Overview
With the increased number of governments and central banks wanting to digitize their national currencies, it reinforces the disadvantages of physical currencies and the wide scale benefits of digital currencies. With new technical advancements, digital payments are becoming increasingly faster and preferred payment option when compared to cash, a recent study by the Reserve Bank of Australia shows with retail transactions increasingly move to cards. A big reason for this change is the speed and convenience of contactless payments, which now make up two thirds of all card transactions in Australia.
Further research shows Generation Y and Millennials prefer to not carry and hold cash due to the growth of other payment options. With the introduction of card holders and NFC based payments from mobile phones, more people are moving away from carrying cash, and more specifically, coins.Keeping in mind these factors, the Digitize ecosystem will become the first global decentralized consumer ecosystem assisting the transition to virtual currencies through the conversion of loose change.
What is Digitize coin?
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 is aiming to help the world transition from a cash based society, to a digital one. Digitize is targeting the public and consumer directly by solving a real world problem. Most cryptocurrencies today are tech heavy and hard to understand for the average consumer — a barrier for the mainstream adoption of the technology.The Digitize ecosystem will also strengthen the cryptocurrency market by bringing an additional revenue stream into cryptocurrencies through loose change.
How it works?
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.
ROAD MAP
TOKEN MATRIX
Token:DTZ
PreICO Price 1 DTZ = 0.0002 ETH
Price 1 DTZ= 0.0002 ETH
Bonus: Available
Bounty: Available
Platform Ethereum
Accepting : ETH
Minimum investment : 0.1 ETH
Soft cap : 600 ETH
Hard cap : 10% of total supply
Country : Australia
Whitelist/KYC :KYC & Whitelist
TEAM
Umer Aslam : Founder , Umer then went on to complete a double bachelor in Engineering and Business Management from The University of Technology, Sydney. 6 years of experience in the technology space, recently working as a portfolio manager with IBM, managing the Westpac account, one of Australia’s leading banks.
Radek OstrowskI :Lead Blockchain Developer, Radek is a Blockchain Engineer particularly interested in Ethereum and Smart Contracts. He has over 10 years of international experience in Big Data and Machine Learning projects.
Rehan Ahmad : Business and Legal Consultant,Rehan has over 8 years of experience in the legal sector along with managing multiple businesses.
Kent Tran:Platform Manager,Kent Tran is a technology professional with four years of experience working with and advising enterprise-grade clients on various aspects of cloud computing covering devops, web development, cognitive computing and machine learning.
VERDICT
Digitize is the official entity that creates the Digitize tokens, platform and technology. Considering everything, Digitize will make the cryptocurrency space more robust than before by bringing new revenue streams. Having a dedicated mobile app, this platform’s adoption rate will definitely go to a whole new level and will soon become the mainstream tech to convert loose change into digitized cash. And, eventually, if the process of converting change into usable crypto coins works as intended, it’ll definitely bring the crypto world closer to general public. However, as usual, users should go to the project’s website and analyze its credibility before buying some DTZ tokens for themselves.
REFERENCE
Website and whitepaper : https://digitizecoin.com/