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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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