Bitcoin doesn’t cost as much to accept compared to credit cards or PayPal, and its nationless nature reduces the chances that a failed bank or country will create problems. It’s tough to tell whether other big e-retailers will follow suit, but we can’t imagine that competing shops will want to leave that much virtual money on the table.
Filed under: Internet
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Via: Wired
Source: Overstock
The post One step closer to legitimacy: Bitcoin payment live on Overstock appeared first on AIVAnet.
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While it’s legal to pay with Bitcoin in the US, the digital currency hasn’t been very useful for mainstream shoppers. However, that’s changing today — Overstock has just become the first major American online retailer to accept Bitcoin. You’ll still see prices listed in old-fashioned dollars, but you can choose the newer payment method at checkout. CEO Patrick Byrne tells Wired that he made the move for both pragmatic and idealistic reasons: Bitcoin doesn’t cost as much to accept compared to credit cards or PayPal, and its nationless nature reduces the chances that a failed bank or country will create problems. It’s tough to tell whether other big e-retailers will follow suit, but we can’t imagine that competing shops will want to leave that much virtual money on the table.
Filed under: Internet
Comments
Via: Wired
Source: Overstock
The post One step closer to legitimacy: Bitcoin payment live on Overstock appeared first on AIVAnet.
*/*/*/*/*/View@Source\*\*\*\*\* (http://www.aivanet.com/2014/01/one-step-closer-to-legitimacy-bitcoin-payment-live-on-overstock/)
[IFTTTautoSHAREv1.015 | Shared with ifttt.com More shared news etc on: http://bit.ly/Schavuiten_blog | RSS source: http://theoldreader.com/profile/51411ac5bd9279fddb0009c6]
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