The Central Bank of Curacao and Sint Maarten (CBCS) has announced a partnership with blockchain technology firm Bitt aimed at exploring the issuance of a digital currency for Curacao and Sint Maarten island nations. Per the chief executive of Bitt, Rawdon Adams, a digital currency will be especially relevant to the two countries, which are both constituent countries of the Netherlands and which...
Medici Ventures, the subsidiary of popular online retailer Overstock, has announced that it will be investing 3 million United States Dollars in the Barbados-based blockchain oriented company, Bitt. According to a press release, the move will grant the company an increase in ownership by 8.6 percent. Bitt is a company that first appeared in 2015 as a mobile payment platform designed specifically...
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 major impediment to economic...
Barbados-based fintech firm Bitt Inc. has launched the Barbadian Digital Dollar, the Caribbean’s first blockchain-based digital money this week as a means to bring solutions to the unbanked in the region. In a marked effort to provide financial and banking solutions to its home country, Barbadian fintech company Bitt launched the Barbadian Digital Dollar earlier this week. In a press release, the...
The United States is just now getting its first Bitcoin exchanges via Bitcoin merchant leader Coinbase. The Winklevoss twins' will have their "fully-compliant" Gemini project up in New York later this year. Due to onerous state and federal regulations and costs for any financial services enterprise, the U.S. has been several steps behind the rest of the world when it comes to making a Bitcoin...