Assets, Bitcoin

How Is Overstock Related to Bitcoin?

Overstock.com, Inc. is an American internet retailer headquartered in Midvale, Utah, near Salt Lake City. Patrick M.

Byrne founded the company in 1997 and launched the company in May 1999. Overstock.com was originally created to sell surplus and returned merchandise at below-retail prices but has since expanded to include new merchandise as well.

In 2014, Overstock became the first major retailer to accept bitcoin as a form of payment. Since then, the company has continued to show its support for cryptocurrencies and blockchain technology.

In 2017, Overstock announced plans to launch a cryptocurrency exchange called tZERO. The exchange is expected to launch in early 2018 and will trade cryptocurrencies as well as security tokens.

Overstock’s relationship with bitcoin goes beyond just accepting it as a form of payment. The company has also been a major supporter of blockchain technology. In 2015, Overstock partnered with Counterparty to launch a blockchain-based stock market platform called Medici.

The platform allows private companies to issue and trade shares on the blockchain. Overstock is also working on using blockchain technology to streamline the process of selling homes.

The company’s involvement in the cryptocurrency space has led some to speculate that Overstock could become the first major retailer to accept cryptocurrency as a form of payment. While there is no concrete evidence that this will happen, it would not be surprising given Overstock’s history of supporting new and innovative technologies.

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