The U.S. electricity supplier Overstock will use bitcoin blockchain issuance of new shares

The U.S. electricity supplier Overstock will use bitcoin blockchain issuance of new shares
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According to foreign media reports, sources familiar with the Overstock and revealed that the U.S. Securities and Exchange Commission (SEC) has approved the online retailer Overstock.com (NASDAQ:OSTK) S-3 application, the company may issue new shares listed in the bitcoin block chain.

For Overstock, the issuance of shares of the company on its platform, is a feasible proof of concept. Fundamentally speaking, t0 can be reviewed as “transaction is settlement” in the traditional stock market trading settlement mechanism on the market T+3: days after the day of purchase, can sell cash payments and securities trading, which takes three days to solve. And the block chain, can be in instantaneous settlement, and the transaction is happening at the same time.

A Overstock spokesman declined to comment on the news, but he said the company will release an official statement in the next 48 hours.

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