
The post Bitt signs MOU to conduct fintech pilot on blockchain in ECCB countries appeared first on CoinReport.
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The post Bitt signs MOU to conduct fintech pilot on blockchain in ECCB countries appeared first on CoinReport.
Today, Overstock’s Medici Ventures doubled down on its investment in the realm of digital currency for central banks. The additional $ 3 million dollar investment in Caribbean blockchain-based digital payment provider Bitt.com signals a reaffirmation of Overstock and Medici’s belief in the ability of digital currencies to become the de facto means of payment transactions.
Medici Ventures originally invested $ 4 million in the Barbados-based fintech company in 2016. At the time of the initial investment, Overstock CEO, Patrick Byrne, stated, “Bitt has a vision for the Caribbean of frictionless mobile cash, beginning with central banks transparently issuing digital fiat which is then exchanged on a blockchain (all under proper regulatory oversight, as with our tØ offering to Wall Street).”