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ReddCoin Launches ReddPay.Me for Instant Crypto Transfers
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ReddCoin Launches ReddPay.Me for Instant Crypto Transfers

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ReddCoin
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ReddCoin, which features among the top hundred altcoins, was introduced with the aim of bringing cryptocurrency to the masses. Also regarded as “the social currency”, ReddCoin is well-known for its unique approach to social media. This social currency which has created a lot of buzz among the traders, both newcomers and seasoned traders, has come a long way since its inception about four years ago.

Although ReddCoin (RDD) hasn’t been in the spotlight for a long period of time, it surged during the end of 2017, as RDD’s price soared from $0.001 to $0.026 in just a few weeks. As most traders are aware of, the entire crypto market is recovering from a price slump, and ReddCoin is no exception. ReddCoin, which boomed a few months ago, is in the red, with its price dropping by 3.77%. While the downward trend might come across as a cause of concern for many, it is unlikely to be a threat to the currency. In fact, it has created quite a bustle in the market with the launch of ReddPay.Me, a unique payment processor which allows users to transfer cryptocurrency.

What is ReddPay.Me?

ReddPay.Me, the payment processor launched by the ReddCoin team, enables users to make transaction instantly between two email addresses. Discernibly, this system has made the transfer process incredibly simple since it doesn’t require any registration. Conveniently enough, all transactions with ReddCoin are fast, secure and economical. What’s more, the transfer charges are lower than other payment processors, as the cost is only 2%.

How Does the ReddPay.Me System Work?

The system makes the process of crypto transfers exceedingly simple.  An investor looking to transfer coins to ReddCoin will need to follow a few important steps. The steps to make transfers are discussed in the following steps:

  • To begin with, the user needs to click on the Send Money option on the ReddPay.Me website.
  • Decide how much money in fiat currency you would like to transfer.
  • Move on to the “To Whom” section and fill in the details; add the name of the recipient, email id, and other relevant information.
  • Make the deposit on the desired address with the transfer amount.

After making the deposit, the recipient will receive notification of the transfer in an email. Apart from the verification notice, the credit recipient will also receive a public key of the address. The person in question will be able to import the private key into his/her Reddcoin Core Wallet. Much to the traders’ convenience, all the security notices on the transfer of funds are made available to the user during the operation.

ReddCoin’s Other Tools for Cryptocurrency Transfer

ReddCoin has always been closely associated with the public and the social networks. With the launch of the new system, the newcomers, who have little experience in cryptocurrency, can make transactions easily and receive credits in RDD.  Earlier, ReddCoin has provided its users with similar cryptocurrency transfer tools.

  • ReddCoin and Telegram: For Telegram users, there is @ReddCoin_bot which can be used in any telegram group to transfer funds between two people. Depositing funds on Telegram is notoriously easy, as it involves simple commands.
  • ReddCoin and Twitter: Investors can follow ReddCoin on twitter at @tipreddcoin, and use them in Telegram to make transactions in RDD. Also, users can deposit, withdraw RDD through private messages via the bot.
  • ReddCoin and Reddit: ReddCoin investors can carry out transactions between two Reddit accounts.

Final Thoughts

Given the fact RDD is experiencing a steady downtrend; it is hard to make a forecast of RDD’s price. However, as evident from the market trends, the price of the currency might continue to dive in the bearish market. The recent launch of ReddPay.Me processor is likely to boost its market response, as it has already created quite a bustle among the crypto community.  At any rate, as the social media’s favorite currency, RDD is all set to surprise its users with exciting updates and is here to stay on the list of the most promising altcoins.

We will be updating our subscribers as soon as we know more. For the latest on RDD, sign up below!

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.

Image courtesy of Carlos Garcia Torrado via Flickr

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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