LI's 1-800-Flowers.com will accept bitcoin as payment
The 1-800-Flowers' headquarters in Carle Place Tuesday, Oct. 29, 2013. Credit: Barry Sloan
1-800-Flowers.com Inc. will start accepting bitcoin, a virtual currency that is growing in popularity, as payment for online transactions.
The online florist and gift shop company said it will begin accepting bitcoins in the fall. Coinbase, based in San Francisco, will process bitcoin payments for the Carle Place company.
Bitcoin is a nonregulated digital currency that buyers and sellers exchange over the Internet without bank involvement. Bitcoin payments will be accepted across the parent company's brands, which include FannieMay.com, Cheryls.com, ThePopcornFactory.com, 1- 800-Baskets.com, FruitBouquets.com, and Stockyards .com.
The growing list of companies that accept bitcoin payments includes Overstock.com, Lord & Taylor and Dish Network.
1-800-Flowers.com says it has a record of technological innovation, such as being the first merchant to conduct a transaction on AOL and being the first e-commerce company to allow customers to complete transactions through their Facebook pages.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
