Overstock.com CEO Shares More Details on Bitcoin Acceptance

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Last Updated: October 7, 2020 11:41 am

1 min read

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This week, we told you about Overstock.com’s plans to start accepting bitcoin in 2014. Some more information is coming to light.

In a conversation with CoinDesk, Overstock.com CEO Patrick Byrne said that the decision on whether or not to work independently of digital currency payment processors is something that may happen in the next two weeks.

“We’ll probably be working with the third parties. There are a few different ones that are interested in our business. It makes sense to work with them rather than developing it from scratch,” said Byrne.

The company will begin accepting bitcoin in June or July of next year.

There’s still much more work for Overstock to do on this front, but it’s certainly great news that they’re taking the first step.

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