TagBitcoin Acceptance

Overstock CEO: It's Time We Switch to Real Money, Either Bitcoin or Gold

Bitcoin price, bitcoin, gold

Overstock founder and CEO Patrick Byrne, a longstanding bitcoin supporter, recently appeared on FOX Business’ “Mornings with Maria” to explain why he’s bullish on bitcoin. During the interview, Patrick Byrne notably pointed out that it isn’t about how high bitcoin will go, but about how low fiat currency can go, and that “it’s about time the world switches to real money.” At a time in which...

Overstock Executive: It's Crazy That Retailers Still Don't Accept Bitcoin

Accept Bitcoin

Recently, as reported by CCN, Morgan Stanley published a report that showed that out of the top 500 online retailers, only three accept bitcoin, down from five in 2016. The report outlined a few motives that led to the decline, including a rise in bitcoin’s price, scalability issues, and according to the bank a lack of pressure from bitcoiners for retailers to start accepting bitcoin. The...

The Energy Efficiency of Bitcoin

In a recent article on Vice's technology news feed, Motherboard, author Sebastiaan Deetman explores the energy efficiency of Bitcoin. The article begins with a brief and fatalistic assertion regarding the environmental impact of mass migration to Bitcoin (or a similar energy intensive cryptocurrency). Another Vice Motherboard contributor, Christopher Malmo, is quoted as saying, "Adopting Bitcoin...

Olympia Brew Fest Aug. 1 To Accept Bitcoin

The Olympia Brew Fest, an annual summer beer festival at the Port Plaza in Olympia, Wash., will accept bitcoin for the purchase of admission. The announcement marks a measure of progress in bitcoin as a payment method for alcohol. Festival organizers claim they will be the first in the world to accept bitcoin. The festival, Aug. 1 from 1 p.m. to 8:30 p.m., will feature more than 30 hand-picked...

More than 4400 BitPay Merchants Keep All Their Bitcoins

BitPay, the largest and oldest bitcoin payment processor with a daily volume of $1 million bitcoin transactions supporting more than 44,000 merchants, stated in an email exchange to CCN that more than 4,400 of their merchants keep all of their settlement in bitcoin, almost 18,000 keep some of their settlement in bitcoin while the remaining 22,000 convert it all to fiat. Coinbase, the biggest...