Medici Ventures, a wholly-owned subsidiary of the Utah-based internet retailer Overstock.com, has announced via a press release on September 14th that its portfolio company, Bitsy, has initiated a limited beta launch of its latest cryptocurrency wallet. The cryptocurrency wallet, which serves as a safe and secure bridge between the traditional flat currencies and cryptocurrencies, will allow customers to buy bitcoin beginning next year.
Patrick Byrne, CEO and founder of Overstock.com, said, “Bitsy sets a new standard for cryptocurrency wallets. It is a game-changer because it gives users the freedom that bitcoin has always promised. This new Bitsy wallet has extraordinary advantage in convenience versus anything currently on the market. In addition to setting a new standard for cryptocurrency wallets, integrating 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.”
With the launch of Bitsy wallets, customers are able to purchase and hold actual bitcoins. They will have total freedom to manage their funds such as moving or even spending the amount of cryptocurrency. It also comes with a biometric security and a unique key recovery system that allows customers to retrieve lost passwords or funds.
Ann-Marie Hopkins, CEO of Bitsy added:
“At Bitsy, we want to make bitcoin so easy that anyone can use it. We are excited to have Medici Ventures and Overstock as partners in our efforts to broaden the adoption of cryptocurrency.”