[2014-08-15] Online retailer lauds value of bitcoin sales

[zakoliverz]

http://www.afr.com/p/technology/online_retailer_lauds_value_of_bitcoin_zSv32t93xRJJmlLmTmNCjO

US online retailer Overstock.com’s sales through bitcoin are expected to add US4¢ per share to its earnings this year, the online retailer’s chief executive, Patrick Byrne said.

Bitcoin sales at Overstock, which started accepting this type of currency as payment for items on its website in January this year, have exceeded $US2 million so far, or about one-quarter of 1 per cent of total sales.