Tag: retail

Medici Ventures’ Jonathan Johnson is “baffled” So Few Retailers Accept Bitcoin No Comments

Bitcoin finds itself in an awkward position when it comes to merchant adoption. On the one hand, we have a lot of big companies showing initial support for cryptocurrency. However, the price gains over the past few years have not necessarily increased the number of merchants accepting Bitcoin. Jonathan Johnson, president of Medici Ventures, finds this situation rather strange. Top merchants should...


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Retailers in Japan Quickly Embrace Bitcoin Thanks To New Virtual Currency Regulation No Comments

Bitcoin is starting to gain mainstream traction in Japan. Earlier this month, the government introduced a new regulation legalizing cryptocurrencies. As a result, two of Japan's largest retailing groups will enable bitcoin payments moving forward. In doing so, the groups aim to promote bitcoin as a mainstream payment method. An interesting turn of events, and one that spells a bright future for bi...


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Bitcoin Accepting Payment Platform Adyen Doubles in Revenue No Comments

Bitcoin accepting Amsterdam-based payments technology provider Adyen BV has expanded their next generation point of sale solutions to U.S merchants, after the firm reported its doubled annual revenue in 2015. Adyen is a leading payments company that powers e-commerce payments globally for businesses such as Facebook, Uber and Netflix. The company has also began to provide a mobile-payments tool...


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Overstock to Launch International Bitcoin Payments on September 1st No Comments

True to their word, online mega-retailer Overstock.com is planning to open up bitcoin sales to customers outside of the United States. The retailer said at the end of July that international bitcoin payments would be made available in six weeks, and now the New York Times is reporting that payments from customers abroad will be accepted come September 1st. The acceptance will happen on Oversto...


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Overstock.com Poised to Offer Employee Bonuses in Bitcoin No Comments

I think Overstock.com has just taken another huge step forward in the cryptocurrency realm. A report from Mashable indicates that the company is planning to offer its employees the option to accept bonuses in bitcoin. Yes, that's right, bitcoin. The information allegedly comes from company spokesperson Judd Bagley, who says the Utah-based e-retailer is currently exploring options in order to d...


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Gyft Adds Best Buy Gift Cards, Limited to $10 For Short Time No Comments

Best Buy fanatic? Some good news coming your way. Popular gift card-purchasing retailer Gyft -- well known in the cryptocurrency community for accepting bitcoin -- is now offering e-gift cards for electronics retailer Best Buy. Seemingly scores of users have been begging for the addition, and now it's here. But that addition comes with a little bit a of letdown, so we'll make you aware of that r...


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Japan's Rakuten E-Commerce Company Mulls Over Bitcoin Acceptance No Comments

One of the world's largest e-commerce companies is apparently considering accepting bitcoin. That's according to the company's CEO, Mr. Hiroshi Mikitani, who has said that "sooner or later", Rakuten will allow its customers to pay for goods with digital currency. The quote (via CoinDesk.com): [blockquote style="2"]The Internet revolution is accelerating this year and I imagine that, sooner o...


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Overstock CEO Aims to Give Special Deals to Vendors Who'll Accept Bitcoin No Comments

Some interesting comments coming from Overstock.com CEO Patrick Byrne, as pointed out by CoinDesk. The e-retailer's head honcho took to a podcast at the Porcupine Freedom Festival recently and made statements that anyone in the community would be proud of: "We’re going to start giving sort of special deals to the vendors who want to be paid in bitcoin," he said. That is to say, the company is...


Overstock.com Sells $10,000 Worth of Items in Bitcoin In a Couple of Hours No Comments

The news that Overstock.com today flipped the switch on taking bitcoin payments certainly took many of us by surprise, but the preliminary sales figures may surprise you even more. [caption id="attachment_1615" align="alignright" width="210"] A patio set sold on Overstock.com and paid for in bitcoin. Source: Overstock[/caption] It's been a couple of hours since Overstock has had the option ava...


Overstock.com to Begin Accepting Bitcoin Second Half of 2014 No Comments

In late October, there was a brief mention of retailer Overstock.com in a New York Times piece that noted the online retailer was considering accepting bitcoin, but decided they would put a hold on that objective (partially due to the fact that bitcoin is still a 'gray area' in terms of financial law). It would appear that Overstock is once again revving their engines on that front, with the c...


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