One of the first and biggest major retailers to join the Bitcoin revolution has invested heavily in its blockchain subsidiary, and has also changed its internal strategy on accumulating Bitcoin from 10% previously to an incredible 50% now. This move coincides with the digital currency breaking its all time records this month and soaring to unprecedented highs.
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There are rumors floating around on the Internet stating how Overstock.com would no longer be accepting Bitcoin payments. That is not the case, as the payment method is still listed on their checkout page. Judd Bagley of Overstock has also confirmed the company will keep accepting Bitcoin payments. Also read: Ether to Blame for Bitcoin’s Decline? No Reason To Panic For Overstock.com Users The confusion started becoming more apparent when one Reddit user posted a
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It seems Patrick Byrne of Overstock.com is concerned about an apocalyptic situation arising in America. Byrne the staunch libertarian feels the U.S. economy is riding yet another bubble and wants his employees to be safe if things fall out of place. So the boss of the Overstock website has buried in a secret location USD $10 million in gold, silver and non-perishable foods in the state of Utah for his workers. Also read: The Final
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Speculation is running wild in the world of Bitcoin and digital currency after Rand Paul announced his tech counsel team members. Among those members are some very important people in the Bitcoin industry, particularly Overstock CEO Patrick Byrne. But what does Rand Paul need a tech counsel for, and what will Byrne’s appointment mean for Bitcoin and digital currency in general? Also read: Rand Paul Accepts Bitcoin for 2016 Campaign Donations Rand Paul: Accepting Bitcoin Donations for Political
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Overstock.com was the first major online retailer to embrace bitcoin and the first to accommodate bitcoin across the globe. You might even say that Overstock gave the much needed push for the following boom of Bitcoin adoption. Recently, David Byrn, Overstock CEO, announced Project Medici, in which the Company was developing Blockchain based software, with the potential of sidestepping traditional stock exchanges.