Overstock.com is making a strategic investment in Caribbean digital currency firm Bitt. The $4 million in Series A will be allocated to improve Bitt’s software as well as expanding its operation across other Caribbean countries.
Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.
Tysons Corner, US-based secure digital ID network ID.me scored $10 million in combined venture capital and debt funding to build its own online marketplace for its users.
Utah-based online retailer Overstock.com struck a partnership with California-based bitcoin wallet Coinbase in a deal that made it the biggest online seller to embrace bitcoins as payment.