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January 9, 2014Payments & adoptionAdoption & integrationdocumented

Overstock.com begins accepting bitcoin

Overstock.com became the first major online retailer to accept bitcoin across its U.S. catalog.

Coinbase processed the payments, converting bitcoin so the retailer did not need to bear all exchange-rate risk. The launch produced more than $100,000 in reported sales during its first day.