Bitcoin BoardYesterday, Overstock.com surprised everyone by announcing Bitcoin as a payment method of their website, 6 months early then planned. It created a huge buzz in the Bitcoin community, as it was the first multi Billion dollar company to accept the digital currency as a payment method. Today, 24 hours later, Overstock’s CEO announced via Twitter that they processed over $124,000 in 780 Bitcoin payments at their first day of using the currency.
Ofcourse, we realize that they are currently riding a so called “Hype train” because of all the buzz it created. People wanted to checkout how the purchasing process works with BTC on such a major online retailer. The real numbers will come in about 3 months, when they hopefully announce their quarterly Bitcoin payments.
With Overstock taking the lead, other multi Billion dollar retailers like Amazon, Target, BestBuy, Wal-Mart & many others will hopefully follow their example. Overstock has proven that they are always looking for ways to experiment with new ways to keep their customers happy, and we believe that others will follow this example.
