Will the Daily Deals Industry Cash In on Virtual Currencies?

However, virtual currencies have shown legitimate uses as well. Recently, eBay U.K. opened up a virtual currency category for selling virtual currencies and using them to make purchases outside of eBay but within its online marketplace. Overstock.com, TigerDirect and Etsy all accept Bitcoin. Last year, hundreds of merchants and charities also offered discounts on consumer products for Bitcoin's first Black Friday Event. With approximately 12 million bitcoins in circulation, the virtual currency gives consumers the ability to diversify how they pay for goods and services.