/ Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. But after that crossing, they became trillion dollar assets (or close to it). Radio Shack Returns as a Crypto Swap. Its site is notably short on reasons why the average current or former RadioShack customer should want to use cryptocurrency. When you make a purchase using links on our site, we may earn an affiliate commission. Subscribing to a newsletter indicates your consent to our Terms of Use and Privacy Policy. RadioShack Crypto Exchange Puts RADIO Tokens in Users' Hands. The older generation simply doesnt trust the new-fangled ideas of the Bitcoin youth. We can thus infer that Crypto hasn't even gotten started yet. Amber was launched in 2018 by a group of founders that included former Morgan Stanley traders and raised $200 million at a $3 billion valuation in February. PCMag, PCMag.com and PC Magazine are among the federally registered trademarks of Ziff Davis and may not be used by third parties without explicit permission. Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or Spotify. Examples of this kind of protocol similar to RadioShack DeFi are Uniswap and SushiSwap. I also spent the first six years after leaving university as a professional game designer working with Disney, Games Workshop, 20th Century Fox, and Vivendi. (This is distinct from the unauthorized Kodak cryptocurrency mining machine shown that same year.) According to RadioShack, the Bartering mechanism helps USV users buy third-party tokens and transfer them to the Atlas USV treasury in exchange for newly minted USV tokens. Thank you for shopping with us. Oscar Gonzalez is Texas native who covers video games, conspiracy theories, misinformation and cryptocurrency. DEX 1.0 and Rented Liquidity. Until the iPhone, Tesla self-driving car, or Amazon.com crossed the chasm they were but an embryo in the economic womb. 2022 Vox Media, LLC. It will become the first to market with a 100 year old brand name thats recognized in virtually all 190+ countries in the world. The older generation simply doesnt trust the new-fangled ideas of the Bitcoin youth, particularly not adults who are especially authoritarian, intelligent, and well-read (i.e., the CEOs that RadioShack seeks to woo). Its parent company, Retail Ecommerce Ventures, also owns a variety of other brands like Pier 1 Imports and Dressbarn, and RadioShack speculates about the possibility of a brand like Pier 1 launching its own token through RadioShacks system. And THANK YOU for supporting Rhythm Shack & KBOO! The new e-commerce store has only a . . Tokenomics. RadioShack is on the decline this week. RadioShack, the longtime tech retail chain, plans on selling a new item: cryptocurrency. Well, you may remember the RadioShack brand was acquired by Retail Ecommerce Ventures back in 2020, which is run by Tai Lopez and Alex Mehr. $3 trillion with miles to go. And the first product to kickstart this long journey is a token swap. Documents available on the RadioShack website(Opens in a new window) describe this as "low-hanging fruit(Opens in a new window)," mainly because of the "incredible levels of profit" available from trading fees. The current price is $0.000876 per RADIO. We intend to follow his strategy in making crypto mainstream. "It's our voice, a new voice, one for the people," said Abel Czupor, the company's chief marketing officer. Because of its owned liquidity pool, RadioShack believes that it does not need to become diluted to grow. You may unsubscribe from the newsletters at any time. If you buy something from a Verge link, Vox Media may earn a commission. 1 RADIO is currently worth AWG 0.00. . The company says it's "bringing cryptocurrency to the mainstream." RadioShack DeFi (short for. The RADIO token has a market capitalization of US$9.1 million, with 161 token holders. How Does It Work? What an opportunity for those who come to market quickly. It will become the first to market with a 100 . Keep an eye on your inbox! RadioShack, the company that sold consumer electronics for decades, is shifting its focus to DeFi and launching a new crypto token. As mentioned in RadioShack's documentation, the company believes that the best way for crypto to be more mainstream is for an established brand name in the tech space to lead the way. The display of third-party trademarks and trade names on this site does not necessarily indicate any affiliation or the endorsement of PCMag. The company says it's "bringing cryptocurrency to the mainstream.". What is RadioShack Crypto. Although there is a lot of optimism surrounding cryptocurrencies, critics highlight a significant drawback: its adverse impact on the environment. $0.0008988 USD. RadioShack has been a part of American pop culture for over 100 years. In 2018 camera company Kodak announced KodakCoin, which was supposed to be part of a blockchain-powered rights management platform for photographers. What Is the Geek Squad Email Scam? And this is where crypto has missed the mark. Imagine if mainstream brands started using the RadioShack protocol for their future crypto projects. 2022 CNET, a Red Ventures company. Crypto, specifically mining, negatively affects the environment because it requires a sheer amount of processing power to do. According to its website, the RadioShack team partnered with The Franklin Mint, Modell's Sporting Goods, and others to launch its tokens, which are now available for purchase on the NFT Opensea marketplace. A New Swap Paradigm. But for now, the goal is apparently to get other companies on board by trading on a well-known name. RadioShack has a somewhat clearer plan for its project. A New Swap Paradigm. Despite gaining traction on social media, the RadioShack crypto couldn't get investors' attention. Remember, there is a real generational gap between the average crypto buyer (in some countries like India, its as low as age 24) and the average corporate, decision making, global CEO who averages age 68. Earlier this week, the company announced RadioShack DeFi (short for decentralized finance), a market where people can swap newly announced RADIO tokens as an alternative to a centralized exchange like Coinbase. The RadioShack (RADIO) token jumped 3.26% to US$0.02803 at 5:11 am ET on Thursday after . Lopez and Mehr are also the duo behind Atlas, so they control the entire operation. RadioShack's argument is basically that as a very old brand, it's primed to sell old CEOs on cryptocurrency. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. The health and safety of our customers is a top priority. RadioShack hopes to ease the psychological barrier to crypto adoption by acting as the bridge between the CEOs who lead the world's corporations and the new world of cryptocurrencies. Too many focused on speculation and not enough on making the old-school customer feel comfortable. https://www.pcmag.com/news/radioshack-returns-as-a-crypto-company, How to Free Up Space on Your iPhone or iPad, How to Save Money on Your Cell Phone Bill, How to Convert YouTube Videos to MP3 Files, How to Record the Screen on Your Windows PC or Mac, Bitcoin for Beginners: Simple Tips to Get Started With Crypto, Brave Adds a Crypto Wallet to Its Browser, New York Presses Pause on Polluting Crypto Mines, Nvidia Gaming Revenue Drops 51% on Weak Demand, Crypto-Mining Drying Up, Chinese Tabloid: US Tricked TSMC Into Building Ariz. One thing I love about cryptocurrency and the whole concept of decentralization, the metaverse and Web-3 is the creativity in which it is moving forward . 1 RADIO is currently worth AWG 0.00. . Easily convert RadioShack to Aruban Florin with our cryptocurrency converter. The company remained a retail staple until the early 2000s, a period of rapid innovation that saw digital media outpace the older, physical technology that the chain sold in its stores. Share. You can join a waitlist to be notified when the RADIO token launches. And we mean this with no disparagement to the early blockchain adopters, as they have pushed crypto close to a $3 trillion coin market cap, not an easy feat. This means it'll allow users to trade tokens among each other rather than at an exchange like Coinbase and Binance. Under the leadership of Tai Lopez and former NASA scientist Alex Mehr, Ph.D., RadioShack aims to reinvent itself into a DeFi crypto company. The tech retail chain might be the place to go to trade cryptocurrency. Users will need to link their digital wallets to RadioShack DeFi in order to start trading. RadioShack DeFi (short for decentralized finance) is the new venture for the retail chain as laid out on its website as of Sunday. RadioShack is known as a consumer brand, but here, the broad goal is to become a platform that other companies (RadioShack cites Louis Vuitton, Starbucks, and Mercedes-Benz) use to run their own distributed finance projects. Sign up for What's New Now to get our top stories delivered to your inbox every morning. RadioShack was originally founded in 1921 and began as a small chain of stores selling radio products before expanding to a nationwide empire of home entertainment appliances. Initial Supply Breakdown. I hold two degrees: a Bachelor's degree in Computer Science and a Master's degree in Games Development. For years, RadioShack was known as an electronics retailer with over 8,000 stores in the USA alone. In partnership with Atlas USV, RadioShack hopes to avoid reward-oriented, short-term liquidity providers. Are you ready? . The moment of mass adoption among even the most skeptical consumer. For now, all you can do is wait until Radioshack shares more information on its DeFi initiative. Lopez and Mehr are clearly staking the success of the entire operation on the strength of the RadioShack brand with consumers. If you want to read about RadioShacks strategy, theres a series of pages explaining the system, which is built on a protocol called Atlas USV. It is our hypothesis that the best way for crypto to be more mainstream is for an established brand name in the tech space to lead the way. Despite its pullback in the last 10 years, the brand is resolutely embedded in the global consciousness - ripe to be pivoted to lead the way for blockchain tech to mainstream adoption by other large brands. What Is a Blockchain 51 Percent Attack? tldr; Retailer RadioShack has relaunched itself on Twitter with a stream of crude tweets filled with crude comments and drug references. Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology. The company is now making a gamble to pivot its brand to DeFi and survive the next 100 years or die trying. Yet this is a blip on the radar of a globe with a $250 trillion estimated net worth. PCMag.com is a leading authority on technology, delivering lab-based, independent reviews of the latest products and services. The need for a bridge between the CEOs who control the worlds corporations and the new world of cryptocurrencies will most likely come in the form of a well-known, century-old brand. - RadioShack Can Crypto Be Sustainable? RadioShack, the venerable retailer relaunched as an online-focused brand in 2020, now wants to chart a future as a cryptocurrency exchange. Download. As Techradar reports(Opens in a new window), the RadioShack website now advertises the company as "bringing cryptocurrency to the mainstream" by creating a new protocol allowing everyone to more easily use decentralized finance (DeFi). RadioShack RADIO. See our ethics statement. Moreover, RadioShack insists that its uniquely positioned to take cryptocurrency mainstream claiming that RadioShack, and RadioShack alone, can bridge the gap and cross the chasm of mainstream usage for cryptocurrency.. Related: DeFi: What Is Yield Farming and Why Is It So Popular? While its original brand has already shut down permanently, RadioShack is still a global name with active e-commerce stores. The New York Times raised questions about the coin and its related platform, and Kodak appears to have quietly wound it down. RadioShack yes, that RadioShack that used to sell electronic goods is now a crypto business. RadioShack, the company that sold consumer electronics for decades, is shifting its focus to DeFi and launching a new crypto token. All Rights Reserved. The 3Commas RadioShack Calculator allows you to easily calculate the conversion price of RADIO to BNB by simply entering the amount of RadioShack in the corresponding field and will automatically convert the value in BNB (BNB). RadioShacks argument is basically that as a very old brand, its primed to sell old CEOs on cryptocurrency. The price declined by 0.30% in the last 24 hours. If you click an affiliate link and buy a product or service, we may be paid a fee by that merchant. As Techradar reports, the . The goal is to 'bring cryptocurrency to the mainstream' using the well-known consumer brand. This demographic difference creates a substantial psychological barrier to crypto adoption. This might be a bit confusing for those who were familiar with the longtime chain, but here's an explanation of what's happening. Due to the COVID-19 outbreak across the United States, some independently-owned locations may have temporarily closed or hours may vary from what is listed on our store finder. In reality, it looks as though RadioShack is planning to launch its own Radio token and will start by focusing on swaps, which is basically a service to exchange cryptocurrencies and tokens. N/A (24H) 0.00000005249 BTC-0.04% (24H) RadioShack Price Chart (USD) . In just the past hour, the price grew by 0.06%. The price of RadioShack has fallen by 3.20% in the past 7 days. A weekly email featuring news, original reporting and accessible advice about cryptocurrency and NFTs from CNET Senior Writer Daniel Van Boom. RadioShack, started in 1921 in Boston by brothers Theodore and Milton Deutschmann, was a leader in the nascent tech world for nearly a century. Role of PODL in RadioShack Swap. Related: What Is a Blockchain 51 Percent Attack? Too many [cryptocurrency companies] focused on speculation and not enough on making the old-school customer feel comfortable, the companys website states, claiming that the average decision-making corporate CEO is 68 years old. Quina is a staff writer for MUO, resident adrenaline junkie, and lover of all things tech. Besides acquiring Radio Shack, REV has also acquired other notable companies such as Dressbarn, Linens' n' Things, Modell's Sporting Goods, and Pier1. Want CNET to notify you of price drops and the latest stories? Initial Supply Breakdown. Bloomberg News reported earlier this . (Photo: Drew Angerer/Getty Images) RadioShack, once a brand associated with home electronics, has reappeared as a crypto company. 1996-2022 Ziff Davis, LLC., a Ziff Davis company. But currently, Moore would clearly see crypto as a tool not yet adopted by large markets. RadioShack, once a brand associated with home electronics, has reappeared as a crypto company. The Sam Bankman-Fried apology tour continued this week, despite a number of high-profile lawyers including one who . Tokenomics. Currently Crypto has no well-known brands over even 15 years old. It will become the first to market with a 100 . Regardless of the amount of documentation available, for now the details around this blockchain venture seem less than clear. RadioShack Crypto is focused on the early majority. RadioShack didn't provide a date of when it will open up its exchange, but there's a waitlist for those interested can join. Fox Business Flash top headlines for December 30. The company is now making a gamble to pivot its brand to DeFi and survive the next 100 years or die trying. Tech retail chain RadioShack announced to enter the crypto market in 2021. Buy, sell, and spend crypto on the world's most trusted crypto exchange. PCMag supports Group Black and its mission to increase greater diversity in media voices and media ownerships. How Does It Work? The Texas-based . The company filed for bankruptcy back in 2015 after 11 unprofitable quarters in a row, bringing . With Atlas USV, RadioShack can benefit from long-term liquidity as well as an efficient and competitive swap experience. "RadioShack, and RadioShack alone, can bridge the gap and 'cross the chasm' of mainstream usage for cryptocurrency," the company says on its site. This is done via smart contracts on the ethereum blockchain. Color: Heather Gray Size: S S M L XL 2XL Add to cart Hurry up! Image Credit: RadioShack RadioShack has been a part of American pop culture for over 100 years. RadioShack was established in 1921 to sell radio equipment, it is now selling crypto. And so established, well-known brands like RadioShack are the key. The Starfish Topology (RADIO Token's Primary Utility) Multi-Tier Starfish Topology (MTST) Cross-Chain Strategy. However, we don't have an official date yet for when this token will launch. DEX 1.0 and Rented Liquidity. "Too many [cryptocurrency companies] focused on speculation and not enough on making. Whatever RadioShack decides to do, it will be in partnership with a company called Atlas USV(Opens in a new window), which offers a "universal, decentralized, and widely accessible DeFi base layer" to build projects on top of. RadioShack intends to bridge the old and the new together with its legacy and a host of brands such as Pier1, Dressbarn, Linens n Things, and more. The launch follows a pattern of troubled but well-known brands moving into cryptocurrency. You can also use our RadioShack price table above to check the latest RadioShack price in major fiat and crypto . The collection consists of some 74 assorted pieces, including drawings of the company . December 21, 2021. Your subscription has been confirmed. All Rights Reserved, By submitting your email, you agree to our. The chain was purchased in 2020 by Retail Commerce Ventures, a holding company that is also behind the Atlas USV DeFi Protocol, which will be used for the RadioShack DeFi. Overview. Find stores near this location: Use my location . The Starfish Topology (RADIO Token's Primary Utility), RadioShack Swap Fee (RADIO Token's Second Utility), The most important day for any new emerging technology is the day on which it . This newsletter may contain advertising, deals, or affiliate links. A look at RadioShack's website shows that the company is making a hard push toward crypto. Factory to Steal Secrets, New Gift Card Scam Uses Barcode Stickers to Steal Your Cash, Twitter to Tell Users When Their Accounts Have Been 'Shadow Banned', EU Sets Deadline for Mandatory USB-C Charging on Smartphones, Tablets, More, Corsair's 45-Inch Bendable OLED Gaming Monitor Will Cost a Small Fortune. Wendy's chicken nug. Harvard University, says of Geoffrey A. Moore, (the book) Crossing the Chasm has become the bible for bringing cutting-edge products to progressively larger markets.. If you're on the same page, you may want to invest in the $RADIO token for yourself. With Atlas USV's treasury, the RadioShack ecosystem expects a constant inflow of third-party tokens through bartering. The official Twitter account of RadioShack has caught attention over profane tweets, and on . As a first step, RadioShack is fixing the chaotic and dispersed nature of liquidity addition on today's AMMs. RadioShack is also promoting a collection of NFTs. Readers like you help support MUO. Role of PODL in RadioShack Swap. Just go to KBOO.FM/Give or text K-B-O-O to 4-4-3-2-1. RadioShack Crypto is focused on the early majority. Easily convert RadioShack to Aruban Florin with our cryptocurrency converter. But why partner with Atlas? Notice that Moore ends by saying the word, Established! Robot Co-Op is live every Wed. & Fri. at 7pm CT and every Sunday at 12pm CT at http://www.twitch.tv/robotco_opFlorida Man, whatchu doin'? Video Games, Misinformation, Conspiracy Theories, Cryptocurrency, NFTs, Movies, TV, Economy, Stocks, Master's degree in Journalism from NewMark School of Journalism, Do Not Sell or Share My Personal Information. But, how exactly is RadioShack becoming more than just a online store, and how does crypto play a role in its next move? RadioShack is a 100 year old brand embedded into the global consciousness and we are going to lead the way for blockchain tech to reach mainstream adoption by other large brands. Related 12 Best Crypto Exchanges USA . She is primarily based in Southeast Asia and graduated with a degree in Information Design. The company said its relaunch targeted people who might not be thought of as crypto investors. We're into our End-of-Year Fund Drive, here at this listener-supported community radio station, so please make a donation of any size to keep us on the air. Store Locator - RadioShack. How to Avoid It. The Starfish Topology (RADIO Token's Primary Utility) Multi-Tier Starfish Topology (MTST) Cross-Chain Strategy. Crypto tools for everyone. RadioShack, the longtime tech retail chain, plans on selling a new item: cryptocurrency. RadioShack is 97.73% below the all time high of $0.0386. RadioShack, once beloved by late 20th . Add to Watchlist. My first book, Make Your Own Pixel Art, is available from all good book shops. They launched RadioShack Swap, a decentralized crypto exchange platform that allows users to swap coins or tokens, a format that comes with more flexibility and lower transaction fees than. There are currently more than 400 RadioShack stores in the US. At the time of writing, the RADIO crypto was down by 0.7 per cent. It aims to bridge the gap between mainstream blockchain functions and cryptocurrencies. Only 17 left in stock. Radioshack Crypto Radio Unisex T-shirt Vendor: Orderflo $25.00 In Stock Free Shipping Over $49* or 4 interest-free payments on orders over $35 with Shipping calculated at checkout. Or, as RadioShack puts it, the brand is resolutely embedded in the global consciousness ripe to be pivoted to lead the way for blockchain tech to mainstream adoption by other large brands.. The company says its well-known brand will bring older, conservative CEOs into crypto, but it's just the latest aging brand to make the blockchain pivot. Our mission is to be the first protocol to bridge the gap to mainstream usage of blockchain and cryptocurrencies What is RadioShack Crypto RadioShack is a 100 year old brand embedded into the global consciousness and we are going to lead the way for blockchain tech to reach mainstream adoption by other large brands. . Before that I spent nearly 15 years working at Geek.com as a writer and editor. I've been working at PCMag since November 2016, covering all areas of technology and video game news. And you can't forget this classic RadioShack SuperBowl commercial: RadioShack has one objective: Distribution and usage by millions of individuals but possibly more important, by hundreds of blue-chip, large corporations as their gateway into becoming blockchain companies. Elon Musk says Tim Cook told him Apple never considered removing Twitter, Twitter will recommend more tweets to everyone, even if you didnt ask for them, LastPass' latest data breach exposed some customer information. RadioShack is a 100 year old brand embedded into the global consciousness, now on a mission to be the first protocol to bridge the gap to mainstream usage of blockchain and cryptocurrencies. RadioShack Antenna-Mounted High-Gain Signal Amplifier for HDTV Antennas (36) $69.99 Free Shipping Gigastone H1 Wireless Bluetooth Over-Ear Headphones (9) $34.99 RadioShack Non-Contact Infrared Forehead Thermometer (79) $29.99 Meta PCs - Griffin - Intel Core i5 - 16GB Memory - 500GB SSD - Black $1,499.00 Free Shipping Shop By Category Overview. Standard Shipping: Arrives between Wednesday, August 31 and Friday, September 02 RadioShack announced plans to rebrand as a cryptocurrency exchange platform in an effort to keep the 100-year-old brand alive. Does this old dog have one more trick left? DeFi: What Is Yield Farming and Why Is It So Popular? If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, . Decrypt also delves more into the parties behind the move. https://t.co/gXXKXc1UT2#RadioShack #Blockchain #Cryptocurrency pic.twitter.com/rXT3HvGli1. In the News CNET - Dec 20, 2021 RadioShack DeFi, once it's open, will let users who sign up will have the option to trade their crypto tokens with each other without having an entity handling all the transactions. By Matthew Humphries. RadioShack Crypto is focused on the early majority. 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