Overstock: Bitcoin’s in Our DNA, Rumors ‘Erroneous’

Brief panic set in Monday after reports on social media that pioneering Bitcoin merchant Overstock had stopped accepting the virtual currency.

Also read: Overstock.com to Take the Bitcoin Blockchain Public in ‘Matter of Weeks’

Overstock Agent ‘Confused’

A screenshot of an alleged conversation with an Overstock service representative called “Hilton” showed him stating to a customer that Bitcoin was no longer an option “due to the exchange rate […] provided by our partner, Coinbase”.

It is unclear whether further information was given, while Reddit users were already calling the transcript a fake after it surfaced.

“[It’s] not true. i just talked to a supervisor in marketing,” user u/zoolanderz wrote in response to the screenshot uploaded by u/randyclemens.

Overstock Director of Communications Judd Bagley meanwhile confirmed that the news was “not true,” but stopped short of stating the conversation was a fake.

“What he said,” Bagley wrote responding to another comment stating the company “still takes bitcoin and they believe in it more than most corporations.” He added:

Bitcoin remains in our DNA. And on our checkout page.

In emailed comments to Bitcoin.com, Bagley confirmed that “the reports on social media over the weekend that we had discontinued bitcoin were erroneous.”

On Twitter Monday, he additionally described the

Read more ... source: TheBitcoinNews