Overstock Venture Arm Invests $3 Million in Blockchain Payments Startup
Bitt, a Barbados-based blockchain payment startup, has received a $3 million investment from Overstock's Medici Ventures.
The ECCB is about to conduct a pilot for a blockchain-based central bank digital currency in preparation for a planned full rollout.
Bitt is partnering with the Centrale Bank van Curaçao en Sint Maarten to look into issuing a central bank-backed digital currency for the two nations.
The first transaction using "DCash" was conducted at a supermarket in Grenada on Feb. 12.
If one announcement summarizes the ambitions of crypto project Polymath, it might be Wednesday's acquisition of the domain Tokens.com.
Bitt, a portfolio company of Overstock's Medici Ventures, is working with the monetary authority for eight small Caribbean nations.