When i first heard about Digitize platform and decided to understand what does this platform promising, i remembered my childhood. Everyone can remember old times when we were saving our money in the variety of piggy banks. It was enjoyable and our family was trying to show us how to keep our money safe and being husbandry.
Nowadays time is changing due to technology and affects our lives. 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. This is very important point ''cost'' price of coins. Let me explain this; there are some disadvantages of physical currencies cause of cost price of coins. Suprisingly some of the coins cost more to produce than their actually worth so that canalizes goverments and central banks to get rid of the currencies. Actually credit cards take advantage for this issue but if you have to spend cash money, what will you be doing that coins? Therefore Digitize step on this situation, Digitize coins provide to keep cashs in your wallet, It's not limited with wallet Digitize ecosystem , Digitize is solving the problem of loose change by letting you convert it at the point of transaction straight into your own digital wallet and allow you to trade it for Eher or use it for future payments besides platform will use Ethereum netwok.
How does it work? There is a good and simple diagram above , easy to understand.
Digitize targets South Asia market where cash payments are dominant. Looks like a good strategy if we think development on blockchain how South Asian markets reacts. Digitize mobile wallet will use password based system in order to handling private or public keys. In this mpbile application, QR code and blockchain combine to help users to convert their funds to crypto. The Digitize platform will be a readily available mobile application which can be downloaded by virtually anyone on adroid and IOS markets.
Digitize ecosystem have 3 main participants. Platform, Retailers and Consumers.
Platform: The Digitize platform is decentralized marketplace that allows retailers to join, offers token for sale, carry out promotions and recieve feedback from consumers. It enables consumers to purchase crytocurrencies at the point of sale and participate reward programs.
Retailers:Retailers are companies or individual retailers such as local corner shops, petrol stations to large grocery. Digitize ecosystem incentivize retailers to use this platform by providing transactional %2 each time a consumer deposits change into their wallet.
Consumers: Individual will use this application by download and complete KYC process to access the Digitize platform.
Conclusion
Digitize platfrom targets South Asia market which can expand Middle East. The platform has solid infrastructure technology based blockchain that provides privacy,security,easy transfer,keep funds safe and large benefits. They have already reliable retailers on market which is very important. When you check out their team behind this project looks brillant. Large and high quality team members; from retail market, IT engineers and advisors experienced on blockchain technology. Very good combination well educated team. In my opinion, this platform have enough utility to make difference in future.
You can get more information about Digitize with using below web adresses.
Website: https://digitizecoin.com/
Twitter - https://twitter.com/DigitizeCoin
Facebook - https://www.facebook.com/DigitizeCoinICO/
Telegram - https://t.me/digitizecoin
Author: bountyhive.io/join/Social%20Wallet?from=absurde
Bountyhive username: absurde