{"id":7488,"date":"2018-06-16T06:51:54","date_gmt":"2018-06-16T06:51:54","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=7488"},"modified":"2018-06-18T15:58:12","modified_gmt":"2018-06-18T15:58:12","slug":"overstock-board-member-says-cryptos-are-way-better-than-credit-cards","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/","title":{"rendered":"Overstock Board Member Says Cryptos Are Better Than Credit Cards"},"content":{"rendered":"

\"JonathanSalt Lake City-based online retailer Overstock generates revenue of between $68,000 and $120,000 per week in cryptocurrency. Jonathan Johnson, who sits on the Board of directors of the billion dollar company, has stated that cryptocurrencies are a much better payment<\/a> option than credit cards.<\/p>\n

Credit card transactions are reversible. This increases the level of risk to merchants as there is always a possibility of a refund request and payment cancellation.<\/p>\n

So, a merchant has to take adequate precautions while dealing with credit card payments. Cryptocurrencies clearly have an edge there.<\/a> However, there were a lot of concerns over exorbitant charges while using Bitcoin in December. The advent of Segwit technology has resulted in a rapid decline in fees.<\/p>\n

In late April, a single tranche of $99 million worth Litecoin was transferred for a fee of $0.40. <\/a>Such cheap and efficient transactions continue to make cryptocurrencies popular among ordinary people and business houses.<\/p>\n

Commenting on cryptocurrencies, Johnson<\/strong> stated<\/p>\n

\u201cWe pay a processing fee for credit cards, and we employ about 40 people in our fraud department. That\u2019s a cost of doing business with credit cards. When we take cryptocurrency, we have a very small transaction fee with Coinbase, much smaller than our credit card processing fee, and we have no fraud prevention department. It\u2019s like a cash transaction. For us, that is a much cheaper way of doing business.\u201d<\/p><\/blockquote>\n

Johnson further stated that the actual amount moved by Overstock on a weekly basis is slightly different because of the market volatility. The Director also believes that the crypto market has changed the manner in which investors participate and invest.<\/p>\n

Johnson<\/strong> said<\/p>\n

\u201cToday, so many of us can\u2019t participate in the capital markets the way accredited investors or well-connected investors can. And those of use that are trying to raise money have a hard time crowdfunding or raising money in a democratized way.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Salt Lake City-based online retailer Overstock generates revenue of between $68,000 and $120,000 per week in cryptocurrency. Jonathan Johnson, who sits on the Board of directors of the billion dollar company, has stated that cryptocurrencies are a much better payment option than credit cards. Credit card transactions are reversible. This increases the level of risk […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,1],"tags":[],"class_list":["post-7488","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","category-usa"],"yoast_head":"\nOverstock Board Member Says Cryptos Are Better Than Credit Cards<\/title>\n<meta name=\"description\" content=\"Salt Lake City-based online retailer Overstock generates revenue of between $68,000 and $120,000 per week in cryptocurrency. Jonathan Johnson, who sits on the Board of directors of the billion dollar company, has stated that cryptocurrencies are a much better payment option than credit cards.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Overstock Board Member Says Cryptos Are Better Than Credit Cards\" \/>\n<meta property=\"og:description\" content=\"Salt Lake City-based online retailer Overstock generates revenue of between $68,000 and $120,000 per week in cryptocurrency. Jonathan Johnson, who sits on the Board of directors of the billion dollar company, has stated that cryptocurrencies are a much better payment option than credit cards.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-16T06:51:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-18T15:58:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/06\/jonathan-johnson.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"Overstock Board Member Says Cryptos Are Better Than Credit Cards\",\"datePublished\":\"2018-06-16T06:51:54+00:00\",\"dateModified\":\"2018-06-18T15:58:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/\"},\"wordCount\":319,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/jonathan-johnson.jpg\",\"articleSection\":[\"Cryptocurrency\",\"USA\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/\",\"name\":\"Overstock Board Member Says Cryptos Are Better Than Credit Cards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/jonathan-johnson.jpg\",\"datePublished\":\"2018-06-16T06:51:54+00:00\",\"dateModified\":\"2018-06-18T15:58:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"Salt Lake City-based online retailer Overstock generates revenue of between $68,000 and $120,000 per week in cryptocurrency. Jonathan Johnson, who sits on the Board of directors of the billion dollar company, has stated that cryptocurrencies are a much better payment option than credit cards.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/jonathan-johnson.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/jonathan-johnson.jpg\",\"width\":380,\"height\":250,\"caption\":\"Jonathan Johnson\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\",\"name\":\"Cameron Bishop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g\",\"caption\":\"Cameron Bishop\"},\"description\":\"Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/author\\\/cameron-bishop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Overstock Board Member Says Cryptos Are Better Than Credit Cards","description":"Salt Lake City-based online retailer Overstock generates revenue of between $68,000 and $120,000 per week in cryptocurrency. Jonathan Johnson, who sits on the Board of directors of the billion dollar company, has stated that cryptocurrencies are a much better payment option than credit cards.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/","og_locale":"en_US","og_type":"article","og_title":"Overstock Board Member Says Cryptos Are Better Than Credit Cards","og_description":"Salt Lake City-based online retailer Overstock generates revenue of between $68,000 and $120,000 per week in cryptocurrency. Jonathan Johnson, who sits on the Board of directors of the billion dollar company, has stated that cryptocurrencies are a much better payment option than credit cards.","og_url":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/","article_published_time":"2018-06-16T06:51:54+00:00","article_modified_time":"2018-06-18T15:58:12+00:00","og_image":[{"url":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/06\/jonathan-johnson.jpg","type":"","width":"","height":""}],"author":"Cameron Bishop","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Cameron Bishop","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/#article","isPartOf":{"@id":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/"},"author":{"name":"Cameron Bishop","@id":"https:\/\/www.legitgambling.com\/news\/#\/schema\/person\/0e2e077765174748afc2362c890e3f91"},"headline":"Overstock Board Member Says Cryptos Are Better Than Credit Cards","datePublished":"2018-06-16T06:51:54+00:00","dateModified":"2018-06-18T15:58:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/"},"wordCount":319,"commentCount":0,"image":{"@id":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/06\/jonathan-johnson.jpg","articleSection":["Cryptocurrency","USA"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/","url":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/","name":"Overstock Board Member Says Cryptos Are Better Than Credit Cards","isPartOf":{"@id":"https:\/\/www.legitgambling.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/#primaryimage"},"image":{"@id":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/06\/jonathan-johnson.jpg","datePublished":"2018-06-16T06:51:54+00:00","dateModified":"2018-06-18T15:58:12+00:00","author":{"@id":"https:\/\/www.legitgambling.com\/news\/#\/schema\/person\/0e2e077765174748afc2362c890e3f91"},"description":"Salt Lake City-based online retailer Overstock generates revenue of between $68,000 and $120,000 per week in cryptocurrency. Jonathan Johnson, who sits on the Board of directors of the billion dollar company, has stated that cryptocurrencies are a much better payment option than credit cards.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legitgambling.com\/news\/overstock-board-member-says-cryptos-are-way-better-than-credit-cards\/#primaryimage","url":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/06\/jonathan-johnson.jpg","contentUrl":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/06\/jonathan-johnson.jpg","width":380,"height":250,"caption":"Jonathan Johnson"},{"@type":"WebSite","@id":"https:\/\/www.legitgambling.com\/news\/#website","url":"https:\/\/www.legitgambling.com\/news\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legitgambling.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.legitgambling.com\/news\/#\/schema\/person\/0e2e077765174748afc2362c890e3f91","name":"Cameron Bishop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g","caption":"Cameron Bishop"},"description":"Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.","url":"https:\/\/www.legitgambling.com\/news\/author\/cameron-bishop\/"}]}},"_links":{"self":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts\/7488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/comments?post=7488"}],"version-history":[{"count":0,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts\/7488\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/media?parent=7488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/categories?post=7488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/tags?post=7488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}