The company says it is recommitting to being a technology company and refocusing on product development; the recommitment will cause less of a focus on customer growth which it has been emphasizing following its new relationship with partner bank Compass; it plans to return to its original mission of being a technology company focused on product development for its customers; the company already offers a number of innovative tech solutions including a checking account product that allows customers to itemize savings for specific goals; the new focus has resulted in the termination of five executives and a 10% reduction in staff. Source
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Overstock.com has announced it will allow customers to pay in over 40 cryptocurrencies through support from ShapeShift; the e-commerce website is the first well-known retail platform to allow coin payments beyond bitcoin; the payments are facilitated by an API built by cryptocurrency exchange ShapeShift. Source