Overstock Now Accepting Major Bitcoin Alternatives
Overstock.com, a Utah-based online retailer ranked by Forbes as one of the Top 100 Most Trustworthy Companies of 2014, has added cryptocurrency payments via ShapeShift to the list of payment options available to consumers in checkout.
Company CEO and founder Patrick M. Byrne stated in a recent press release that the adoption of new cryptocurrency payments stems from the company’s “pro-freedom” stance, giving consumers the option to use currencies that were not “created through the fiat of unaccountable government mandarins.”
Politics aside, while major retailers such as Overstock and Newegg have accepted Bitcoin payments since 2014, Overstock are the first to now accept multiple cryptocurrencies. Even though Bitcoin is by far the most used and well-known of the various digital currencies available, others such as Litecoin and Ethereum have gnawed away at Bitcoin’s market share, leaving it with just under 50 percent at present, down from 80 percent in 2016.