The Digitize ecosystem will become the first global decentralized consumer ecosystem assisting the transition to virtual currencies through the conversion of loose change. 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.
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. Digitize Coin & the Digitize ecosystem will also strengthen the cryptocurrency market by bringing an additional revenue stream into cryptocurrencies through loose change. Although majority of the western world is adopting digital payments, many developing nations are still widely run on cash transactions. Digitize aims to assist in the transition of cash into digital wallets; we will target the South Asian markets where cash transactions are dominant, in an aim to assist in the transition towards digital wallets.
The Digitize platform will be a readily available mobile application which can be downloaded by virtually anyone. Digitize will offer a range of online tutorials and manuals for the public to view and understand the operation of the application and platform. Saved digitize tokens can be used as payments to registered retailers, used to exchange into other cryptocurrencies, invest into the crypto-index or withdrawn for local currencies. Users will be undergoing complete KYC to ensure regulatory compliance. Digitize is targeting the general public and consumer directly by solving a real world problem. Most cryptocurrencies today are tech heavy and hard to understand for the average consumer which is a barrier for the mainstream adoption of the technology. We plan to solve this by developing a service that helps consumers convert loose change to virtual currencies and remove the frustration of carrying and saving loose change entirely. By making this process a simple and seamless experience we can help bring the public into the crypto world, one coin at a time.