Blockchain Startup Referralcoins Wants to Drive Blockchain Into MLM Sector

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ReferralCoins, recently released by the Referral Foundation plan to optimize payment flow for network marketing organizations by offering Instant transaction processing – allowing faster turnaround for order fulfillment resulting in improved overall customer experience and an increased bottom line. 

The duo is is opening the doors for the MLM community as a whole, to interact between each other.

“The ability of each MLM company, new and existing, to offer and accept a dedicated digital currency for their own company creates a new and improved way of doing business,” stated a press release.

Members have the ability to earn and or purchase coins and use them for products and services not only for their personal membership, but to also have the ability to trade them for other coins from other MLM companies. This allows synergies that have not been offered to date.

ReferralCoin has been designed to intertwine with Multi Level Marketing Companies existing infrastructure to allow ease of use for both Company and Affiliates.

The referral economy has transformed and expanded exponentially since the spread of social media. Network marketing is a $178 Billion-dollar industry with millions of global participants. The network marketing business is vast and complex with its own set of unique challenges, covering all aspects of products and services. ReferralCoin was created with these unique challenges in mind.

Network marketing is unique in its economic structure. Using digital money can significantly and positively benefit this industry in a multitude of ways. Notwithstanding the obvious cost-savings optimizations. 

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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