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RadioShack resurrects as a cryptocurrency company

RadioShack has now been converted into a cryptocurrency platform. (Image: backtothe1980z)
RadioShack has now been converted into a cryptocurrency platform. (Image: backtothe1980z)
RadioShack has been repurposed as a cryptocurrency platform by its owners. The company is joining forces with Atlas USV to create a system to swap cryptocurrencies into DeFi by leveraging Atlas USV's resources. RadioShack's new mission is to bring DeFi to the mainstream.

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.

Buy Ledger Nano S Crypto Hardware Wallet on Amazon

Source(s)

TechRadar, RadioShack (1) & (2)

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Aleem Ali
Aleem Ali - Tech Writer - 72 articles published on Notebookcheck since 2021
I became fascinated with computers from the age of 5 years old, starting with Windows 95. Since then, I have developed a passion for human interactions. After completion of my undergraduate degrees, my interest in technology grew and propelled me to push into new areas. Now, I seek to expand my knowledge of technology, people, and business; and I write articles about new and exciting technology and experiences. I also enjoy gaming and design.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 12 > RadioShack resurrects as a cryptocurrency company
Aleem Ali, 2021-12-23 (Update: 2021-12-23)