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Silk Road Reloaded to Add New Altcoins as Payment Option

Avatar Yashu Gola 5 years ago

Newly launched underground marketplace Silk Road Reloaded (SRR) recently added new altcoins to its platform and announced to integrate them all to its checkout process.

On its website, the online drug bazaar has listed Anoncoin, BitBar, Dopecoin, Potcoin, BitcoinDark, Quark and Reddcoin – all slated to join as the site’s go-to payment options to purchase a series of illegal goods. SRR is already accepting Bitcoin, Blackcoin, Dogecoin, Darkcoin, Feathercoin and Litecoin as payment options. The site administrators are also open about adding more altcoins on request.

The online marketplace has integrated a special online conversion tool that accepts payments in aforementioned altcoins, but converts them all into BTC before sending it to the receiver’s wallet (by charging a conditional 1% conversion fee). Thus, the liquidity on this particular marketplace is relatively higher than the others. This might turn out to be one of the major factors of SRR, especially when every dark market out there is aiming to fill the empty seat left by the previous Silk Road(s).

Meanwhile, the soon-to-be-added altcoins are also overwhelmed to have received some brand recognition after all. A senior member of the Dopecoin community writes:

“As you might have expected, it [Silk Road Reloaded] is getting some good press in the national headlines and this will only booster Dopecoin’s brand recognition and national exposure which is needed to stand out as a premier coin in this niche space. We feel this is the perfect fit for what we had envisioned.”

Silk Road Reloaded was launched earlier this month, and sells drugs, fake money and IDs, hacking tools and fake clothing. It though avoids selling much darker stuffs like weapons and stolen credit card information – a drawback if compared to its competitor Evolution that sells them all in the open.

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN...

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