So the idea of tipping on social media is a great, but in my mind people are always sceptical, especially when money is involved so the idea of a new currency is crazy to a lot of people.
I think too many RDD will get ‘lost’ or forgotten about as people are sent them as tips but never get involved in sending the coins on.
Person A receives 10K RDD in tips, current worth around $0.13. They decide they want the cash from their hard earned tips, however then realise then they have to go to an exchange and signup etc with all the headache that can be, for $0.13, I think they will forget about the RDD pretty quickly.
If there was a site where you can quickly transfer (sell) their RDD to $ hassle free, it think it would be a winner.
I would suggest bank details are out of the question, as I mentioned people are sceptical, but to pay into a pay-pal account, you don’t need much more than an email address.
Your X amount of RDD is worth $1.43.
Send to this address ‘ABC123’ and enter your email address to payout to your PayPal
The biggest issue would be funding the site, obviously the price the RDD are sold for on this site would be a statoshi or 2 less than the going rate for RDD. Therefore anyone interested in buying RDD could put some money into the sites ‘pot’ knowing they will be buying under the current price when someone is wanting to cash out.
I do understand that this is not a perfect solution because it does sort-of go against the idea of mass adoption if people are getting rid of their RDD rather than using it, but for people who are not (yet) willing to get involved with crypto I think it would have them see RDD in a positive light and keep the RDD in circulation rather than in someone’s wallet who decides it is worth the hassle to try to cash them out.
This idea did make more sense in my head before I wrote it out, but hey that’s brainstorming for you.