Tai Lopez has a colorful past to say the least, with a lot of controversies surrounding his name. People who have been following his career, have called him out in the past for his “get rich quick” schemes. Tai is however a well-known figure in the crypto community, he’s been promoting the concept of cryptocurrency and blockchain technology for a while now, and his involvement in the new RadioShack project is something that is very much inside his sphere of influence.
Specific and detailed information about the future of the brand is not widely available, however, there have been announcements and rumors suggesting that, while the company will not abandon its retail operations, for the time being, a part of the brand will pivot to become a cryptocurrency business. The new venture is called RadioShack DeFi, and, as the name suggests, will be focused on decentralized finance, and their self-proclaimed mission will be to “Lead the way for blockchain tech to reach mainstream adoption by other large brands”.
The team claims they will start this mission by building a token swap platform, a platform that allows people to freely exchange cryptocurrencies and tokens without the need for a centralized intermediary. These kinds of platforms are currently very popular within the crypto-sphere as they solve the problem of having to trust a third party (usually a company) with your funds and information, and also because investing in them has been alarmingly profitable for some of the current players in the market.