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 deploy the bonus system by the end of the year.
Should an employee elect to receive his/her bonus in bitcoin, they’ll receive a premium over those who want their bonus paid out in United States dollars.
On top of that, Overstock.com’s Bagley indicated that bitcoin sales have topped $2 million recently.
“We experienced an initial surge, there was a lot of excitement,” he said to Mashable. “It settled into something a little more predictable.”
While the move is certainly good news, it will probably not come as a huge surprise to members of the community. Overstock.com has been at the forefront of bitcoin adoption, becoming the first major company to accept the digital currency.
At the helm of the operation is Patrick Byrne, the company’s CEO, who admits to be a fan of bitcoin. When I spoke to Byrne last year, he called bitcoin “good money”.
So much does Byrne like bitcoin that he’s actually purchased several million dollars worth personally, and Overstock.com is keeping a small percentage of the bitcoin they receive. The company said recently at a bitcoin conference that they’re planning to donate a percentage of what they keep to further cryptocurrency adoption.
Kudos to Overstock!
[textmarker color=”C24000″]Source[/textmarker] Mashable