• Sun. Aug 14th, 2022

Bitt Bolsters Global Digital Currency Expertise with Appointment of Criteo CBDC Founding Team of Jim Shinn and Erik Bethel

ByHazel R. Lang

Jul 18, 2022

Erik Bethela global finance polyglot, with extensive senior executive experience in the US private and public sectors, Latin Americaand Chinawill be Bitt’s new business development manager.

CEO of Bitt Brian Popelkasaid, “As key global players with broad and multifaceted industry knowledge, Jim and Erik’s experience will further solidify Bitt’s position as the undisputed leader in the international CBDC space. Criteo team joins Bitt at an exciting time in the rapidly expanding global CBDC industry.”

After winning the Monetary Authority of that of Singapore Global CBDC Challenge, the Criteo team successfully engaged over 12 central banks in Latin America, Africa, Europeand Central Asia, advancing their CBDC programs. “As Criteo refocuses on its core e-commerce business, we now have the ability to fulfill these CBDC commitments using Bitt’s market-leading digital currency management system,” says Jim Shinone of the founders of Criteo’s CBDC efforts.

Erik added, “We have repeatedly encountered Bitt as the most advanced competitor in all of our market engagements. They have an outstanding reputation as the leading provider of robust CBDC platforms, with a full suite of products and live deployments to a variety of robust ledger platforms.”

The Bitt Digital Currency Management System (DCMS) is the technology behind most live retail CBDC deployments around the world. Among its many unique salient features, Bitt’s DCMS is interoperable with leading transaction networks, legacy financial system infrastructure, AML compliance service providers, and existing payment service providers. Central banks benefit from Bitt’s longstanding expertise in digital currency, which has been developing digital currency solutions since 2014. Bitt has established relationships with an impressive list of auxiliary partners and associations that enhance the experience digital currency for everyone within a country’s financial ecosystem. Current Bitt management has a proven track record of deploying digital currency in the countries of AfricaNorth and central Americathe Caribbeanand Europe. The addition of Jim and Erik will strengthen Bitt as a global digital currency leader and further expand the company’s central bank and financial institution customer base.

About Bitt

Bitt is a financial technology company that provides digital currency solutions to central banks, financial institutions and ecosystem participants around the world. Bitt’s Digital Currency Management System (DCMS) provides the secure infrastructure for monetary authorities to deploy CBDCs and financial institutions to integrate digital currencies into their financial services offerings. Bitt is a portfolio company of Medici Ventures, LP, a blockchain-focused fund. The general partner of this fund is an affiliate of Pelion Venture Partners. Overstock.com, Inc. (NASDAQ:OSTK) is a sponsor of Medici Ventures, LP For more information about Bitt, please visit https://www.bitt.com/about/overview

About Overstock.com

Overstock.com, Inc. (Common Stock (NASDAQ:OSTK) / Series A-1 Preferred Stock (tZERO ATS:OSTKO) / Series B Preferred Stock (OTCQX:OSTBP)) is an online retailer and technology company based in Salt Lake City, UT. Its leading e-commerce website sells a wide range of new home products at low prices, including furniture, decor, area rugs, bedding and bath, home improvement, outdoor, kitchen and dining room, etc. The online shopping site, which is visited by tens of millions of customers per month, also includes a marketplace allowing customers to access millions of products. In 2014, Overstock became the first major retailer to accept cryptocurrency as a form of payment and continues to do so. Overstock regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages of its website, Overstock.com.

O, Overstock.com, O.com and Club O are registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names that may be referred to herein are the property of their respective owners.

About Pelion

Pelion Venture Partners is an early-stage venture capital firm. Pelion invests in seed and Series A software companies through United States. Notable investments include: Cloudflare, Riverbed, Divvy (acquired by Bill.com) and Weave.

Media contact:
Chris Burnett
Bitt Marketing Manager
E-mail: [email protected]
Website: www.bitt.com

SOURCE Bitt Inc.

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