OVERSTOCK EXEC: ‘It’s crazy that so many retailers don’t accept bitcoin’

The price of bitcoin has been on a tear over the last year, but the number of top merchants who accept the cryptocurrency as a form of payment has retreated. That’s puzzling to Jonathan Johnson, the president of Medici Ventures, the venture capital subsidiary of online retailer Overstock. Johnson played an integral role in getting the retailer known for its furniture stock to accept the cryptocurrency. He told Business Insider that Overstock has seen a “modest”…

"OVERSTOCK EXEC: ‘It’s crazy that so many retailers don’t accept bitcoin’"

A petition on Change.org is calling on Amazon to accept bitcoin ‘ASAP’ (AMZN)

Bitcoin has been soaring to new heights, and now folks on Change.org are calling on e-commerce juggernaut Amazon to accept the cryptocurrency as payment “ASAP.” Since March 23, bitcoin has increased 159%, from a little over $ 1,000 to $ 2,700. At least 2,100 petitioners on Change.org want Amazon to join companies such as Microsoft and Overstock in accepting bitcoin as a form of payment. They also want the company to accept Litecoin, another cryptocurrency. The petition cites the following reasons…

"A petition on Change.org is calling on Amazon to accept bitcoin ‘ASAP’ (AMZN)"

My daughter’s preschool just said they will accept bitcoins for tuition — I think that’s a terrible idea

The rest of my daughter’s preschool tuition is due on June 1st. I just got a message from the school informing me that they are pleased to announce that they will now be accepting bitcoins for tuition payments. It’s a really interesting time to be getting this email given that the value of a bitcoin has gone up 30% in the past week and has doubled in less than two months. If I chose to…

"My daughter’s preschool just said they will accept bitcoins for tuition — I think that’s a terrible idea"