Blockchain Pioneer Announces Expansion of the
Mobile Wallet App’s Cryptocurrency Offering
tZERO, the global leader in blockchain innovation for capital
markets, through its tZERO Crypto unit, announced today its plans
to offer to investors using both iOS and Android devices the
ability to trade Ravencoin (RVN) on the tZERO Crypto app, in
addition to bitcoin (BTC) and ethereum (ETH), which are already
supported by the app.
tZERO submitted the iOS version of its updated app to the Apple
store yesterday and will be submitting the Android version later
today. Once the apps are approved by Apple and Google, investors on
both iOS and Android devices will be able to trade Ravencoin
cryptocurrency (RVN) on the tZERO Crypto app. Launched on June 27,
2019, the tZERO Crypto App allows investors to buy, sell and hold
digital currencies directly on their mobile phone, rather than
using more vulnerable, third-party exchanges for custody.
“In addition to being one of the fastest growing
cryptocurrencies, Ravencoin is philosophically aligned with tZERO
in making it easy to digitize assets and make them freely
tradable,” said tZERO CEO Saum Noursalehi. “Ravencoin allows for
straightforward issuance and on-chain transfer of any digital
asset, including security tokens, making support for RVN a natural
fit for tZERO Crypto.”
Ravencoin is an open-source project designed to enable instant
payments to anyone around the world. Its aim is to create a
blockchain optimized specifically for the transfer of digital
assets, such as cryptocurrencies, from one holder to another. In
addition to supporting the RVN cryptocurrency, the Ravencoin
platform can be used to build and support security tokens, digital
collectibles, utility tokens, gift cards, fiat currency or other
user-defined assets.
"Ravencoin, which was recently named the Most Exciting New Coin
of 2019, first had life breathed into it by Bruce Fenton,” said
Patrick M. Byrne, CEO of tZERO’s parent company Overstock.com.
“It’s exciting enough that the tZERO Crypto app will let one trade
RVN. In addition, Ravencoin’s design makes it ideal to be woven
into our grander vision of a blockchain tech stack for society,”
continued Byrne.
tZERO Crypto is committed to compliance and safety and utilizes
biometric authentication for added security and ease of use.
Investors will also have access to tZERO’s unique private key
recovery system to restore their funds and cryptocurrencies in the
event that they lose their private keys or mobile phone. The app is
now available for download on both iOS and Android devices and the
updated functionalities will be available once approved by Apple.
For more information on tZERO Crypto, please visit:
https://www.tzero.com/crypto-app.
tZERO is a technology firm that was founded in 2014 with the
goal of utilizing blockchain technology to revolutionize Wall
Street so that financial processes could become less beholden to
traditional institutional market structures and to bolster and
enhance market integrity. tZERO is a keiretsu company of Medici
Ventures, the blockchain subsidiary of Overstock.com, Inc.
(NASDAQ:OSTK).
About tZERO and tZERO Crypto
tZERO Group, Inc. (“tZERO“) is a majority owned subsidiary of
Overstock.com, focusing on the development and commercialization of
financial technology (FinTech) based on cryptographically-secured,
decentralized ledgers – more commonly known as blockchain
technologies. Since its inception, tZERO has pioneered the effort
to bring greater efficiency and transparency to capital markets
through the integration of blockchain technology.
tZERO Crypto is operated as a dba of Bitsy, Inc. and is a wholly
owned subsidiary of tZERO Group, Inc. tZERO Crypto and tZERO Group,
Inc. are not a registered broker-dealers, underwriters, investment
banks, or investment advisers, and are not providing brokerage,
investment banking or underwriting services, recommendations or
investment advice to the users of the tZERO Crypto app. No
broker-dealer affiliate of tZERO Group, Inc. is involved in the
transactions and services offered by the tZERO Crypto App. tZERO
Crypto is licensed as an authorized money transmitter in every
jurisdiction in which it does business that requires such
authorization. See the legal disclosures and list of tZERO Crypto’s
licensing authorities on https://www.tzero.com/crypto-app for more
information.
About Overstock.com
Overstock.com, Inc Common Shares (OSTK) / Digital Voting Series
A-1 Preferred Stock (Medici Ventures’ tZERO platform:OSTKO) /
Series B Preferred (OSTBP) is an online retailer and technology
company based in Salt Lake City, Utah. Its leading e-commerce
website sells a broad range of new products at low prices,
including furniture, décor, rugs, bedding, home improvement, and
more. The online shopping site, which is visited by nearly 40
million customers a month, also features a marketplace providing
customers access to millions of products from third-party sellers.
Overstock was the first major retailer to accept cryptocurrency in
2014, and in the same year founded Medici Ventures, its
wholly-owned subsidiary developing and accelerating blockchain
technologies to democratize capital, eliminate middlemen, and
re-humanize commerce. Overstock regularly posts information about
the company and other related matters on the Newsroom and Investor
Relations pages on its website, Overstock.com.
O, Overstock.com, O.com, Club O, Main Street Revolution, and
Worldstock are registered trademarks of Overstock.com, Inc. O.biz
and Space Shift are also trademarks of Overstock.com, Inc. Other
service marks, trademarks and trade names which may be referred to
herein are the property of their respective owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact. Additional information regarding
factors that could materially affect results and the accuracy of
the forward-looking statements contained herein may be found in the
Company's Form 10-Q for the quarter ended June 30, 2019, which was
filed with the SEC on August 8, 2019, and any subsequent filings
with the SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190820005442/en/
Media Contact: Alexandra Sotiropoulos, +1-347-293-1416
asotiropoulos@tzero.com
Investor Contact: Michael Mougias, +1-347-293-1248
ir@tzero.com
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