Overstock’s tZERO to Launch Crypto Wallet and Exchange App


tZERO (TZRO), a blockchain platform for capital markets and subsidiary of Overstock.com (OSTK), is reportedly planning to launch its own cryptocurrency wallet and exchange app.

According to a recent report by Reuters, the new app is designed to replace the risky third-party crypto exchanges by providing a secure and user-friendly mobile platform.

“One of my goals since I joined the company is to provide an intuitive user experience on both mobile and the web to trade all digital assets, including cryptocurrencies,” tZERO CEO Saum Noursalehi told Reuters in a phone interview.

While the initial release of the app will support Bitcoin (BTC) and Ethereum (ETH) purchases, Noursalehi notes that the new app will become the foundation for all digital asset trading for tZERO, including art, real estate and even private companies.

The new app will utilize biometric authentication for added security and ease of use, and all private keys are stored directly on the user’s device.

This news follows tZERO’s distribution of its security tokens to investors back in January, 3 months after the company completed its $134 million token offering (STO).

More: Overstock.com unit tZERO to launch digital currency wallet, exchange app

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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