News From The Crypto Currencies Scene

Overstock to Donate 3% of Bitcoin Profits to Organizations

Overstock to Donate 3% of Bitcoin Profits to Organizations

The Bitcoin is getting more and more positive attention these days, after having a hard year so far. With more and more big brands integrating Bitcoin as a payment method, less volatility and overall fewer thefts and mine hackings, the Bitcoin is finally looking as if it is ready for the future.

One of the companies who has done what it could to give a positive boost to the Bitcoin this year is and its CEO Patrick Byrne. Byrne is a fan of the Bitcoin and likes everything that it stands for, both anonymity and business wise. So it was not surprising that he announced that he would continue to support the Bitcoin for years to come, but his other statement was quite surprising.

Byrne told at the Bitcoin in the Beltway conference that his company Overstock would donate 3% of their Bitcoin generated profits towards Bitcoin organizations, who can help promote the positive aspects of the Bitcoin and cryptocurrencies in general. The reason why is due to Byrne believing that Bitcoins are the future of online payments and that within a couple of decades it will be the main choice for people shopping online.

This stance makes Overstock and Byrne unique as they are the only Bitcoin company so far to actively try and help organizations promote the Bitcoin. So by doing so and by continue to accept Bitcoins, the future looks bright for the Bitcoin, also taking into consideration that companies like BitPay are hiring experienced people to take their businesses to the next level and comply with laws and regulations worldwide. 

News by Daniel Allermand
Daniel Allermand - Reporter

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.


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