The blockchain investment branch of the giant US store, Overstock, reported that its investment subsidiary Bitsy has started a limited beta launch of its cryptocurrency wallet and exchange.
Bitsy, which is seeking to provide clients care of their investments through private keys while enabling biometric password retrieval, will at first provide Bitcoin purchase, with hidden altcoin properties to follow.
Besides, Overstock CEO, Patrick Byrne, expressed that clients will now buy BTC directly from its website through the partnership with Bitsy.
Byrne strongly believes that Bitsy applies modern standards for digital currency wallets. He further said that Bitsy is a big game-changer since it provides customers the privilege which BTC has been pledging.
“Integration with Bitsy will allow Overstock to take the next step in its cryptocurrency journey by allowing the company to offer bitcoin for sale directly from the retail website.”
The strategy marks its latest obligation to BTC from the retail store that first started offering the digital currency in January 2014.
At the beginning of September 2018, Byrne amazed many people by auctioning 10% of his stake in the firm with the intention of reinvesting the profits in two separate investment projects and meet tax requirements.
tZERO, another big Overstock arm, finished its (Initial Coin Offering) ICO operations in August 2018, with intentions of developing an ICO token trading platform.