Everyone has had a bad experience with loose change. Perhaps you’ve lost loose change that you intended to use. Or maybe you spent valuable time reaching your hand in the couch trying to dig up change that fell out of your pockets. Handling loose change can be frustrating, and in an increasingly digital system, it might be unnecessary. That is what the cryptocurrency project Digitize is betting on. Digitize believes that the global economy is moving to a digital system where a physical currency is rarely used. That is why the platform wants to help users convert their loose change into cryptocurrency at the point-of-sale. This could be revolutionary because it will help people avoid the frustration of loose change while driving meaningful adoption of cryptocurrency.
Converting Your Change Into Dollars Is Difficult
Have you ever tried to convert your loose change into dollars? It is pretty hard, isn’t it? In Australia, converting your change in AUD means going to a bank or trying to stuff all of your change into one of those machines that convert change into cash. The problem is that going to the bank is tedious and time-consuming and the change-for-cash machines typically take a huge cut, somewhere around 15 to 20 percent of your money. Converting your loose change into cash is hard, and that’s why Digitize has such an opportunity in this market.
Digitize Could Speed Up Crypto Adoption
The crypto market has seen massive gains over the past year. But mainstream adoption has still eluded the market. That is because, despite the innovation by the crypto community, everyday people have yet to see a use case for cryptocurrency. That is where Digitize can change things. Digitize has a real use case that impacts everyone. Everyone has had a problem with their loose change in the past. Mainstream Digitize adoption will help cryptocurrency because the DTZ token can be converted into Ethereum (ETH) in the Digitize app. This ETH can be sent to exchanges or other wallets in order to make other cryptocurrency payments or investments.
Why People Are Going To Switch To Digitize
The world is switching to a digital environment. For money, that means less physical currency. People who handle physical currency are going to want an easy way to convert it into a digital form. Digitize allows everyone to do that easily, with the option to convert their DTZ tokens into ETH, the second biggest cryptocurrency by market capitalization. Digitize will allow individuals to get into crypto without making a huge investment. They can just use their spare change.
The Digitize team has already done a pretty good job of getting more people to learn about the project (https://bountyhive.io/join/Digitize%20Coin). Significant mainstream adoption still might be a few years away. But if Digitize is successful, then it could become the go-to option for loose change conversion into cryptocurrency. If that happens, then Digitize could be one of the largest cryptocurrencies on the market. Cryptocurrency experts believe in Digitize, and the team is one of the hardest working in crypto. A success for Digitize likely means disruption for the entire loose change industry.
Written by: liveheart
BountyHive ID: liveheart
Hey @icomasterether, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! Cheers :)
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