t0
Overstock Invests In Bitt, Creator of Barbadian Digital Dollar
Overstock revealed Friday it invested $4 million into a blockchain-forward financial technology firm in the Caribbean. The announcement, made in Barbados and attended by principals from the island’s company Bitt and Overstock, enters in a big move by Overstock into the space. It’s involvement had largely been focused on innovation through its t0 project. “A […]
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Patrick Byrne Details t0.com At Inside Bitcoins San Diego
One week after the SEC approved Overstock’s plan to issue stock via the Bitcoin blockchain, company CEO Patrick Byrne gave the keynote address – called “The Virtues of Crypto-Settlement” – at the Inside Bitcoins Conference in the San Diego Convention Center. Byrne, whose firm was bitcoin’s first major retailer, spoke at length about his firm’s plans, launched at the website, t0.com. He lamented the “crazy system” of Wall Street banks and said there is “all kinds of room for mischief.” That’s why Byrne has developed an alternative. “This system is transparent and reduces costs we believe 80%, maybe as much […]
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