Abstract:
Apartment and communal laundry services are notorious for lost or frustrated revenues. Recently some companies have came into this space to help rental companies capture these profits with the use of scannable cards and a smart payment kiosk. Today's entrepreneurial whitepaper aims to show the value of adding block-chain technology to this simple business idea.
Value Proposition:
- To accurately facilitate apartment, commercial, and other communal-based laundry services.
- To make a bitcoin based payment card that facilitates payment methods.
Methods
To make this token-based business a reality, you will need a medium sized investment for developing your minimum viable product (MVP). You will need to create a computer kiosk that handles the purchase of tokens from multiple currencies. The computer loads a smart card with Laundry Coin.
On the other side of the transaction, laundry machines are fitted with Laundry Coin scanning pads that accept payment. The digital display tells you exactly how much your load will cost based on the settings you selected.
A Smart Card facilitates the trade between the users and the machines. This card can also accept and provide payment services using other coins.
Discussion:
The benefit is that all the coins are traceable and refundable. If the machine doesn't run, it can send them back to your card with ease.
Smart Cards operate on a 5% arbitrage fee, additionally by issuing bitcoin based smart cards to every individual in an apartment building, Laundry Coin will personally invite up to 5000 people into crypto with an average installation.
Currently other companies are using gift card type systems, charging up to $10 per card. So as long as these smart cards are under $10 each, we remain competitive.
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