Redemption Technologies - A step towards mainstream adoption of cryptocurrency?

As bitcoin, the unstoppable train, rumbles relentlessly on, cryptocurrency is starting to reach a far more mainstream audience. However, convincing your average Joe in the street to trade in their hard earned fiat is a tough sell. Consequently, Bitcoin is still estimated to be in the early adopters stage.

The emergence of technology that gives Bitcoin value in day to day life is key to its continued success. Redemption Technologies .Inc is one company aiming to do just that.

Redemption Technologies Inc. is a worldwide open e-commerce marketplace platform allowing users to pay for conventional goods and services with cryptocurrency, even when cryptocurrencies are not accepted.

The concept is simple. The redemption technology platform will primarily offer discounts from local merchants, in a similar manner to the 'Groupon" model. Redemption profit by charging a fee to the seller for advertising and processing the transaction.

However, the big leap is that you will pay for discounted goods and services using the DEEM token.

Currently, most high street sellers are not in a position to offer cryptocurrency as a payment method. With Redemption Technology, the seller does not have to deal with the cost and inconvenience of integrating a new cryptocurrency payment infrastructure. Rather, Redemption deals with your cryptocurrency transaction and the seller gets payed in fiat. By bridging this gap between real life purchases and the more obscure world of cryptocurrency, Redemption will be making cryptocurrencies more desirable to the general public.

Not only is that prospect incredibly exciting, they are also rolling out their software as open source. The plan: allow app developers over the globe integrate this technology into their products. This will give Redemption access to a huge customer base with minimal time and effort.

Despite the hurdles, for example the extreme volatility, mainstream adoption of cryptocurrency is an incredibly exciting prospect. Companies such as Redemption Technology are crucial to bringing cryptocurrency to peoples attention and it is important that this innovation is supported by the whole community. As a product, Redemption are 90% there. The technology is the final testing stages and will be rolled out for customers in the Florida area shortly. I for one will be watching the launch closely. Is the public perception of cryptocurrency such that it can be trusted with conventional high street purchases? Time will tell.

For more information about Redemption Technologies .Inc, their development team and their business model visit their website: http://redemption.cloud/index.html and view their WhitePaper. There is also a great radio interview there, where they answer questions about their product and give you exclusive access to the DEEM token pre sale.