22 April 2018
Visit https://aciworldwide.webex.com

Online retailer Overstock starts accepting Bitcoin Cash and Ethereum

09 August 2017  |  20999 views  |  0 Bitcoin

American e-commerce retailer Overstock has doubled down on its cryptocurrency bet, adding Bitcoin Cash, Ethereum and Litecoin to Bitcoin as payments options for nearly four million products on its site.

Overstock has let customers buy goods with Bitcoin since 2014. Now it has teamed up with digital asset exchange ShapeShift to integrate other major cryptocurrencies, including Dash and Monero.

During checkout, customers will select their preferred cryptocurrency and submit the order before being prompted to transfer the coins, just as they would with any other digital wallet transaction. Overstock will then use ShapeShift to convert the cryptocurrencies to Bitcoin.

Patrick Byrne, CEO Overstock, says: "Overstock is pro-freedom, including the freedom of individuals to communicate information about value and scarcity without relying on a medium created through the fiat of unaccountable government mandarins. For that reason, we have been an early proponent and adopter of cryptocurrencies."

Byrne has been an enthusiastic Bitcoin and blockchain backer for several years, even setting up an Overstock DLT subsidiary, called Medici Ventures, to invest in startups and develop the technology.

In another pointer to the mainstreaming of virtual currencies, Fidelity Investments has started allowing clients to use its website to track their holdings of bitcoin, ethereum and litecoin alongside other traditional asset clases through an alliance with digital wallet provider Coinbase.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Overstock's Medici Ventures takes stake in Symbiont

Overstock's Medici Ventures takes stake in Symbiont

27 July 2017  |  9671 views  |  0 comments | 4 tweets | 2 linkedin
Overstock preps blockchain public offering

Overstock preps blockchain public offering

16 March 2016  |  6752 views  |  0 comments | 3 tweets | 9 linkedin
Overstock explores spin off of cryptotrading unit

Overstock explores spin off of cryptotrading unit

13 November 2015  |  6377 views  |  0 comments | 8 tweets | 6 linkedin
Overstock issues first 'cryptobond'

Overstock issues first 'cryptobond'

08 June 2015  |  5288 views  |  1 comments | 8 tweets | 7 linkedin
Overstock looks to issue Bitcoin-style stocks

Overstock looks to issue Bitcoin-style stocks

29 April 2015  |  6566 views  |  0 comments | 3 tweets | 3 linkedin
Overstock ponders the possibility of a 'cryptosecurities' exchange

Overstock ponders the possibility of a 'cryptosecurities' exchange

01 August 2014  |  11158 views  |  0 comments | 5 tweets | 1 linkedin

Related blogs

Create a blog about this story (membership required)
Visit http://wup.digitalVisit https://aciworldwide.webex.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
11834 views comments | 20 tweets | 27 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
10240 views comments | 18 tweets | 32 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9983 views comments | 14 tweets | 19 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
9280 views comments | 16 tweets | 22 linkedin
Goldman Sachs acquires PFM startup Clarity MoneyGoldman Sachs acquires PFM startup Clarity...
8654 views comments | 9 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job