RadioShack, one of the oldest electronics stores in the world, announced that they have established a cryptocurrency and decentralized exchange (DeFi) for their elderly customers.
100. Celebrating its age by announcing that they have established a cryptocurrency and DeFi for its elderly customers, the US-based company aims to bring cryptocurrencies into the mainstream by introducing coins to the elderly customer base who do not “trust” Bitcoin youth.
The following statements were included in the statement published on the company’s website;
“Demographical diversity is a major psychological barrier to cryptocurrency adoption. The older generation does not trust the new fashion ideas of the Bitcoin youth. Remember, there is a real generation gap between the average cryptocurrency buyer (as low as 24 in some countries like India) and the CEO population whose average age is 68. Numerous cryptocurrency companies have focused on speculation, and that’s not enough to make the ‘traditional’ customer feel comfortable. ”
Expressing that they designed a decentralized financial exchange called RADIO to fill the gap specified in the statement, the firm added as follows;
“We are mature to lead the mainstream adoption of blockchain technology by other big brands. ”
RadioShack has changed the name of its website to “RadioShack DeFi”, although it has not yet given a date for when it will open the stock market. The company has created a waiting list for those interested in the project.
