Overstock’s Security Token Platform Subsidiary tZERO Launches New Crypto App For Android
tZERO, a subsidiary of Overstock that is focused on security trading platforms, has decided to release a new product recently. The new product, which is aimed at Android devices, is set to allow users to store and exchange crypto tokens on their mobile devices.
The launch of the new app comes just a few weeks after the company decided to launch a similar iOS app that is focused on the same goal. At the moment, you can already download the product at Google Play.
By using it, clients from tZERO Crypto will have access to brokerage services and to trade Bitcoin (BTC) and Ether (ETH). According to the company, more assets are to be added in the future, but no names were revealed so far.
The clients will only be able to buy, sell, send and receive tokens but they will also get some advanced features if they choose to use this app. For instance, it has biometric authentication, enhanced security measures such as private key system recovery and more.
tZERO’s CEO Saum Noursalehi affirmed that the company is pretty happy to bring this new product to its clients. He affirmed that they believe that this mobile offering will be able to considerably expand the userbase of the company because the users will have a more positive experience.
This positive experience is said to be guaranteed by the fact that trading will become considerably more seamless and intuitive with the use of the app, which will also enable people to trade their tokens whenever they are, not only in front of a desktop computer. Accessibility, to him, is the most important point here.
tZERO To Hire More Employees
The company has recently affirmed that it was time to hire more people. Several people are supposed to enter the management team of the company. Examples include Alexandra Sotiropoulos (new head of communications), Brooke Navarro (new head of issuance) and Michael Mougias (new head of investor relations).
Part of the reason why tZero is hiring now is that it will launch a new broker-dealer arm soon and these services, which are set to include electronic and portfolio execution and sales trading will need more employees in order to work well.