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Overstock receives $20-$30 thousand a day in Bitcoin

Since Overstock.com started to accept Bitcoin as a purchase currency, the company has received a good press for its efforts to support the nascent cryptocurrency. Working with Coinbase to process Bitcoin, Overstock.com announced that it crossed the million-dollar sale mark in the currency earlier this month.

Last week, Overstock announced that it has so far seen over $1 million in Bitcoin purchases through its site. Overstock began accepting the digital currency on January 9 through a partnership with Coinbase, the popular Bitcoin exchange. We spoke to Overstock CEO Patrick Byrne to check up on what it’s been like facilitating business with Bitcoin. “There was a huge surge [in Bitcoin spending] the first day, with people showing support. It’s since dropped to $20k to $30k per day, but it’s gradually increasing from there. It’s going well,” he said.

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Written by Jesseb Shiloh

Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

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