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Overstock.com Becomes First Major Retailer to Accept Bitcoins

(CoinDesk) Online retail giant Overstock.com has moved forward its plan to take Bitcoin payments. The company began taking the digital currency on its site Thursday morning.

About $10,000 worth of bitcoins from about 100 customers has reportedly already been spent since Overstock made the announcement.

The firm has chosen California-based online wallet and payment processing firm Coinbase to handle its transactions, in what must surely be a major coup for the company.