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Overstock.com Now Accepts Bitcoin as a Method of Payment, Coinbase Partners with BitMonet

Overstock had announced a few weeks back that they were considering accepting Bitcoin as a method of payment, but it was touted to take place only after six months or so. However, the company seems to have advanced operations by integrating with Coinbase to accept Bitcoin payments on 10th January, 2014. Now, users with Bitcoins can buy various products such as an XBox or even a Patio, off Overstock.

Coinbase was co-founded in June, 2012 by Brian Armstrong (CEO) and Fred Ehrsam with Mark Peter Davis as an investor. The company has received a total funding of $31.9 Mn from investors Alexis Ohanian, Y Combinator, Greg Kidd, Garry Tan, FundersClub, Union Square Ventures, Ribbit Capital ...

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