Overstock.com is broadening its already popular online produce delivery service by teaming up with farmers in 35 states, Selling Today reports. The partnership means that almost half of Americans presently have access to this continually expanding service.
Overstock’s latest fresh-food partner, Front Door Farms, whose items are now offered through Overstock’s Farmers Market, provides to the customer’s door two or 3 days after harvest.
“We chose Front Door Farms because it works with regional farmers to harvest vegetables and fruits that are fresh and healthy,” said Overstock CEO Patrick M. Byrne. “Our objective is to deliver fresh produce the way farmers grow it, instead of the food-like substances delivered through this country’s agribusiness supply chains. Products offered in Overstock’s Farmers Market are designed to influence imagination, enjoyable and imagination in kitchen areas using the very best components.”
That’s excellent news for those consumers who choose to bypass standard mass-distribution channels and buy directly from food producers for a healthier and greener life. It’s also great news for bitcoin users, due to the fact that Overstock is the biggest online seller to accept bitcoin payments for all the products offered through its web shop.
Those who are paid in bitcoin and desire to pay in bitcoin for many of the goods and services that they need– a little however fast-growing population– will discover Overstock’s brand-new initiative appealing. Buying food in bitcoin is also a helpful approach to escape the growing security of bank transfers to and from bitcoin exchanges and “bitcoin banks,” which could become a bottleneck in the Bitcoin ecosystem.
If banks start turning down transfers from Circle or Coinbase, consumers will have more choices to utilize their bitcoin directly, without needing to go through the banks.
In other Overstock news, the company desires to grow its promotion of fresh and clean methods to Wall Street.
“We have started building things that replace exactly what Wall Street does,” said Byrne to TheStreet, referring to the statement in June of the very first crypto-securities to be provided on the blockchain. “It does them far much cheaper, and with far more openness, and without any of the opportunity for rigging.”
Byrne mentioned that he has an interest in “cleaning up” Wall Street.
Overstock’s platform, called t0.com, can augment other trading exchanges and power financial deals. Overstock submitted a registration with the Securities and Exchange Commission seeking approval to issue public crypto-stock, and bought a stake in stock brokerage company Pro Securities, whose technology will power the crypto-stock exchange. Byrne stated to expect additional announcements about the platform this summer season, which it provides an “amazing chance” for Overstock since it has the prospective to be disruptive.
In truth, the crypto-stock exchange could avoid standard stock exchanges such as NYSE and NASDAQ and issue corporate stock directly online.
These two stories appear only related by their origin, however there is a typical thread. In both cases, Overstock desires to move beyond tradition systems with too lots of intermediaries, wasteful inefficiencies and possible for scams, toward a structured, cheaper and more sustainable way of life.
The post Overstock Wishes to Tidy up Food Distribution– and Wall Street appeared initially on Bitcoin Publication.