Overstock.com is the online retailer for brand names at clearance prices.
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.
On January 9, 2014, Overstock.com became the first major retailer to start accepting bitcoin as payments for its goods. In the first 22 hours, they received over 800 orders worth US $126,000 in bitcoin. This represents a 4.33% increase in sales from their normal income of $3 million per day.
On August 2018, it was reported that Overstock.com shares increased 17% after a “major Chinese equity firm agreed to invest in tZERO, the blockchain subsidiary vying to reshape the investment world through a SEC-regulated alternative trading system (ATS).” tZero is an Overstock.com blockchain subsidiary.
Overstock said that it will start operating under the domain of Bedbathandbeyond.com, which offer greater brand awareness and recognition.
Bitcoin is not perfect but it does have certain plusses that are not available with physical currencies and are very beneficial to users.
Black Friday is the first day of the Christmas shopping season and retailers make numerous special offers to please their customers. We are presenting you crypto Black Friday.