The London-based cryptocurrency startup Referral Foundation, the organization behind ReferralCoin, is in the process of introducing its blockchain technology to the network and Multi-Level Marketing industry, worth an estimated $178 billion-dollars. Referral marketing is widely used for promoting goods and services, yet it has not benefitted from recent developments in technology. ReferralCoin is designed to offer solutions to fit the market’s needs.
Rather than being a digital currency, ReferralCoin is a cryptocurrency-based payment system. The ReferralCoin network allows companies and businesses to handle complex pay-out structures and make transactions of any size to anywhere in the world whilst providing all the typical benefits of cryptocurrencies like transparency, ease of use, negligible transaction fees and so on.
In order to facilitate the use of ReferralCoin, the foundation has forged partnerships with some of the technology providers and other organizations in the industry. A collaborative effort from all the players in the industry will enable faster adoption of ReferralCoin-powered digital currency technology.
The Referral Foundation has started the initial distribution process for ReferralCoin. The digital currency is now available for purchase on Canadian cryptocurrency exchange platform Coinsquare. Investors have the option to purchase it either signing into their Coinsquare account and using their account balance or by sending bitcoin to an address mentioned on the dedicated ReferralCoin purchase page.