Exclusive cryptocurrency empowers merchant communities to pay and be paid their own way. Exciting news! READ ALL ABOUT IT
Reported by Dustyn Brewer
Las Vegas – January 22, 2019
GunBroker.com, the world’s largest online marketplace for hunting, outdoor sports, and firearm products, is offering its millions of users a better, faster way to buy and sell online by introducing FreedomCoin, a regulatory compliant cryptocurrency. This secure digital payment option is more convenient and typically less expensive than money orders, credit cards, and other digital wallets. As companies such as PayPal turn their back on legal firearms sales, GunBroker.com is moving to empower the users on its site to complete simple, trusted transactions as they see fit.
GunBroker.com users can buy FreedomCoins with U.S. dollars and store them in personal, secure blockchain wallets until needed. Buyers and sellers can choose to accept and use FreedomCoin for transactions on the website.
“We’ve heard the pain points of our merchant community. GunBroker.com is tapping blockchain technology to replace the need for other costly and time-consuming payment options,” explained Patricia W. Huff, Director of Marketing at GunBroker.com. “FreedomCoin represents the future of payments and an opportunity for people to use regulated cryptocurrencies for everyday purchases.”
The digital wallets are powered by BitRail, a blockchain-backed infrastructure that enables organizations to operate regulatory compliant cryptocurrencies for payments. Users can quickly convert funds from dollars to FreedomCoin and back again though an easy-to-use app. The platform provides the same buyer protections as credit cards but includes an additional layer of security through blockchain verification, two-factor authentication, and price volatility management.
“Unlike the cryptocurrencies you hear about in the news such as Bitcoin or Ethereum, FreedomCoin is a stable coin pegged to the dollar,” said Jay Zwitter, GunBroker.com Director of Sales. “FreedomCoins will not lose value after you purchase them.”
Setting up a wallet is simple and only requires a valid email, phone number, and the last four digits of a Social Security number, which is the same information GunBroker.com already requires. Safeguards built into the platform help prevent fraud and ensure complete regulatory compliance. Information about who buys or sells what will not be openly shared on the blockchain and will remain private.
To get started with FreedomCoin, and to see a demo of how the platform works, visit www.FreedomCoin.cc. If you are at SHOT Show, stop by the GunBroker.com booth: #15147.
GunBroker.com is the world’s largest online marketplace for firearms, ammo and accessories. Launched in 1999, GunBroker.com is an informative, secure and safe way to buy and sell firearms, ammunition and hunting/shooting gear online. GunBroker.com promotes responsible ownership of guns and firearms. Aside from merchandise bearing its logo, GunBroker.com sells none of the items listed on its website. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents.
FreedomCoin is a stable, legally compliant utility token available for simple, trusted transactions on the BitRail infrastructure and supported by the issuing entity FreedomCoin Inc. Based in the United States FreedomCoin Inc facilitates the mainstream adoption of cryptocurrencies by consumers and demands the highest standards of legal compliance. The company adheres to local money transmitter regulations and ensures FreedomCoin is both KYC and AML compliant. FreedomCoin is a stable coin pegged to the U.S. dollar and is the preferred payment method and partner of GunBroker.com.