Overstock.com plans to accept Bitcoin

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Posted: Saturday, December 28, 2013 12:00 am

One of the biggest questions looming over Bitcoin, the digital currency generating attention in the tech business, is when big mainstream merchants will begin accepting it. Overstock.com, the online discount retailer, has an answer: within the next six months, if all goes as planned. CEO Patrick Byrne said Overstock plans to let online shoppers pay for goods with Bitcoin by June. The retailer is evaluating the services of several third-party firms that facilitate Bitcoin transactions.

The parent company of Cessna Aircraft says it has an agreement to buy Beechcraft Corp. for $1.4 billion. The purchase announced Thursday by Providence, R.I.-based Textron Inc. would bring two mainstays of the Wichita, Kan., general aviation industry under a single corporate leadership.

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