Riptide Coin (RIPT)

Riptide Coin (RIPT) is a FinTech digital currency designed to provide absolute control over one’s money. It originated from within the Licensed Medical and Recreational Marijuana Industry in 2016 as a solution to the lack of safe banking methods available to business owners and patients. The RiptideCoin software and RIPT are community projects developed by RIPTSoft and volunteers. The token follows the ERC20 standard; all code and GIT work are publicly available. Its primary purpose is to serve as a proof of concept for a community currency token designed for use in the Medical Marijuana industry, addressing the financial challenges faced by legal state-registered MMJ businesses.

RiptideCoin offers several features that make it a reliable digital currency. It utilizes smart contracts that are user-friendly, similar to Ethereum’s adaptions. It provides security for clients and companies, providing a safe exchange in high-risk occupations instead of cash. The coin can be used for peer-to-peer exchanges, and its transactions are trackable, allowing for traceability in accounting software like QuickBooks. By actively using the Riptide System, the community can increase the number of satisfied customers and reduce payment bureaucracy. The ultimate goal is to create a bank solution for the billion-dollar Medical Marijuana industry, ensuring safer business transactions.

The development of Riptide Coin has followed a timeline of key events. Starting with its conception in 2016, private fundraising took place with partners in the medical marijuana industry in 2017. The RiptideCoin was created on the Ethereum blockchain in August of the same year, offering versatility, safety, and speed. The official launch of ripidecoin.com and the availability of the white paper online occurred in September. Since then, Riptide Coin has undergone a successful pre-sale and main ICO and has been listed on the EtherDelta.com exchange. Development of the Riptide software and the D-apps are ongoing to create a marketplace for RiptideCoin and alt-coins.