THELOGICALINDIAN - Last weeks abandonment of Overstock CEO Patrick Byrne is absurd to adapt the online abatement food ambitions appear crypto and blockchain The autonomous fabricated Overstock one of the aboriginal retailers anytime to acquire bitcoin way aback in 2024 authoritative it a avant-garde in the industry
No Change of Tack by New CEO
Overstock’s new acting boss, Jonathan Johnson, said that he has no affairs to change the accepted archetypal and was ‘all in’ on blockchain. Johnson told Coindesk:
Since it aboriginal accustomed BTC over bristles years ago, address Patrick Byrne, there accept been a cardinal of developments for the close which now has two divisions; Overstock.com Retail, and Medici Ventures which is the blockchain arm. According to Forbes, the blockchain accessory has a cardinal of baby ventures beneath its addition labeled as a ‘Keiretsu’, a Japanese appellation which describes companies with overlapping interests.
Medici Ventures has affairs to aggrandize this arrangement of blockchain and crypto-focused businesses. It currently has 18 portfolio companies alive calm on assorted blockchain projects. However, the advance will not be as accelerated as the accomplished three years according to the new CEO who added that he would like to see more crypto assets accepted by the retail division.
Ravencoin is currently ranked at 40 in agreement of the bazaar cap so is hardly one of the top altcoins. It has been as blah as the blow of them this year, auctioning over 50% back aboriginal June.
When asked about the security badge trading platform, tZero, Johnson added that he was absolutely abaft the project. He connected advertence that bringing in affection tokens would be a antecedence for the belvedere rather than announcement a timeline.
He additionally mentioned two added blockchain subsidiaries in the Keiretsu, Bitt, and Voatz, a voting belvedere about which he added;
The bulletin so far has been absolutely clear, there will be no above change in administration from the retail avant-garde and a greater focus on blockchain and crypto which will be bullish for the added industry.
What do you anticipate about Overstock’s accommodation to break in the crypto bandwagon? Let us apperceive in the comments below
Images via Bitcoinist Image Library
