Overstock will continue to use cryptocurrencies after the departure of Patrick Burn

Overstock will continue to use cryptocurrencies after the departure of Patrick Burn

Last week, Bitcoin’s longtime enthusiast, CEO of Overstock, an American online retailer, Patrick Burn, resigned. However, this will not change the company’s commitment to cryptocurrencies.

On August 22, Bern announced his resignation as CEO of the company in connection with the FBI investigation and rumors of a love affair with Russian woman Maria Butina, accused of US espionage.

Bern has always favored cryptocurrencies, and Overstock was one of the first to pay attention to this industry, including the launch of its subsidiary tZERO, operating in the blockchain industry. It seems that even after Bern’s departure, the retail giant is not going to give up its initiatives.

“We will certainly continue our cryptocurrency efforts. Our blockchain business is doing well. Our Medici Ventures blockchain investment team is working hard. And other companies in the Medici family are also growing at a fast pace, ”said Jonathan Johnson, the newly appointed Overstock CEO.

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Patrick Byrne previously stated that blockchain is more important than Gutenberg’s printing press and the Internet.


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