PHYSICAL CURRENCY CHALLENGES
With the multiplied range of governments and central banks wanting to change their national currencies, it reinforces the disadvantages of physical currencies and also the wide scale edges of digital currencies (Young, 2018). One of the crucial factors in moving away from physical currencies is the large value concerned in producing notes and coins. A report printed by CoinDesk estimates the global production value of notes in 2014 as $26.5 billion USD and $1.5 billion USD for coins. These figures area unit extrapolated solely from the materials and labour operational prices required to manufacture currency, and don't contain the other factors like environmental implication and energy prices.
Surprisingly, a number of the coins value additional to provide then they're truly value. Statistics from the US Federal Reserve Mint show that each the nickel and penny value additional to create than they're value.A quarter, worth 25¢, solely prices 9¢ to create whereas a dime solely prices regarding 4¢. On the different hand, a penny prices one.66¢. The nickel, with a face worth of 5¢, prices 8¢ to manufacture. It will be noted several government bodies area unit budgeting billions of greenbacks annually in the production of physical currencies, while majority of the population area unit additional inclined to move away from physical money to digital currencies (These Coins value additional to create than they are value -Wall Street Survivor journal, 2018).
TEAM expertise
Digitize founders and team members have firsthandpractical expertise operating inside the IT and banking business. The team has in depth expertise operating with payment systems in each side infrastructure and front finish user style.The team conjointly has in depth expertise with digital currencies, and understands the behaviors influencing client push towards digital currencies.
GLOBAL BLOCKCHAIN MARKET
The Blockchain market is one of the largest technology markets in the world, it is anticipated to succeed in $7.74 billion USD by 2024.
The increasing demand from monetary services, healthcare, client merchandise and technology is anticipated to drive this ascension.
The Blockchain business is reaching a worldwide tipping pointof adoption, with abundant of its growth expected to return with start-ups and new adopters of the technology.
CRYPTOCURRENCY MARKET
The recent exponential rise in the cryptocurrency market is expected to increase the market to $10 trillion within the next fifteen years.
The increase in demand for Blockchain technology, as well as increase in capitalist demand for cryptocurrency is driving the sudden and in progress market cap increase.
Mainstream adoption of cryptocurrency is insulation, mostly due to quality of buying
Complexity
One of the hardest issues in crypto is however to cut back the quality of dealing with cryptocurrencies. Currently, in order to get or hold cryptocurrencies, generally involves registering at associate degree exchange, wiring funds, and setting up a pocketbook. These steps, for those not familiar with the crypto-currency market, will be difficult. change solves this drawback through many user layers together with a mobile pocketbook and thought adoption.
OVERVIEW
The change scheme can become the primary world localised client scheme helping the transition to virtual currencies through the conversion of loose modification.Through change, consumers will have a platform to convert and exchange their loose modification for Ethereum to speculate in a crypto index token. change conjointly offers retailers a rewards platform, wherever they will award feedback rewards or provide discounts through the utilization of change tokens.To become associate degree scheme participant, a user downloads the change mobile application, which can be out there on all in style app stores. The user then creates associate degree account on the change platform, either as a client or a merchandiser. throughout the registration, the user can bear an entire understand your client (KYC) and anti-money lavation (AML) then the system can create a user profile and a pocketbook for the user. every user are going to be supplied with a pocketbook that preserves all information in the localised information and permits interaction with different parties, utilizing sensible contracts. we tend to decide to conjointly place the change token on crypt analytic token exchanges, giving a chance to overtly get them (to residents of nations wherever the acquisition of digital tokens doesn't violate native laws)
ROAD MAP
FOR MORE INFORMATION
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