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Over the years the means of exchange and spending has evolved as man began to seek for new means of transacting from day to day. As he uses a means of transaction and gets to know it disadvantages, he moves over to creating a new means which will totally or partially disrupt the use of the previous means. For the sake of this article, we will take a look at two major transistions and three means with some of their disadvantages and downside:

Physical cash and coins?

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The cost of producing and handling physical cash is very high. Some coins cost the government much more than their worth.
Handling physical cash poses risk of loss, especially the cash getting destroyed due to storage inadequacies. Accidents of different causes like fire, storm etc. can lead to total destruction of physical cash and thus a big loss to the owners. Its saddening how many people in the world have been made poor or turned into debtors because the monies in their possessions gets destroyed. Handling physical cash also poses many other risks like cases of having fake money, which to lay men does not have a way of noticing which is genuine. They only get to know when they spend these cash into banks where they are accused of handling fake currencies which doesn't originate from them. Armed robbery attack becomes a easy way of defrauding people with physical cash in areas where security may not be as high. Many people in so many countries of the world today do not wish to use coins because of it weight. You can imagine carrying coins equivalent of cash that you carry each day - it becomes tough. In some countries like Nigeria the use of coins though approved by the government has become obsolete because of the disadvantage. You will not find anybody trading or accepting coins anywhere.

Cards?

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The invention of the digital cash (example cards or cashless transactions) has helped a lot of people in many countries against the disadvantages of the physical cash. Since it invention, it has known a very wide range of adoption and application in many fields. Except if totally necessary people now prefer to use cards for most of their transactions. Though it becomes a very big challenge when it comes to cross-border transfers and transactions. The methods of transactions for cross-border carries a very high transaction fee that people have no other choice than to go with. Talk of the monthly maintenance fees of cards, it poses a lot of challenges to people who use it frequently. Cards are also easy to spoil, though an expiry date of two to five years on the average are given to cards, but people who use it in their transactions frequently have had to replace them before their expiry date.

Blockchain technology and Cryptocurrency

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The blockchain technology and cryptocurrency (starting with bitcoin) came into the scene over a decade ago with surplus or multiple solutions to other means of transactions in existence before it. It does not have the disadvantage or risk of getting spoilt as it is digital, neither is it easily stolen as each person is given a private key. Handling it is so simple as it is not physical. There are no monthly charges and the transaction fees are not distance dependent, meaning that the transaction fee for cross-border transactions are not different from the transactions within the country. In terms of security, it is the best as it does not work on a centralised system but on a decentralized or distributed ledger system. Later people began to see that the blockchain technology is not only applicable for transactions but for other purposes which has found use over the time.

Despite the immense advantages that the blockchain technology brings the rate of adoption of the technology is very slow as many see it as being complex. It has been seen as being only for the technical geeks who understands it operation or possess the complex knowledge of the blockchain. Handling of long private key scares so many.

With the move of attention of the public from fiat to cryptocurrencies, there is a need for loose change, seamless, quick and easy exchange from physical cash to digital coins.

DIGITIZE COIN

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Carrying coins in your pockets or wallet can be frustrating and uncomfortable for most. Further, purchasing of cryptocurrency can be daunting for the average consumer and the cost of producing, transacting in, and carrying physical currency is high. Digitize allows consumers to instantly convert spare change to crypto at the point-of-sale making it easy for consumers to purchase crypto as well as save change into a digital piggy bank.

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Digitize coin provides a digital wallet which promotes transistion from cash to digital currency to reduce the cost of production of physical cash to reduce the cost of production for governments.

Digitize coin comes with a mobile application which is downloadable by anyone with any smartphone. The application holds the digitize wallet or coin, which is very easy to use for anybody.

The digitize wallet comes with a password-based system instead of a long private key system of the blockchain which makes things complicating for so many. It will also come with finger print and face detection technology for an extra layer of security. This is in a bid to accelerate the mass adoption of the digital currencies.

Users of the digitize wallet will go through Know Your Customer (KYC) and AntiMoney Laundering (AML) processes to ensure regulatory compliance.

Digitize Token

Digitize tolens are saved in the wallet and can be used for transactions. They can also be converted to other cryptocurrencies and used for investments or changed in to local currencies.

Token details and sales details:

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Rewards

To encourage users to preach the gospel to others for adoption, digitize coin allows users to earn refferal rewards for inviting other users. Retailers on the platform can also incentivize surveys to get feedbacks from users.

For further information on Digitize coin, you can Visit:

Website

Whitepaper

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Thanks for reading. I am @ayobami99 (bountyhive username: Ayobami). You can reach me on bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1848386;sa=summary and you can join me on bountyhive here