Overstock Accepts Bitcoin Internationally

SALT LAKE CITY, Sept. 11, 2014 /PRNewswire/ -- Overstock (NASDAQ: OSTK) has launched an updated international checkout system which now provides international customers the option to pay with Bitcoin (on January 9, 2014, Overstock became the first major online shopping site to accept the cryptocurrency).

"Bitcoin has been readily adopted in countries outside the United States, yet the opportunities to spend Bitcoin internationally are extremely limited," states Overstock.com CEO Patrick M. Byrne. "We're pleased to offer this service to the millions of Bitcoin users in other countries and believe they will respond enthusiastically. With this move, Bitcoin has indeed become a borderless currency that permits its holders to buy and take delivery of millions of products."

International customers can shop the Overstock website for any of the nearly 2 million products available, including furniture, rugs, apparel, electronics and jewelry. Now, a customer anywhere on the planet can select an item, place it in her shopping cart, pay for it with Bitcoin.

About Overstock.com

Overstock.com (NASDAQ: OSTK) is a discount online shopping retailer based in Salt Lake City, Utah that sells a broad range of products including furniture, rugs, bedding, electronics, clothing, jewelry and cars.  Worldstock.com, a fair trade department dedicated to selling artisan-crafted products from around the world offers additional unique items.  Main Street Revolution supports small businesses across the United States by providing them a national customer base.  The Nielsen State of the Media: Consumer Usage Report placed Overstock.com among the top five most visited mass merchandiser websites in 2011.  The NRF Foundation/American Express 2011 Customer Choice Awards ranked Overstock.com #4 in customer service among all U.S. retailers.  Overstock.com sells internationally under the name O.co.  Overstock Shopping (http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.

Overstock.com®, O.co®, Worldstock Fair Trade® and Club O Rewards® are registered trademarks of Overstock.com, Inc.  O.info™, Club O™, Club O Dollars™ and Your Savings Engine™ are trademarks of Overstock.com, Inc.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, all statements not regarding historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Form 10-Q for the quarter ended June 30, 2014, which was filed with the SEC on July 29, 2014, and any subsequent filings with the SEC.

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SOURCE Overstock.com, Inc.