Online retailer Overstock.com made nearly $130,000 on its first day of business after accepting bitcoin as a form of payment.
Wired on January 10 reported that over 800 transactions were made. The retailer said in a statement that many of the customers were first-time visitors to the site.
CEO Patrick Byrne remarked on Twitter that bitcoin-related traffic was much higher than expected:
“#Bitcoin’s first full day on @overstock.com was a huge success: 840 orders, $130,000 in sales. Almost all new customers. #stunned,” he tweeted.
In an interview with CNN International on January 12, Byrne commented that other online retailers, including Amazon, will eventually accept the virtual currency.
Want to stay on top of what’s happening in the Bitcoin market? Check out the PYMNTS Bitcoin Bubble Tracker by clicking here.
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