With the increased number of governments and central banks wanting to digitize their national currencies, it reinforces the disadvantages of physical currencies and the wide scale benefits of digital currencies. Surprisingly, some of the coins cost more to produce then they are actually worth. It can be noted many government bodies are budgeting billions of dollars annually in the production of physical currencies, while majority of the population are more inclined to move away from physical cash to digital currencies. With new technical advancements, digital payments are becoming increasingly faster and preferred payment option when compared to cash, a recent study by the Reserve Bank of Australia shows with retail transactions increasingly move to cards. A big reason for this change is the speed and convenience of contactless payments, which now make up two thirds of all card transactions in Australia.
Further research shows Generation Y and Millennials prefer to not carry and hold cash due to the growth of other payment options. With the introduction of card holders and NFC based payments from mobile phones, more people are moving away from carrying cash, and more specifically, coins.
Also, the Blockchain market is one of the largest technology markets in the world, it is expected to reach $7.74 billion USD by 2024 and the increasing demand from financial services, healthcare, consumer products and technology is expected to drive this rapid growth.
Also, the recent exponential rise in the cryptocurrency market is expected to increase the market to $10 trillion in the next 15 years and the increase in demand for Blockchain technology, as well as increase in investor demand for cryptocurrency is driving the sudden and ongoing market cap increase.
Keeping in mind these factors, the Digitize ecosystem will become the first global decentralized consumer ecosystem assisting the transition to virtual currencies through the conversion of loose change.
CONCEPT
Through Digitize, consumers will have a platform to convert and exchange their loose change for Ethereum to invest in a crypto index token. Digitize also offers retailers a rewards platform, where they can award feedback rewards or offer discounts through the use of Digitize tokens.
WORKING
Through Digitize, consumers will have a platform to convert and exchange their loose change for Ethereum to invest in a crypto index token. Digitize also offers retailers a rewards platform, where they can award feedback rewards or offer discounts through the use of Digitize tokens.
ROAD MAP
TEAM:
Umer Aslam : Founder
Radek OstrowskI :Lead Blockchain Developer
Rehan Ahmad : Business and Legal Consultant
Kent Tran:Platform Manager
VERDICT:
Considering everything, Digitize will make the cryptocurrency space more robust than before by bringing new revenue streams. Having a dedicated mobile app, this platform’s adoption rate will definitely go to a whole new level and will soon become the mainstream tech to convert loose change into digitized cash. And, eventually, if the process of converting change into usable crypto coins works as intended, it’ll definitely bring the crypto world closer to general public. However, as usual, users should go to the project’s website and analyze its credibility before buying some DTZ tokens for themselves.
TOKEN MATRIX
Token:DTZ
PreICO Price
1 DTZ = 0.0002 ETH
Price
1 DTZ= 0.0002 ETH
Bonus: Available
Bounty: Available
Platform Ethereum
Accepting : ETH
Minimum investment : 0.1 ETH
Soft cap : 600 ETH
Hard cap : 10% of total supply
Country : Australia
Whitelist/KYC :KYC & Whitelist
Links
Website :https://digitizecoin.com/