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.
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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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