Successful business owners are the ones that find out new opportunities and become one of the early players in that niche before it gets saturated.
In the traditional business setting, fiat currencies like the United States Dollar (USD) and Euros are mainly used for transactions.
That is why many financial institutions and even business owners became scared to the marrow following the release of the whitepaper for Bitcoin and the subsequent launch of the Bitcoin cryptocurrency (BTC).
Ten years down the line, the hostility is gradually turning to awe, as many financial institutions and companies are becoming interested in understanding how Bitcoin and other cryptocurrencies work.
As touted in many quarters, Cryptocurrencies will be the future of money. That is perhaps the reason why Reed Elsevier is taking the lead to become one of the United States-based companies to start using cryptocurrencies.
You will agree with me that the United States is not the friendliest of countries for people who want to invest in cryptocurrencies.
So, it is a bold move on the path of Reed Elsevier to launch its native cryptocurrency called Reed Elsevier Coin with the ticker $RELX.
This article explains why the company took that move, and some of the features we should expect from the cryptocurrency.
A COMPLETE USA DEDICATED TOKEN
The Reed Elsevier Coin (RELX) is acclaimed as The World’s Best Complete USA Dedicated Token for many reasons.
The first is that it is one of the first cryptocurrencies to be launched and adopted by a United States company.
The second is that the coin is designated for use within the Reed Elsevier group of companies, meaning that only a few investors would be able to get their hands on it.
The third and most important is that the Reed Elsevier Coin (RELX) will later become the Next Generation Digital Asset for Social Investments because of the inclusive nature and huge fundamentals backing it.
Besides, the use case is enormous, considering that it will be used for some of the payment and transactional systems within the Reed Elsevier group of companies.
A RELIABLE OPEN BUSINESS ENVIRONMENT
Cryptocurrencies may be decentralized, but they are not entirely safe from manipulations. We have seen cases of pump and dump schemes, as well as shitcoins that were launched to entice investors who later lose money when the investment turns out to be a scam.
The same plays out every day both on cryptocurrency trading platforms (centralized and decentralized exchanges) and liquidity pools/Automated Market Makers like Uniswap and Pancake Swap.
However, the Reed Elsevier Coin (RELX) is here to put all those away via the use of a reliable, secure, trustless, and open business environment. I am talking about no other business environment than the blockchain network that enthrones transparency.
WRAPPING UP
I think that the launch of the Reed Elsevier Coin (RELX) came at the right time because the cryptocurrency community needs more institutional buyers to prove that those currencies work.
The Reed Elsevier Coin (RELX) will create a different use case of being a primary transactional value for business transactions in the Reed Elsevier Coin group of businesses.
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