30 Dec '13, 4pm

Retailers Of All Sizes Are Warming Up To Bitcoin

Retailers Of All Sizes Are Warming Up To Bitcoin

Welcome to our new Payments Insights newsletter, a morning email with the top news and analysis on the digital payments industry, produced by BI Intelligence . Sign up to receive it in your inbox every morning. Click here to sign up for Payment Insights today! A BIG RETAILER WARMS UP TO BITCOIN : Overstock.com CEO Patrick Byrne says that Overstock will begin accepting Bitcoin sometime in June. According to The New York Times, Byrne said that “some fraction, tiny now, of the population” currently wants to transact using a digital currency like Bitcoin. He also appeared intrigued by the currency's structure, which places strict parameters that guide the amount of Bitcoin that can be created: “You want money to be based on something that no government mandarin can wish into existence with the stroke of a pen.” Byrne said the company would protect itself from oscillations in B...

Full article: http://www.businessinsider.com/retailers-warm-up-to-bitco...

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