Live Today: Overstock.com Initiates Bitcoin Payments Using Coinbase

Get used to seeing “Just paid Overstock.com in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term using @Coinbase! https://www.overstock.com/bitcoin"

Overstock.com made some headlines at the end of 2013 when their CEO announced that they would be initiating bitcoin as a payment option. The service has just been launched today with users provided a custom message to tweet about their purchase using bitcoins. Partnering with Coinbase, Overstock.com users will now see bitcoin as a payment option for their purchases. Not surprisingly, Overstock.com also features Coinbase on its bitcoin information page when explaining how to buy bitcoins.

Having just been launched, bitcoin purchases are picking up stream with partial results of buyers showing up on Twitter’s stream. You can check out Twitter search for live updates of users tweeting their purchase. (Curious how many of these buyers are purchasing on Overstock.com for the first time)

With a market cap of $700 million and revenues of $1.25 billion, Overstock.com is among the largest firms in the world accepting bitcoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term directly. In addition, unlike Zynga which recently began to accept bitcoins for some of its social games, availability of items for purchase with bitcoins at Overstock.com is on a much wider scale. Looking ahead, it will be interesting to see who the next big retailer in the US decides to offer bitcoin payments. With firms such as BitPay and Coinbase providing integrated merchant payment processing solutions, accepting bitcoins is easier than ever.