Digitize, a forum which can convert loose change into virtual currencies

Looking at this new forum, Digitize, I have seen that it is enabling the mainstream adoption of cryptocurrency through the conversion of loose change. This is beneficial in many ways in our new current cryptocurrency dominated market, mainly because I can see that it will create a simple and seamless application that will allow the consumer and company alike to be able to convert their loose change to their cryptocurrency of choice. Digitize is in itself an ecosystem which will provide users with a digital wallet and allow them to save their loose change and cash digitally, at the transaction point. I can see that this ecosystem will strengthen the cryptocurrency market – it will in itself bring additional revenue streams into the cryptocurrency arena.

The main goal of Digitize is one that will allow the mainstream adoption of cryptocurrencies to audiences that may have little or no knowledge of such things, including the use of the blockchain. The premise of Digitize is one that will offer a simple and easily downloadable application that is accessible to all forums and will be widely available on many areas, such as the Itunes App Store, or Google Play.

As we know, the blockchain is a distributed ledger technology and has been used for thousands of crypto-currency and non-cryptocurrency applications. Digitize and its platform is one that will be a decentralized marketplace, that is open to all retailers, and offers tokens for sale, carry-out promotions and make it easy for feedback to be received from consumers. The appeal of Digitize is that it changes the process from a traditional cash-based purchase – where previously one has seen the consumer make a purchase and then the retailer provide change for the transaction, digitize will offer the consumer the choice to be able to have some or all of the change converted to digitize tokens. The payment process is clearly an innovative one and for consumers, this carries many incentives and benefits, not least the fact that it means they will be able to use Digitize tokens to purchase goods and services, and the bonus that money will no longer be lost on the form of change.

HOW TO DIGITIZE WORKS GRAPHIC

The appeal of the Digitize Forum is that it offers rewards to the retailer, as well as the consumer. The payment process is clearly an innovative one and for consumers, this carries many incentives and benefits, not least the fact that it means they will be able to use Digitize tokens to purchase goods and services, and the bonus that money will no longer be lost on the form of change. The ease of having digitized as a mobile application is one that is multifaceted and extremely beneficial to all who use it.

MOBILE APPLICATION GRAPHIC

Not only will digitize to provide for the consumer and their change needs, it also provides for the business with its business application. There is a dashboard setting which allows the business owner to view what tokens they have as a balance, and the value and the value of other business across the digitize platform that they may wish to cross-market with.

I have seen in my research that as we know, the cost of producing and handling physical cash is considerable. Smithers-Pira estimates that the global market for security printing will reach USD $35.3 billion this year (McCook 2018). Physical cash is not only expensive to produce and maintain, it can also be a source of loss for consumers, especially in the form of ‘loose change'

We know that the cryptocurrency market is forecasted to become worth $10 trillion within the next 15 years, and it would make perfect sense that to utilize the best of this currency and not experience the phenomenon of ‘lost loose change', digitize is the way forward in converting loose change into cryptocurrency. Coins themselves cost more to produce than their worth – statistics from us federal reserve show that, while some coins are cost-effective, the nickel, with its face value of $0.05 actually costs $0.08 to produce, and this is one of the most widely used coins. Moving away from physical cash transactions, and utilizing Digitize and its application would mean that the profits would remain with both consumers and sellers alike.
The founders of the Digitize application have firsthand experience working with both the IT industry and the banking industry. For me, this gives the reassurance of a many-layered experience and understanding of the new cryptocurrency world.

Digitize will provide a mobile wallet facility which will solve the challenge of handling public and private keys. I can see it eliminating the need for a long and complicated the blockchain public key, and indeed it may give users the benefit of using an easier, password-based system, one which they are familiar with. Anything in my eyes which enables and promotes the mainstream adoption of cryptocurrency is one that is valued, valid and worthwhile.

Digitize Coin Website

Digitize Coin BTT Thread

My Bountyhive Referral (Username: Carpgoth)