Tag: payment method

Technology2 Comments

What Is Bitcoin

Dennis

I follow a very interesting technology innovation since some time. It’s a payment technology called Bitcoin. What is Bitcoin? Well, it is basically a digital currency, a new way to send and receive money over the internet. The currency is called Bitcoin and you can use it worldwide and the transactions are secure, fast and processed every day and hour of a week. You could now say that we can already send and receive any country currency via bank or any online payment provider, but to understand the advantage of Bitcoin over the commonly known payment variant, we must take … Continue reading What Is Bitcoin

Technology1 Comment

Overstock will take Bitcoin payments in 2014

Dennis

The virtual currency Bitcoin had a hard week and while Bitcoin is already known for being very volatile, some retailer are still not shocked about this fact. Overstock for example announced on Friday that they will accept Bitcoin payments in 2014. Overstock is a retailer and sells everyday products like household equipment and furniture for the home. Apart from that they do also sell apparel for men and women and even jewelry and watches, health and beauty products and indeed also electronics. That is again a new posibility which allow Bitcoin owners to spend Bitcoins instead of treasuring them up … Continue reading Overstock will take Bitcoin payments in 2014