Hello All Readers and Noise Makers,
My self Ali Xiddiqui, I have done MBA/MS Finance in 2017. Now I'm a small investor/trader and full time freelancer as well.
So quickly come to my topic which is a short SWOT analysis of read.cash
First of all, I'm sharing my own reviews/opinion about read.cash
Read.cash
In the category of such social media from where we can also make some cryptocurrency with a lots of entertainments like simple and old version social media platforms. I say that read.cash is better than all of its old and new competitors.
Why read.cash platform is better than its all of its competitors?
A Brief "SWOT" analysis
S = Strength
W = Weakness
O = Opportunity
T = Threats
"S" Strength of read.cash
read.cash is better than all of it competitors because Its allow the user to write what ever he want to tell and about anything, any topic, subject, object and even he can share his experiences, needs or wants , dreams, stories and any type of incidents he want to tell he is allowed to write it in a short form or in the form of full length article. He will receive the encouragement from the robot and the other readers/authors in the form of small and big tips which he can withdraw any time in any of of his favorite cryptocurrency and any of his favorite wallet. Bitcoin cash is its main currency which lie in the top 5 leading coins of cryptocurrency. Another best thing for new users is that from read.cash you can easily withdraw your balance even less than 0.30$ in Bitcoin cash at any external wallet which allow Bitcoin cash to receive.
"W" Weakness of read.cash
But still read.cash has few errors and bugs in its tipping system which that the robot names as @TheRandomRewarder suddenly spams or stops up-votes to many of the new and old users any time without notifying a specific reason or reasons and without notifying the time duration till when it will punish a user/author. In other word there is a lack of excellent support team. I hope read.cash will soon identify and overcome its such weakness to get its competitors far way in its race of efficiency and effectiveness.
"O" Opportunity of read.cash
read.cash has opportunity to make its self a versatile platform to bring an option to upload just a image or a voice message or just a short video clip without attaching any text with it. As read.cash is still allowing to attach images and short or large video clips but in a support of his written article. And one more thing It must bring an option to allow users to upload or attach any article, picture, voice message or a video clip which already published by anyone and anywhere on internet but the read.cash user must mention its proper URL link to protect himself and platform as well. But read.cash claim that it will encourage the original content only by a robotic tips. In this way read.cash can capture more traffic and the more engagement on its platform. The last thing is to bring an option of direct message (in the form of text, emoji, images, or video clip) in between users and support team as well. This will reduce the peer pressure of new comers and will make this platform more user friendly.
"T" Threats to read.cash
Before telling the main threats I suggest the read.cash to bring an option to convert the read.cash BCH balance to USD or any other stable flat currency. In this way the risk of loss of money due to the fluctuation in the rate of BCH will be removed completely and the new comers will not have to create an external E-Wallet and in this way there will be more probability of the circulation of read.cash fund in between the users/authors of read.cash platform via up-voting each other's content. Then at last, there is main threat to read.cash users is the theft and hacking of their read.cash account because of less security measures. I think at least there must be a email and 2factor code verification before signing up and while making withdrawal from read.cash, In this way the users will feel more satisfaction about the security of their fund and they will also feel safe while making decent deposits to their read.cash BCH wallets.
I think there are still a lot of things which can be added to the strength, weakness, opportunity and threats of read.cash but I have to end it because I already told that its just a short analysis not a complete professional report on SWOT analysis of read.cash and may be I have made few or a lot of mistakes while sharing my personal opinion so try to ignore them.
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