Overstock sees $68k to $120k per week in crypto revenue as its stock surges

posted 5 months ago
Jonathan Johnson, a member of the board of directors of Overstock, the $1 billion online retailer based in the US, has stated that cryptocurrency is a much better payment method than credit cards for merchants.

“We have somewhere between $68,000 and $120,000 a week in cryptocurrency revenues; people buying sheets and toasters using Bitcoin,” Johnson said.

The optimistic development in Overstock’s cryptocurrency ventures led the shares of Overstock to surge by more than 11 percent.
Tags: bitcoin, news