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[WIRED] The Grand Experiment Goes Live: Overstock.com Is Now Accepting Bitcoins

post #1 of 35
Thread Starter 
Quote:
So, just minutes ago, Overstock started accepting bitcoin payments for everything it sells, from laptops and TVs to faucets and bar stools. Byrne believes this can ultimately boost the company’s bottom line, but that’s not his only aim. For Byrne, a rather opinionated libertarian who’s unafraid to take his company places others fear to tread, embracing the cryptocurrency is as much a political statement as a business decision. Like so many others, he believes bitcoin can free the world from the control of big banks and big government. “It helps us fight the machine,” he says.


http://www.wired.com/business/2014/01/overstock-bitcoin-live/

So it just went live. Someone actually delivered on their promise to implement bitcoins.

EDIT:
https://help.overstock.com/app/answers/detail/a_id/5794/c/4
Quote:
Bitcoin is a digital currency that allows quick and secure online payments. We partnered with Coinbase, a Bitcoin platform, to enable Bitcoin as a form of payment on Overstock.com. Coinbase is a Bitcoin wallet that allows consumers to buy, sell, send, and receive Bitcoins.

If you are already a Bitcoin user and would like to place an order using this form of payment, select the Pay with Bitcoin under the Payment Information section of our checkout page.

Any service credit for orders paid with Bitcoin is issued to your Overstock.com account as in-store credit, excluding cancelled orders. Cancelled orders qualify for a refund in Bitcoins. Any refund is issued for the full USD value of the order and processed at the Bitcoin exchange rate at the time the refund is completed.

Edited by Syan48306 - 1/9/14 at 12:18pm
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post #2 of 35
Oh wow....

I bet BTC jumps a few bucks.
    
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post #3 of 35
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post #4 of 35
Yea, I have bought a number of things of Overstock, they are like the little cousin of Amazon. Their customer service is really good, pricing can be really good, especially on a lot of home things.
    
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post #5 of 35
Quote:
Originally Posted by PostalTwinkie View Post

Oh wow....

I bet BTC jumps a few bucks.

Jumped around $15 from early this morning, (currently still climbing)
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post #6 of 35
If only they sold R9 280x, I would be buying GPUs with my mined coins, lol. An extra 280x/7970 for $30 in electricity would be pretty sweet.
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post #7 of 35
Thread Starter 
wow bitcoin is really spiking. It went from a $783 low to almost $830 since the release of the article.
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post #8 of 35
Awesome. thumb.gif
post #9 of 35
Just went through to almost the end with an order. They are saying 1 BTC is 819, so right around the prices you can sell 1 BTC at coinbase for.
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post #10 of 35
We need everyone to switch smile.gif
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