Overstock to Issue Bonds Using Blockchain Technology

Patrick Byrne confirmed his intention to offer $25million Overstock Bonds using the same software protocol that powers Bitcoin, wrote Wired today

Mr Byrne has long harbored the desire to launch an alternative to established Stock Exchanges using Blockchain technology and has recently filed papers with the SEC seeking approval for just such an exchange.

The SEC is still reviewing the application but Mr Byrne stated that the private bonds could be issued without SEC approval and he sees this as a proof of concept for the larger proposal.

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