In January, a distributed ledger platform and cryptocurrency launched by Overstock.com - tZERO, launched a security token trading platform. Currently, the company has launched an app called the tZERO Crypto App. The app allows users to trade bitcoin and Ethereum.
Through the new launch, investors will be able to buy, sell, and hold these digital assets directly via the tZERO Crypto App on their mobile phone, rather than using third-party exchanges for custody. Also, the initial release of the app will support Bitcoin and Ethereum purchases.
We are excited to introduce the ability to trade and store cryptocurrencies in your mobile wallet - Saum Noursalehi, CEO, tZERO
“The tZERO Crypto App is a significant milestone in our plans to provide an intuitive experience for trading all digital assets.”
According to the firm, the app can only be used by iOS users, as it is not yet available for Android users. In March, CoinDesk reported that the firm was working towards the creation of a crypto-buying app. Furthermore, investors will also have access to tZERO’s unique crucial private recovery system that will help them restore their funds and cryptocurrencies if they lose their private keys or mobile phone.
At the time, Noursalehi mentioned that a team was developing the app from Bitsy, a firm formerly owned by tZERO. He also revealed that in the long-term, the company wants the app to carry out trading of security tokens that are listed on tZERO’s exchange. The app is available for download on iOS and will be coming soon to Android.