HOW BEST CAN WE CONVERT OUR LOOSE CHANGE INTO VIRTUAL CURRENCIES?

in #cryptocurrency7 years ago (edited)


Hi,
Have you not come across this upcoming project? Digitize Coin: Converting loose change into virtual currencies?
I personally feel that the major challenges that are constantly faced in dealing with loose change, as well as the challenges in transitioning from a cash-based economy to a digital economy has come to an end by Digitize solution, with focus on creating a frictionless platform for purchasing digital currencies and supporting the inevitable global shift to digital currency.
Giving the associated advantages for governments, businesses, and consumers, a shift away from cash to digital forms of currency and payments seems inevitable and a benefit to nearly all market participants.
Consider a drastic reduction even total elimination of the inherent cost of producing and handling physical cash in the world economy today. This is really considerable and in most cases are way higher that even the worth of these coins in itself. With this project, the cost burden on government is entirely a history.
Consumers may never be bordered about the losses associated with the use of physical cash. Even coins not counted out. Most consumers complain all through, they are tired of carrying coins as well; certainly a better alternative and a more promising economic environment is assured with Digitize Coin solution.
Perhaps, this shift to a digital economy has been initiated with the invention of Bitcoin in 2008 which seemed to offer a pathway for this shift, yet, the ease of purchase still pose a major challenge due to the technicality involved in obtaining this cryptocurrency.
With the high cost of physical currency and a clear trend of moving to digital currency, there is a compelling need for a simple and seamless platform for consumers to be able to simply and quickly exchange physical currency for cryptocurrency, which we intend to solve with the Digitize platform.
Digitize is an ecosystem which will provide users with a digital wallet, and allow them to save their loose change and cash digitally, at the point of a transaction. Digitize removes the need to carry loose-change and promote the transition from a cash to a digital based economy, which will reduce physical currency manufacturing cost, as well as reducing the challenges associated with physical change.
The Digitize Coin token is a core component of the Digitize Coin ecosystem and is designed to facilitate transactions and operations on the Digitize network. All applications and tools that support Digitize tokens will enforce high level of security, including two-factor authentication. The token balances and transfers will be tracked by Digitize. In the case of any unauthorized transactions, such as large token theft, contract compromise, or a disrupting change of Ethereum protocol, Digitize Coin may opt to freeze token transfers and issue a new token contract with balances replacing that of the original token registry by certain date. In the case of an Ethereum fork, Digitize will properly announce which branch it will support and also Digitize Coin tokens will be able to be exchanged for local currencies, and other popular cryptocurrencies. However, change deposits and payments on the Digitize Coin ecosystem will only be accommodated with Digitize Coin tokens.
Check out Digitize Token at the Contract Address: digitizecoin.eth
Or join this awesome project through:

bountyhive.io/r/abjgroups

https://digitizecoin.com/

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that was quite in-sighting and an awesome project indeed

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