Ravencoin Joins the tZERO Crypto Family

In an exciting turn of events for cryptocurrency enthusiasts, tZERO, a blockchain company known for its innovative solutions, has officially added Ravencoin (RVN) to its portfolio. This integration allows Ravencoin to stand shoulder to shoulder with Bitcoin (BTC) and Ether (ETH) in the tZERO Crypto wallet and trading application, available for both iOS and Android users. This announcement was made on August 20, with a press release outlining the details of the integration.

Swift Updates and User Accessibility

The tZERO Crypto app, which launched in June, is designed to provide users with a seamless experience for buying, selling, and holding various cryptocurrency assets. The tZERO team has acted quickly, having submitted an updated iOS version of the app just a day before the announcement and planning to roll out the Android update shortly thereafter. Talk about keeping up with the fast-paced crypto world!

Why Ravencoin?

TZERO’s CEO, Saum Noursalehi, shed light on why Ravencoin was chosen for this prestigious addition. He emphasized that Ravencoin is one of the fastest-growing cryptocurrencies and aligns philosophically with tZERO’s mission of facilitating the digitization and tradability of assets. Noursalehi remarked,

“In addition to being one of the fastest-growing cryptocurrencies, Ravencoin allows for straightforward issuance and on-chain transfer of any digital asset, including security tokens, making support for RVN a natural fit for tZERO Crypto.”

The Bigger Picture: What is Ravencoin?

But what exactly is Ravencoin? It’s an open-source cryptocurrency that aims to provide instant payments while enabling the creation and support of security tokens, digital collectibles, utility tokens, gift cards, fiat currency, and various user-defined assets. Essentially, it’s like a Swiss Army knife for digital assets—versatile and functional!

tZERO’s Vision and Backing

TZERO, which is a majority-owned subsidiary of Overstock, has its sights set on developing blockchain applications that can revolutionize everything from retail to finance. As previously reported by Cointelegraph, Overstock CEO Patrick Byrne has publicly acknowledged investing millions into this “use case specific Blockchain focusing on the transfer of assets.” This investment highlights the potential tZERO sees not just in itself, but in cryptocurrencies like Ravencoin and their ability to change the landscape of asset management.