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Bitcoin shows staying power as online merchants chase digital sparkle

Published 08/28/2014, 01:07 AM
Updated 08/28/2014, 01:30 AM
© Reuters A customer prepares to use a Bitcoin ATM located in Flat 128, a boutique in New York's West Village

By Gertrude Chavez-Dreyfuss and Michael Connor

NEW YORK (Reuters) - Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

Though sales paid for in bitcoin so far at vendors interviewed for this article have been a fraction of one percent, they expect that as acceptance grows, the online currency will one day be as ubiquitous as the internet.

"Bitcoin isn't going anywhere; it's here to stay," said Michael Gulmann, vice p

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