Overstock board member, Jonathan Johnson, has revealed the highest 5 U.S. states that the majority continuously conduct purchases utilizing cryptocurrency. Overstock turned the primary main retailer to simply accept bitcoin again in 2014, and now accepts roughly 50 completely different cryptocurrencies.
Also Read: Overstock.com’s Stock Shares Soar in Relation to Bitcoin
The Company Has Revealed Hawaii as Its Top State for Cryptocurrency Purchases
In phrases of absolute cryptocurrency revenues, essentially the most populated states rank the very best, such as California, New York, Texas, and Florida. The firm approximates that it processes $300,000 USD price of cryptocurrency-based gross sales every month in complete.
Overstock Began Accepting Bitcoin in January 2014
Johnson described the cryptocurrency-purchasing demographic, stating that they “tend to be male and buy twice as much as those paying with regular currency.“ Johnson added that “people paying with cryptocurrency don’t buy anything drastically different from other customers.”
Overstock Has Been Very Active within the Cryptocurrency Space During 2017
In August, Overstock turned the primary main U.S. retailer to simply accept bitcoin money and several other distinguished altcoins by way of point-of-sale cost. The firm revealed that it will be doing so in partnership with Shapeshift.io.
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