Mobile Commerce

Redd Coin Making its Way into Cryptocurrency Market

Reddcoin is a social currency that’s dedicated to tipping on social networks as a way to bring digital currencies closer to the general public.

ReddCoin launched earlier in April and claims that they are dedicated to one thing, and that’s tipping on social networks as a way to bring cryptocurrency awareness to the general public.

There isn’t much advertising for the coin, in fact one blogger writes how he just stumbled upon it.

“I have been mining since last Thursday, and have earned almost 500,000 coins already,” he wrote.  “And because I like the concept of this coin I am also one of the highest donators to my pool. These donations not only help keep the pool going, but also allow them to continue developing towards the new social coin.”

The company claims that it makes it easy for people and businesses to auto-tip people, re-posts, etc. Users can then use their ReddCoins on websites to purchase items or use them in games like Freemium games which have in-game credits that you purchase, but you can use ReddCoins instead.

“This would benefit businesses, developers, & users. If you buy credits in-game, you're stuck to using them only in that game,” the company stated on its site. “Instead, if you have ReddCoins, you can use them elsewhere which would make you more positive about spending money in a game since you can easily move it.”

To purchase ReddCoins, you must first purchase BitCoins from an exchange that offers direct fiat to BitCoin conversions such as CoinBase or BitStamp.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

——————————

PYMNTS TV LIVE OCTOBER SERIES: B2B PAYMENTS 2021 – WHAT WILL YOU CHANGE? 

Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border. Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.

1 Comment

TRENDING RIGHT NOW