I mentioned already in an earlier article that the retailer Overstock would plan to accept Bitcoins in 2014. But this came true now. It is now official, the retailer Overstock now accepts Bitcoins as they mention on their website. If you shop for everyday needs and different products on Overstock, you can now check out with the Bitcoin currency.
-
Follow
Following
Already have a WordPress.com account? Log in now.
Diary of Dennis 
[ Smiles ] It is only a matter of time when all major businesses start accepting Bitcoin.
This might happen and if so, then the whole would become less volatile and that would be great. At the moment it is still a pretty risky and highly speculative digital currency (it also attracts a lot of gamblers at the moment). The more businesses accept it the more stable it can become. I think that a lot of businesses are still afraid as it has not been stable over the last months and as it is too speculative. But it is only positive that some already start to accept it.
I had two bitcoins last year when they were worth $50 each. I sold them later and I hated my self for this when I heard bitcoin reached the value of over $900 😀 But how could I know that this would happen? 🙂 But I still follow this topic as it is interesting anyhow.
I can image that more and more online businesses will accept it. I do not think that it will replace fiat money but it can be a nice addition for web purchases. I have read that even the Paypal CEO could imagine to add them as currency exchange to Paypal. Looks like big players monitor bitcoins already.
[ Smiles ] Bitcoin is the currency of the future!
Nothing is impossible 🙂 I imagine how people would pay with their smartphones in shops of the city 🙂
[ Smiles ] Now, that is a very intoxicating thought; one which I LOVE.
I actually imagined people paying their taxi fares with Bitcoins.
That is an interesting though as well. Very convenient way to pay 🙂
[ Smiles ] Yes, it certainly is!