RadioShack resurrects as a cryptocurrency company
TechRadar reported that RadioShack has been revived as a cryptocurrency company after it was obtained by Retail Ecommerce Review (REV) in 2020. Tai Lopez and Alex Mehr, the owners of REV, aims to leverage the brand recognition of RadioShack to bolster the mainstream appeal of cryptocurrencies.
The new RadioShack website explained that by utilising decentralised finance (DeFi), the company hopes to bridge the generational gap between leaders of companies and cryptocurrencies.
Lopez and Mehr intend to accomplish this feat by teaming up with Atlas USV to develop a crypto transaction service to exchange existing cryptocurrencies into DeFi via DeFi swap. RadioShack then earns revenue from these swaps.
RadioShack is partnering with Atlas USV because the company was also created by Lopez and Mehr. Thus, the company claims that this relationship is advantageous as it provides swap efficiency since the liquid pool of Atlus USV is ‘owned not rented’.
To support this new business direction, RadioShack provides many documents that explain the new DeFi swapping platform and how Atlus USV is superior to alternative crypto swaps.
