ShapeShift is excited to announce our partnership with leading online marketplace Overstock.com. Overstock has offered customers the ability to purchase a wide range of products including home goods, clothing, electronics and more with bitcoin, Litecoin, and Dogecoin, for years and now allows their customers to purchase items with dozens of digital assets through their integration with the ShapeShift API.
During checkout, customers will select their preferred cryptocurrency before being prompted to transfer the coins just as they would with any other digital wallet transaction. Overstock will then utilize ShapeShift to convert the cryptocurrencies to bitcoin. Refunds from a cryptocurrency purchase will also be made in bitcoin, however customers can easily exchange those to their preferred cryptocurrency through ShapeShift.
Overstock is the first major retailer to accept multiple cryptocurrencies as payment. This announcement is the latest in a line of major firsts for Overstock in the blockchain world; the e-commerce pioneer became the first major retailer to accept bitcoin in early 2014 and issued the world’s first blockchain stock with its Series A Preferred offering in late 2016 on the t0 platform.
Learn More about Overstock:
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform : OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website.
Integrating Your Service with ShapeShift:
Looking to provide your users with a merchant processing options similar to Overstock? Check out our ShapeShift API! Overstock was able to connect their current payment processor with our API to provide their customers with dozens of digital asset options. ShapeShift's API is free and open source for all services to use. If you would like to talk about integrating with ShapeShift, please submit your information here and a ShapeShift partner team member will be with you as soon as possible!