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DISTRESSED DAILY: RadioShack Embraces Crypto in Latest Pivot

Jan. 14, 2022, 1:03 PM

Of course RadioShack is trying to rise from the dead with cryptocurrencies.

The century-old retailer is known to nerds of a grayer vintage for gadgets, electronics parts and batteries. That didn’t pan out as RadioShack, like so many other brick-and-mortar retailers, succumbed to online commerce. It filed for bankruptcy in 2015 and yet again in 2017.

Retail Ecommerce Ventures LLC bought its brand and assets in November 2020. Last month, RadioShack said that it’s “bringing cryptocurrency to the mainstream” by becoming an exchange.

“Despite its pullback in the last 10 years, the brand is resolutely embedded in the global ...

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