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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2016-04-02] CD: Overstock Invests $4 Million in Barbados Bitcoin Startup
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LiteCoinGuy (OP)
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April 02, 2016, 08:05:50 AM
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Overstock Invests $4 Million in Barbados Bitcoin Startup

Caribbean digital currency exchange Bitt has received $4m in new funding from online retailer Overstock.com.

http://www.coindesk.com/overstock-invests-4-million-in-barbados-bitcoin-exchange/
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LiteCoinGuy (OP)
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April 02, 2016, 08:15:53 AM
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In February of 2016, Bitt launched a digitized Barbadian dollar on the bitcoin blockchain, backed by the Central Bank of Barbados.

http://www.reuters.com/article/us-overstock-com-investment-fintech-idUSKCN0WY5HI

wasnt aware of that.
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April 02, 2016, 05:34:08 PM
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Quote from: LiteCoinGuy on April 02, 2016, 08:15:53 AM
In February of 2016, Bitt launched a digitized Barbadian dollar on the bitcoin blockchain, backed by the Central Bank of Barbados.

http://www.reuters.com/article/us-overstock-com-investment-fintech-idUSKCN0WY5HI

wasnt aware of that.

Swiss based Monetas does sth similar in tunisia.
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April 02, 2016, 07:25:24 PM
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Awesome!
So the Caribbeans are going Bitcoin first!Field experiment! Grin
If this should be successful other small states/regions with shitty currencies might follow after that.
BellaBitBit
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April 02, 2016, 07:52:28 PM
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Does this mean they are using Bitcoin with Bitt?  I am not sure I understand where bitcoin fits in here. 
I love Bitcoin
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