31 Jul '14, 7pm

Overstock to Pay Employee Bonuses in Bitcoin via @mashable

Overstock, which began taking bitcoin in January and posted $1 million in sales two months later, is so enamored with the currency that it plans to offer employee bonuses in bitcoin too. Judd Bagley, a rep for Overstock, says the company is trying to figure out how to offer bitcoin bonuses by the end of the year. If an employee opts for such a bonus, they'll get a premium over what they'd get if they take cash instead, he said. Bagley added that Overstock's bitcoin sales just recently eclipsed $2 million. "We experienced an initial surge, there was a lot of excitement," he said. "It settled into something a little more predictable." Bitcoin sales account for about a 0.25% of the average day's sales, he says. Overstock posted revenues of $673.7 million in the first half of 2014. On the upside, such sales require little work on Overstock's part. The transactions are handled ...

Full article: http://mashable.com/2014/07/31/overstock-bitcoin-bonuses/...

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