Decrypt also delves more into the parties behind the move. The new e-commerce store has only a . 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. The RadioShack (RADIO) token jumped 3.26% to US$0.02803 at 5:11 am ET on Thursday after . 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. 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. Add to Watchlist. 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. This might be a bit confusing for those who were familiar with the longtime chain, but here's an explanation of what's happening. This newsletter may contain advertising, deals, or affiliate links. Oscar Gonzalez is Texas native who covers video games, conspiracy theories, misinformation and cryptocurrency. Related 12 Best Crypto Exchanges USA . Related: DeFi: What Is Yield Farming and Why Is It So Popular? PCMag.com is a leading authority on technology, delivering lab-based, independent reviews of the latest products and services. 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. Although there is a lot of optimism surrounding cryptocurrencies, critics highlight a significant drawback: its adverse impact on the environment. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, . 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 company says it's "bringing cryptocurrency to the mainstream." RadioShack DeFi (short for. DEX 1.0 and Rented Liquidity. 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. The current price is $0.000876 per RADIO. Notice that Moore ends by saying the word, Established! The Starfish Topology (RADIO Token's Primary Utility) Multi-Tier Starfish Topology (MTST) Cross-Chain Strategy. We can thus infer that Crypto hasn't even gotten started yet. RadioShacks argument is basically that as a very old brand, its primed to sell old CEOs on cryptocurrency. Just go to KBOO.FM/Give or text K-B-O-O to 4-4-3-2-1. The company says it's "bringing cryptocurrency to the mainstream.". RadioShack, the longtime tech retail chain, plans on selling a new item: cryptocurrency. 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. 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 - RadioShack Can Crypto Be Sustainable? If you're on the same page, you may want to invest in the $RADIO token for yourself. RadioShack has been a part of American pop culture for over 100 years. RadioShack's argument is basically that as a very old brand, it's primed to sell old CEOs on cryptocurrency. While its original brand has already shut down permanently, RadioShack is still a global name with active e-commerce stores. 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. RadioShack, once beloved by late 20th . Readers like you help support MUO. Lopez and Mehr are also the duo behind Atlas, so they control the entire operation. It will become the first to market with a 100 . Initial Supply Breakdown. 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. 1 RADIO is currently worth AWG 0.00. . RadioShack is also promoting a collection of NFTs. All Rights Reserved. https://t.co/gXXKXc1UT2#RadioShack #Blockchain #Cryptocurrency pic.twitter.com/rXT3HvGli1. 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. A weekly email featuring news, original reporting and accessible advice about cryptocurrency and NFTs from CNET Senior Writer Daniel Van Boom. PCMag supports Group Black and its mission to increase greater diversity in media voices and media ownerships. December 21, 2021. Sign up for What's New Now to get our top stories delivered to your inbox every morning. tldr; Retailer RadioShack has relaunched itself on Twitter with a stream of crude tweets filled with crude comments and drug references. What Is a Blockchain 51 Percent Attack? RadioShack Crypto is focused on the early majority. As Techradar reports, the . Fox Business Flash top headlines for December 30. You can also use our RadioShack price table above to check the latest RadioShack price in major fiat and crypto . Besides acquiring Radio Shack, REV has also acquired other notable companies such as Dressbarn, Linens' n' Things, Modell's Sporting Goods, and Pier1. N/A (24H) 0.00000005249 BTC-0.04% (24H) RadioShack Price Chart (USD) . I've been working at PCMag since November 2016, covering all areas of technology and video game news. 2022 Vox Media, LLC. $3 trillion with miles to go. Tokenomics. Subscribing to a newsletter indicates your consent to our Terms of Use and Privacy Policy. RadioShack is 97.73% below the all time high of $0.0386. 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. RadioShack Crypto Exchange Puts RADIO Tokens in Users' Hands. 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, once a brand associated with home electronics, has reappeared as a crypto company. 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. In partnership with Atlas USV, RadioShack hopes to avoid reward-oriented, short-term liquidity providers. What Is the Geek Squad Email Scam? With Atlas USV, RadioShack can benefit from long-term liquidity as well as an efficient and competitive swap experience. 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. 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. As a first step, RadioShack is fixing the chaotic and dispersed nature of liquidity addition on today's AMMs. The launch follows a pattern of troubled but well-known brands moving into cryptocurrency. 1 RADIO is currently worth AWG 0.00. . RadioShack, the longtime tech retail chain, plans on selling a new item: cryptocurrency. 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. Tech retail chain RadioShack announced to enter the crypto market in 2021. 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. How to Avoid It. All rights reserved. The older generation simply doesnt trust the new-fangled ideas of the Bitcoin youth. A New Swap Paradigm. RadioShack, the venerable retailer relaunched as an online-focused brand in 2020, now wants to chart a future as a cryptocurrency exchange. Buy, sell, and spend crypto on the world's most trusted crypto exchange. And so established, well-known brands like RadioShack are the key. Its site is notably short on reasons why the average current or former RadioShack customer should want to use cryptocurrency. But currently, Moore would clearly see crypto as a tool not yet adopted by large markets. $0.0008988 USD. 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. Keep an eye on your inbox! My first book, Make Your Own Pixel Art, is available from all good book shops. Despite gaining traction on social media, the RadioShack crypto couldn't get investors' attention. Users will need to link their digital wallets to RadioShack DeFi in order to start trading. Under the leadership of Tai Lopez and former NASA scientist Alex Mehr, Ph.D., RadioShack aims to reinvent itself into a DeFi crypto company. If you click an affiliate link and buy a product or service, we may be paid a fee by that merchant. Yet this is a blip on the radar of a globe with a $250 trillion estimated net worth. Radio Shack Returns as a Crypto Swap. How Does It Work? (This is distinct from the unauthorized Kodak cryptocurrency mining machine shown that same year.) The price of RadioShack has fallen by 3.20% in the past 7 days. At the time of writing, the RADIO crypto was down by 0.7 per cent. Standard Shipping: Arrives between Wednesday, August 31 and Friday, September 02 Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or Spotify. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. 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. 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.. But why partner with Atlas? The New York Times raised questions about the coin and its related platform, and Kodak appears to have quietly wound it down. Image Credit: RadioShack RadioShack has been a part of American pop culture for over 100 years. This demographic difference creates a substantial psychological barrier to crypto adoption. Tokenomics. DeFi: What Is Yield Farming and Why Is It So Popular? RadioShack Crypto is focused on the early majority. How Does It Work? The tech retail chain might be the place to go to trade cryptocurrency. RadioShack, started in 1921 in Boston by brothers Theodore and Milton Deutschmann, was a leader in the nascent tech world for nearly a century. 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'? What is RadioShack Crypto. 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. RadioShack DeFi (short for decentralized finance) is the new venture for the retail chain as laid out on its website as of Sunday. . What an opportunity for those who come to market quickly. The company filed for bankruptcy back in 2015 after 11 unprofitable quarters in a row, bringing . RadioShack was established in 1921 to sell radio equipment, it is now selling crypto. Overview. There are currently more than 400 RadioShack stores in the US. Find stores near this location: Use my location . The company is now making a gamble to pivot its brand to DeFi and survive the next 100 years or die trying. 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. By Matthew Humphries. The company said its relaunch targeted people who might not be thought of as crypto investors. Before that I spent nearly 15 years working at Geek.com as a writer and editor. If you buy something from a Verge link, Vox Media may earn a commission. But after that crossing, they became trillion dollar assets (or close to it). RadioShack RADIO. The collection consists of some 74 assorted pieces, including drawings of the company . Until the iPhone, Tesla self-driving car, or Amazon.com crossed the chasm they were but an embryo in the economic womb. 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. . 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. 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). 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. Crypto, specifically mining, negatively affects the environment because it requires a sheer amount of processing power to do. Crypto tools for everyone. "It's our voice, a new voice, one for the people," said Abel Czupor, the company's chief marketing officer. "Too many [cryptocurrency companies] focused on speculation and not enough on making. 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. Only 17 left in stock. 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 . RadioShack, the company that sold consumer electronics for decades, is shifting its focus to DeFi and launching a new crypto token. RadioShack Crypto is focused on the early majority. You may unsubscribe from the newsletters at any time. For now, all you can do is wait until Radioshack shares more information on its DeFi initiative. Initial Supply Breakdown. RadioShack yes, that RadioShack that used to sell electronic goods is now a crypto business. A New Swap Paradigm. Your subscription has been confirmed. A look at RadioShack's website shows that the company is making a hard push toward crypto. Store Locator - RadioShack. This is done via smart contracts on the ethereum blockchain. 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. The Texas-based . 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.. When you make a purchase using links on our site, we may earn an affiliate commission. The RADIO token has a market capitalization of US$9.1 million, with 161 token holders. It will become the first to market with a 100 . Related: What Is a Blockchain 51 Percent Attack? Lopez and Mehr are clearly staking the success of the entire operation on the strength of the RadioShack brand with consumers. Color: Heather Gray Size: S S M L XL 2XL Add to cart Hurry up! And THANK YOU for supporting Rhythm Shack & KBOO! "RadioShack, and RadioShack alone, can bridge the gap and 'cross the chasm' of mainstream usage for cryptocurrency," the company says on its site. However, we don't have an official date yet for when this token will launch. Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology. And this is where crypto has missed the mark. (Photo: Drew Angerer/Getty Images) RadioShack, once a brand associated with home electronics, has reappeared as a crypto company. Want CNET to notify you of price drops and the latest stories? 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. RadioShack announced plans to rebrand as a cryptocurrency exchange platform in an effort to keep the 100-year-old brand alive. And the first product to kickstart this long journey is a token swap. All Rights Reserved, By submitting your email, you agree to our. We intend to follow his strategy in making crypto mainstream. 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. Download. Are you ready? 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. For years, RadioShack was known as an electronics retailer with over 8,000 stores in the USA alone. 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. Role of PODL in RadioShack Swap. It aims to bridge the gap between mainstream blockchain functions and cryptocurrencies. 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 . 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.. Because of its owned liquidity pool, RadioShack believes that it does not need to become diluted to grow. 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. Quina is a staff writer for MUO, resident adrenaline junkie, and lover of all things tech. This means it'll allow users to trade tokens among each other rather than at an exchange like Coinbase and Binance. She is primarily based in Southeast Asia and graduated with a degree in Information Design. Imagine if mainstream brands started using the RadioShack protocol for their future crypto projects. With Atlas USV's treasury, the RadioShack ecosystem expects a constant inflow of third-party tokens through bartering. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. But, how exactly is RadioShack becoming more than just a online store, and how does crypto play a role in its next move? 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. RadioShack has a somewhat clearer plan for its project. Wendy's chicken nug. The company is now making a gamble to pivot its brand to DeFi and survive the next 100 years or die trying. . The moment of mass adoption among even the most skeptical consumer. The goal is to 'bring cryptocurrency to the mainstream' using the well-known consumer brand. Easily convert RadioShack to Aruban Florin with our cryptocurrency converter. You can join a waitlist to be notified when the RADIO token launches. Share. See our ethics statement. RadioShack, the company that sold consumer electronics for decades, is shifting its focus to DeFi and launching a new crypto token. Role of PODL in RadioShack Swap. Does this old dog have one more trick left? Too many focused on speculation and not enough on making the old-school customer feel comfortable. The Starfish Topology (RADIO Token's Primary Utility) Multi-Tier Starfish Topology (MTST) Cross-Chain Strategy. 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. 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. 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). Currently Crypto has no well-known brands over even 15 years old. RadioShack didn't provide a date of when it will open up its exchange, but there's a waitlist for those interested can join. Regardless of the amount of documentation available, for now the details around this blockchain venture seem less than clear. Overview. RadioShack is on the decline this week. 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. 2022 CNET, a Red Ventures company. In 2018 camera company Kodak announced KodakCoin, which was supposed to be part of a blockchain-powered rights management platform for photographers. 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 price declined by 0.30% in the last 24 hours. 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. In just the past hour, the price grew by 0.06%. I hold two degrees: a Bachelor's degree in Computer Science and a Master's degree in Games Development. Bloomberg News reported earlier this . DEX 1.0 and Rented Liquidity. But for now, the goal is apparently to get other companies on board by trading on a well-known name. 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. The Sam Bankman-Fried apology tour continued this week, despite a number of high-profile lawyers including one who . The health and safety of our customers is a top priority. Examples of this kind of protocol similar to RadioShack DeFi are Uniswap and SushiSwap. The display of third-party trademarks and trade names on this site does not necessarily indicate any affiliation or the endorsement of PCMag. Easily convert RadioShack to Aruban Florin with our cryptocurrency converter. The official Twitter account of RadioShack has caught attention over profane tweets, and on . 1996-2022 Ziff Davis, LLC., a Ziff Davis company. 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. 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