Thursday, August 10, 2017

Overstock Now Accepts Various Altcoins for Payment – Including Bitcoin Cash

Overstock Now Accepts Various Altcoins for Payment – Including Bitcoin Cash

Overstock just became the first major retailer to accept bitcoin cash and altcoins at the point of sale for payment. They announced a partnership with Shapeshift.io to streamline the process. Now Overstock customers can transact via Shapeshift’s native API easily using Bitcoin Cash, Monero, Litecoin, Ethereum, and more. 


Overstock’s press release provides instructions on how to use the service. The post read, “During checkout, customers will select their preferred cryptocurrency and submit the order before being prompted to transfer the coins, just as they would with any other digital wallet transaction. Overstock will then utilize ShapeShift to convert the cryptocurrencies to bitcoin.”


This move to integrate Shapeshift is not a surprising pivot by Overstock. The company has had a bunch of “firsts” in regards to cryptocurrency adoption and usage. For instance, they were the first major retailer to integrate bitcoin payments back in 2014. They also issued the first blockchain stock with a Series A Preferred offering in late 2016 on the t0 platform.


Full story at http://bit.ly/2uIjvAD


Source: Bitcoin News


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