Overstock has partnered with the bitcoin platform called coinbase is order to enable the site to accept bitcoin as a method of payment for goods and services on the site. This means that for those who own bitcoin the process is simple. Just dump the stuff you want to buy into your basket, choose the checkout using bitcoin option and the order will be completed using your coinbase account or it will be done using your bitcoin address.
There are still some limitations linked to this method of payment though. The method of payment is currently only available to shoppers in the United States and you cannot combine using bitcoins with other forms of payment.
Despite this, this is very good news for the digital currency. It has suffered some setbacks in the past year and this will no doubt bring some joy to those who use the currrency. Last year, China's central bank banned financial institutions in the country from processing transactions involving the digital currency.
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