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.
It’s been a couple of hours since Overstock has had the option available, and already the retailer has sole a whopping $10,000 worth of items in bitcoin in that timespan. That amount comes from about 100 different purchasers, one of whom spent $2,700 on a 13-piece patio set.
Overstock.com CEO Patrick Byrne told Business Insider that Coinbase had a plan of attack in implementing bitcoin on the retailer’s website in about a week, utilizing a team of 40 people at Overstock.
It goes without saying that the lot of purchases made today are from the “excitement factor”, but will they continue? Time, of course, will tell.