TechHive: Overstock.com now accepts Bitcoin for online purchases

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Overstock.com now accepts Bitcoin for online purchases Jan 10th 2014, 15:00, by Ian Paul Bitcoin isn't just for underground drug markets and Electronic Frontier Foundation donations anymore. Online discount retailer Overstock.com now accepts Bitcoin for any item sold by the site, relying on Bitcoin payment processor Coinbase for purchases made with the digital crypto currency. Coinbase is the Bitcoin payment processor for a number of online websites and services, including Reddit, Humble Bundle, and dating site Ok Cupid. But Overstock is by far the largest retailer yet to sign on to using the currency. "We believe that Bitcoin is nearing a tipping point for broad consumer adoption," Coinbase said in a blog post on Thursday. "We couldn't be more thrilled to be working with the team at Overstock.com to help make that a reality." Bitcoin is now a payment option on Overstock.com. To read this article in full or to leave a comment, please click here Media files: bitcoin-100220915-small.jpg

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