From now you can use Bitshares and 40 other cryptocurrencies to shop on Overstock directly (STEEM hopefully soon)
Overstock is one of the biggest online shops with "everything".
Now they integrated their payment gateway with Shapeshift and thanks to that we can pay now for everything not only with Bitcoin but also 40+ other currencies directly and our belowed STEEMs older brother Bitshares is one of them!
Sadly STEEM is turned off on Shapeshift but as soon as its available i bet the shopping spree will start!
BTS Markets
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Overstock is awesome, their BTC integration works very well and you can buy pretty much anything there. Shapeshift/STEEM/BTS is huge! Awesome!
Owesome
Don't forget to pay taxes on your purchases! From every crypto purchase to physical goods you have to pay tax based on the fiat amount of the purchase
Perhaps I don't understand... so taxes aren't included in the checkout? You're stating that people need to remember to pay taxes separate from the item?
No. I think fatboy is reffering to the capital gains tax. Purchasing an item is basically saying your selling your bitcoin (or other crypto). So if you bought it for less then what it is worth when purchasing an item with it then it needs to be on your schedule D for US citizens. I use bitcoin.tax site. They can keep track of multiple cryptos and have different rules (like fifo, lifo) you can apply to determine capital gains.
Yes. At least that is law in Europe. It is the same taxable event as selling your stock
oh taxes on these too :(
This will be a boost For cryptos
Sure
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I think so too!!!
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Anything thats accepts PayPal is a massive bonus!
The more adoption we have, the more cryptos will become mainstream.
@kingscrown this is amazing and an amazing post! I hope to see more options to use Cryptocurrency in the future on sites like this one! Thank you so much for sharing this and creating this post.
Sincerely,
@joeparys
Great post!
Awesome news as more merchants accepting crypto makes it a very valid method of payment!
Between this and fiat conversion tech like TenX, crypto is unstoppable.
This is very good news , but i wish STEEM be added to Overstock soon. thanks @kingscrown .