Tagged: bitt

Overstock: Medici Ventures Blockchain Portfolio Company Bitt Appoints Brian Popelka as President

Medici Ventures, part of Overstock (NASDAQ:OSTK), has announced that portfolio company Bitt has appointed  Brian Popelka as President of the Fintech firm. Bitt is based in Barbados and is developing a digital currency ecosystem that seeks to provide a decentralized banking and payment platform. Bitt’s mMoney digital… Read More

Barbados Fintech Bitt Announces Investment Partnership With Overstock.com

Bitt, a Barbados-based fintech company, announced this week it closed its Series A investment round with an investment from retail giant Overstock.com of $16 million, placing the company’s valuation at $50 million. Founded in 2013, Bitt states it utilizes distributed ledger technology to improve speed, efficiency,… Read More

Overstock Earnings Report; Shares Drop on News but Insight Shared into tZero & Blockchain Future

Overstock.com (NASDAQ:OSTK) posted earnings today sharing full year 2017 numbers of revenue of $1.7 billion (-3% growth) and a pre-tax loss of ($47.7) million. Q4 did not help as revenue declined by $456 million with a pre-loss of ($24.9 million). Shares dropped following the news but for many individuals… Read More

Overstock’s Blockchain Sub Medici Ventures Boosts Ownership of Bitt.com Digital Payment Provider

Overstock (NASDAQ:OSTK) is moving things around once again by boosting its ownership in Bitt.com, a Blockchain based payments platform that is based in Barbados. The move was orchestrated by Medici Ventures, Overstock’s Blockchain subsidiary, and it was part of an option that was exercised to invest… Read More

Overstock Owned Bitt.com to Provide Payment Services in the Caribbean

Overstock.com, Inc.(NASDAQ:OSTK) has announced that one of its portfolio companies, Bitt.com, will be providing digital payment services in the Caribbean Island of Montserrat. Bitt.com is based in the Barbados. Montserrat is quite a tiny country with a population of just 4900 people. More people than… Read More

Overstock.com’s Portfolio Company Bitt Launches Blockchain Mobile Money App in Barbados

Blockchain platform Bitt announced this week it has launched its new Blockchain Mobile Money App, mMoney digital payment product, in Barbados. The company reported that the Barbados Entrepreneurship Foundation (BEF) and several of its strategic partners participated in the soft launch, which marked the region’s first “digital dollar only”… Read More

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