Friday, February 21, 2014

Nearing $1M in bitcoin sales, Overstock CEO says he wants to 'further the cause of Bitcoin'


For those hoping to buy real goods with bitcoin, Overstock.com is still the biggest game in town, and a new CEO profile by Forbes's Kashmir Hill helps explain the story behind the early adoption and the company's newfound devotion to cryptocurrency. With new Bitcoin reward programs and plans for a Bitcoin-like stock market, CEO Patrick Byrne's devotion to Bitcoin goes far beyond a simple business opportunity. "I want to be able to pay vendors and employees in Bitcoin too if they choose," Byrne told Hill. "I’m doing this because I want to further the cause of Bitcoin."


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