Overstock to accept Bitcoin Cash, ETH, LTC, Dash, etc

Overstock now accepts all major alt-coins including Bitcoin Cash
09 August 2017   2190

American online retail giant Overstock now accepts more than 60 cryptocurrencies including Bitcoin Cash as payments options for nearly four million products on its site through Integration with ShapeShift.

Thus, ShapeShift allows digital currencies to be easily converted between different coin types in a matter of seconds, all without any account setup or personal data required. Instead, the funds are sent to a specific address, with the blockchain record of the transaction acting as both the order and the receipt.

Earlier, Overstock's embraced Bitcoin as a payment method in 2014. Now, Overstock.com shoppers can use Ether, Litecoin, Dash, Monero and Bitcoin Cash at checkout

According to the announcement, during checkout, customers will select their preferred cryptocurrency and submit the order before being prompted to transfer the coins, just as they would with any other digital wallet transaction. Overstock will then utilize ShapeShift to convert the cryptocurrencies to bitcoin. Refunds from a cryptocurrency purchase will also be made in Bitcoin, however customers can easily exchange those to their preferred cryptocurrency through ShapeShift.

Overstock is pro-freedom, including the freedom of individuals to communicate information about value and scarcity without relying on a medium created through the fiat of unaccountable government mandarins. 
 

Patrick M. Byrne
Overstock CEO

Thus, Overstock is the first major retailer to accept multiple cryptocurrencies as payment. By that move, it proves being the one that keeps it in line with new developments in the blockchain market. However, whether the company believes this trend will continue remains unclear.

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   8

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 
 

Eddie Hughes

MP

Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.