29 Jan '14, 8pm

More Major Retailers Are Getting Ready to Accept Bitcoin

When it comes to major retailers accepting payment in Bitcoin , Overstock and TigerDirect are only the beginning. This revelation came in testimony by Fred Ehrsam, co-founder of the Bitcoin exchange and wallet service Coinbase , during the second day of hearings organized by New York state's top banking regulator to discuss the promise and peril of cryptocurrencies. Ehrsam described how the Bitcoin economy has been going through a speculative phase, with people around the world driving up the digital currency's value enormously in terms of U.S. dollars, euros, Japanese yen and other national currencies. But now, he said, the market is beginning to shift away from speculation and toward spending. "One great beacon here is major retailers like Overstock -- and there have been others -- hopping onboard," said Ehrsam, whose startup's service makes it possible for Overstock to ...

Full article: http://www.entrepreneur.com/article/231134

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