Even though the overall market has been going through a bearish rally since the beginning of the year, there have been some altcoins like ReddCoin (RDD) that have been fairing on well. Unbeknownst to most crypto enthusiasts, Reddcoin has been making big leaps with a strategic roadmap that will see Reddcoin’s integration onto mobile platforms such as IOS to increase the level of adoption. Furthermore, Reddcoin’s Blockchain operates on a proof of stake velocity protocol which is more secure and profitable for miners. In fact, the second version of the POSV protocol has already been launched. This new update will enable active nodding on Reddcoin’s network, therefore, incentivizing the community to use the coin as opposed to only holding it.
The launch of Redd Coin’s debit card
The announcement to launch the Reddcoin debit card was first released on the company’s Reddit page. By working with Investa ( a company that offers a blend of fintech and crypto related services to increase the value of digital assets), REddcoin is on track towards being one of the first( if not the only one) cryptocurrencies with a backing of debit cards and a global network of ATM’s.
This new partnership with Investa (although still in its infant stages) is quite promising for Reddcoin as it will allow the cryptocurrency to find its usefulness in the real world and among mainstream public. The news move to come up with a debit card for Reddcoin will enable users to not only efficiently store the RDD but also spend and grow the RDD community at large.
More about Investa
AS indicated earlier, Investa offers a variety of solutions for both fintech and cryptocurrency companies such as Reddcoin. By combining the best of both worlds, Investa is able to work in tandem with fintech companies to boost efficiency. Therefore Investa is able to offer wallets, build exchanges and integrate debit card systems to crypto projects thus enabling seamless exchange between fiat and cryptocurrency. Currently, Investa has an ongoing Pre-sale of the INV token that is set to end in about 50 days.
Redd Coin going forward
Although the recent bear run ended up shading most of the gains made by RDD, there is still hope for the cryptocurrency (ranked number69 on CoinMarketCap) whose market capitalization currently stands at about 300 million to go up once again. With crucial partnerships such as the one with Investa, most market analysts predict that the ReddCoin might just hit the coveted $1 mark by the end of the year.
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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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