ReddCoin is paving the way for the internet of value with plans to make it easy for the mainstream public to use cryptocurrencies with ease. To achieve this, ReddCoin is taking advantage of a proof of stake velocity protocol that does not only make it easy for miners to sustain and make a profit on the network but also guarantees the decentralization of the network. The ultimate plan for Redd coin is to dominate the social platforms. If the project’s roadmap is anything to go by, there already exists impressive technical developments designed to integrate the coin seamlessly into major social networks. Little wonder how the RDD coin has managed to make tremendous gains going after new markets with the news of its listing on a new exchange.
ReddCoin going after new markets
It has barely been a month since ReddCoin unveiled the revolutionary Redd pay and Redd Card services to enable crypto enthusiasts to spend their RDD more efficiently and with ease than the announcement for the coin’s listing on BiteBTC exchange came out.
With this new development, Redd Coin will not be able to tap into a new market with the potential to scale even further in terms of outreach but the project’s ultimate goal of accessibility and ease of use will be a step closer to reality. Already there has been speculation around the price of Reddcoin( currently at $0.008 with a market cap of over $200 million) hitting the coveted $1 mark. By the look of it, that target might no longer be a far-fetched dream considering its new listing on BiteBTC.
More about Bite BTC
For the uninitiated, BiteBTC is basically one of Singapore’s biggest cryptocurrency exchanges. It features a full compliance with Know Your Customer (KYC) regulatory requirements, a SWIFT wire transfer across the globe, a desk with institutional grade tools for traders and an automated API for trading. There is more. The platform also comes with up to five payment methods for buying crypto including Visa and Mastercard credit and debit cards, Alipay, OkPay, JCB and Swift wire transfers. This means that the platform does not only provide value to traders and crypto enthusiasts in Singapore but is also accessible to a global audience of crypto enthusiasts. Just recently, the exchange platform equally announced that Verge Coin (also known as the privacy-centric cryptocurrency) is listed on its exchange. Now that Redd coin is added to the bunch there is simply nothing holding back traders on BiteBTC from the best performing altcoins in the market. Plus, BiteBTC comes with reasonable fees and a variety of coins to buy and sell, and BiteBTC is also offering users a straightforward exchange that also comes with a free wallet.
Why the listing on BiteBTC matters to RDD
Well, for anyone in Singapore, the announcement about RDD being available on BiteBTC as first posted on BiteBTC’s twitter page and on ReddCoin’s website is more than just good news. RDD presents the opportunity to invest in a developing and rapidly growing coin that is sure to excite traders and cryptocurrency investors in Singapore. AS RDD grows and develops, such moves will enable the coin to establish its position in the market and advance further towards building an internet of value.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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