cryptocurrency – EarthyRealist.com

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Who Will Become The World’s Crypto Capital? Miami Vs New York

When Blockchain.com was looking for a new home for its U.S. headquarters, it decided to leave New York and move to downtown Miami.

“New York is a great city,” says Peter Smith, the cryptocurrency company’s co-founder and CEO. “But Miami was an easy choice for us.”

Miami’s vibrant nightlife and warmer weather were certainly a draw, but according to Smith, the decision ultimately came down to the city being better aligned with his company’s goals.

“It’s the gateway to Latin America,” he says. “It’s on the East Coast time zone. And more importantly, it’s probably the most excited city in the world about crypto right now.”

Cryptocurrencies are seen by many as the future of finance, and Miami is aggressively angling to become the world’s crypto capital – in a direct threat to New York’s status as the country’s financial hub, threatening New York’s dominance in finance.

Smith credits Mayor Francis Suarez with raising the city’s profile. During his first term, Suarez has gone all in on Bitcoin and blockchain, the technology that underpins it.

Today, Miami has its own cryptocurrency, called MiamiCoin, and last year, it hosted one of the world’s largest digital currency conferences.

“Crypto is incredibly important to the future of the city, and to how we are positioning ourselves right now,” Suarez told NPR in a recent interview. “We really have created the epicenter for crypto.”

RadioShacks Epic Return Aims To Connect Older Generations To DeFi

American retailer RadioShack is shifting its focus from electronics to crypto, claiming that it will be able to bridge the gap with older generations and bring blockchain technology closer to mass adoption.

“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 writes in its proposal.

“The older generation simply doesn’t trust the new-fangled ideas of the Bitcoin youth,” it adds.

The 100-year old franchise recently laid out its plans, announcing the launch of a RADIO token as part of RadioShack DeFi (decentralized finance). Decentralized finance describes blockchain-based protocols that allow people to exchange funds without the need for an intermediary, like a bank.

RadioShack’s DeFi plans will help users trade tokens with each other without having to go through a traditional broker. The project is made possible through the Atlas USV (short for Universal Store of Value) protocol, which allows other applications to be built on it.

RadioShack filed for bankruptcy in 2015 and again in 2017. The legacy retailer was bought by Retail Ecommerce Ventures in 2020, run by Alex Mehr and Tai Lopez, who are also the minds behind Atlas USV. Retail Ecommerce Ventures has a holding company portfolio of a number of established-but-struggling retailers, including Pier 1 Imports, Steinmart, and Dressbarn.

”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,” the company writes.

RadioShack goes on to say that the crypto industry has thus far missed the mark by focusing on “speculation and not enough on making the ‘old-school’ customer feel comfortable.” It notes that there is a “real generational gap” between the average crypto user and a corporate CEO.

“This demographic difference creates a substantial psychological barrier to crypto adoption,” the company says.

While it’s unclear when the RADIO token plans to launch, you can sign up for the waitlist via the company’s website. ”RadioShack, and RadioShack alone, can bridge the gap and ‘cross the chasm’ of mainstream usage for cryptocurrency,” the company claims.

Article Via Rosie Perper @ Hypebeast.com

Donate Cryptocurrency To People In Need With GiveCrypto

GiveCrypto is a nonprofit that distributes cryptocurrency to people living in poverty. By using crypto and blockchain technologies, they put funds directly in the hands of the impoverished and the unbanked.

GiveCrypto connects donors and recipients anywhere in the world. Over the past three years, they have impacted the lives of thousands of individuals and their families via direct crypto transfers.

How It Works

Over one billion people have a smartphone but don’t have access to basic financial services.

At GiveCrypto, they not only identify recipients in need and distribute funds to them. – They also connect those people to a truly open financial system. All it takes is access to the internet.

Crypto democratizes the philanthropic process. They can send cryptocurrency directly to any recipient and that person will receive it instantly. This includes people without bank accounts and those living in places where fiat money is “broken”.