You are here

Overstock Says Bitcoin a Hit With Consumers

Overstock Says Bitcoin a Hit With Consumers

Digital currency Bitcoin has been a big hit at, according to Tweet by the company’s CEO.

“Bitcoin’s first full day on was a huge success: 840 orders, $130,000 in sales,” wrote CEO Patrick Byrne. “Almost all new customers.”

Overstock announced it would begin accepting the cyber cash last month. 

In an interview with CNN, Byrne predicted that other big e-tailers will soon accept it as well.

“I actually think that this forces the hand of Amazon and some other big players,” he said. “They have to follow suit. You will see them follow suit, I’ll be stunned if you don’t, because they can’t just cede that part of the market to us, if we’re the only main, large retail site taking Bitcoin.”

Still, not many people appear to be using it to buy jewelry.

Byrne tweeted that the biggest-selling items among users were “sheets, mobile phone cases, flash drives, bath towels. I expected more video cards.”

Like this article? Stay up to date with the latest jewelry news

Subscribe to JCK News Daily

Register For

JCK Las Vegas 2017

Monday, June 5 - Thursday, June 8, 2017

Learn More

That's such an asinine comment. Everything is technology driven these...

It such an exceptional stone, particularly with the calcite, that it...

Let's view the Acquisition of Blue Nile as if we were writing a case...

Obviously you can't or shouldn't stop progress. Blue niles growth was...

I see more Blue nile like sites opening in the near future killing...