While the whole of the Crypto market is gasping for green, REPO, ranked 69th in the CoinMarketCap is making a loud buzz as of now. In fact, Repo Coin (REPO) climbed one of the highest peaks during the three-week time period since December 15th 2018. It is informed that the whole of the trade action arrived from the Stellar DEX, via the REPO/XLM pair.
REPO coin’s whitepaper was initiated with the assertion that the $1 billion-valued auto-repossession industry which is on the verge of a rise. Blockchain technology and Smart Contracts are joining hands to revolutionise the auto-repo industry. They hope to introduce features like license plate-scanners, decentralized tracking of ‘delinquent drivers, and an online store where REPO coins would be acceptable:
“…we aim to grow a large community of users to assist in locating delinquent vehicles on the road faster than has ever before been possible. We will do this by offering licence plate scanning and recognition software through the Repo Coin mobile app, which will decentralize the process of locating assets that need to be recovered.”
It is anticipated that Repo Coin has a first mover advantage in the crypto-based repo space. The document continues to say that:
“When a user scans a license plate, it will be matched against our real-time database of delinquent vehicles. Our users will be incentivized by Repo tokens, which can be used to purchase goods and services on our website.”
Repo coin (REPO) is currently trading at $60,829,335, priced at $0.553202. At the time of writing, it is trending in green at the rate of as much as 103.56% as per the weekly column and 15.51% for the last 24 hours.
It is still not known when the major coins are going to show up truly. But, it can be surely said that coins like Repo are continuously making their way to the finishing line without a stop and 2019 is surely going to be a revealing period for such coins with potentiality.