RadioShack Enters The Cryptocurrency Business

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RadioShack, the prominent tech retail chain, is bringing cryptocurrencies into the mainstream.

RadioShack decentralized finance (DeFi) is the retail chain’s latest venture as announced on its website last Sunday. The company will soon allow users to exchange tokens with each other instead of using a stock exchange like Coinbase and Binance.

Once RadioShack DeFi is fully operational, users will be able to swap their crypto-tokens in the absence of another entity that will handle all transactions, thanks to smart contracts across the ethereum blockchain, which are very similar to the protocol currently used by Uniswap and SushiSwap.

There are now more than 400 RadioShack stores in the United States. The chain was acquired in 2020 by Retail Commerce Ventures, a holding company that also owns the Atlas USV DeFi Protocol used for the RadioShack DeFi.

RadioShack announced that there is already a waiting list for interested parties to participate in the exchange. Once launched, users must link their digital wallets to RadioShack DeFi to begin trading.

For more information, read the original story in CNET.

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