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Overstock.com to allow foreign customers to pay in Bitcoin

BY Marianne Wilson

New York — Overstock.com will allow international customers to pay in Bitcoin, beginning on Sept. 1. The move makes the online retailer, which started accepting Bitcoin for domestic orders in January, the largest American retailer to extend the payment option to foreign customers.

Overstock plans to introduce a new payments system on its international website, O.co, that will allow customers to make purchases using the virtual currency, the New York Times reported.

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L Brands Q2 profit up 5%; lifts outlook

BY Marianne Wilson

Columbus, Ohio — L-Brands on Wednesday reported that its second-quarter profit rose to $188.4 million, from $178.9 million last year. The retailer also lifted its fiscal full-year earnings outlook.

Revenue for the three months ended Aug. 2 rose to $2.68 billion, from $2.52 billion.

Same-store sales increased 3%.

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Imoji app scores $2 million dollars of venture capital

BY CSA STAFF

The app imoji, which allows users to create emoji characters from photos, announced Wednesday that it had secured $2 million in venture funds from Joe Lacob and Goodwater Capital. The app has been available in Apple’s app store for less than a month.

"imoji sits at the intersection of three major trends — selfies, messaging, and stickers. It has the potential to build a broad new visual lexicon in mobile communication that deeply engages users,” Goodwater co-founder Eric Kim said. “[Co-founder] Chi-Hua [Chien] and I are excited to partner with the imoji team on this journey.”

As a result of the deal, Kim and Lacob, who is a former Kleiner Perkins Caulfield & Byers partner, have been added to imoji’s board of directors. The app has also been updated so that the stickers and photos created in the app can be shared in various apps outside of iPhone’s iMessage, including Twitter, Instagram and Facebook.

“We were blown away by the creativity of our users in such a short amount of time and took a lot of feedback to heart,” imoji co-founder Jason Stein said. “As a result, we now are supporting more platforms and have some really exciting updates, including an Android app, in the works.”

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