Earth Dollar Has Just Partnered With The Blockchain Association For The Point Of Sale Project
Earth Dollar which is an asset-backed cryptocurrency has just announced the strategic partnership it has gotten into with the US blockchain Association, non-profit blockchain related organizations and also the Nevada Blockchain Association. The partnership was established to launch an adequate crypto coin point of sale payment system that will be designed to be available to both the offline and online retailers.
The Global Crypto Payment System
The Ether Dollar platform will be used among the principal reserve currency for the global payment system. What this means is the platform will be used in measuring the value against the coins that have been used on the platform. As a result, it will be the standard unit that will be used in the payment of exchanges and the transactions fees.
The platform has a list of supported currencies, and this includes Bitcoin, Litecoin, Bitcoin cash, Earth Dollar, the Las Vegas Token and also the fiat currency. But this will not be all as there are other negotiations taking place to have several other crypto coins on the platform.
In the Global Cryptocurrency Payment System (GCPPS). There are over 50,000 ATM’s that are crypto enabled and also various POS terminals that are connected to the millions of debit card holders, who will be able to feed into the GCPS platform. With this in place, it should enable various users in Ghana, US, Canada, Georgia and different other countries to use the POS withdrawal and payment services.
The company has ensured they have designed a platform that is able to handle 250 million daily with no hiccups. The staging point for this platform has been considered to be in Las Vegas. The plan for the company is to ensure they have made Earth Dollar and the various crypto coins in the market readily available to the 2 million residents and also an estimated of about 40 million tourists who visit every year.
With the platform put in place, it will quickly enable the various users to carry out transactions efficiently; this is from withdrawals to even make souvenir purchases for their loved ones.
The Functionality Of The Earth Dollar
The current Earth Dollar has been designed to be asset backed by about 3.22 Trillion Euros in the Natural Capital Asset; this will all be possible from the 18-million hectares of land together with the products that are on the land.
The primary goal of the Earth Dollar is to ensure they have built a sustainable and also decentralized economic system that has been expertly built on the blockchain technology. One that will be able to generate sustainable and new wealth by merely restoring the Earth. This is instead of continuing with the current model that is more on the extraction on consuming.
And this is not all as a major part that will be a massive success of this project will be accessible through the crypto market. When the company utilizes the crypto market, it will, not only give people various financial options but will also be able to help people save money in Nevada.
But this is not all as the US-Blockchain-Association, the president and also director Alisha Forrest Scott has seen there is an additional function of the current Earth Dollar and the crypto coins in the impact it has on women. As a woman makes a majority of the purchasing decisions, thus, helping them learn more about the market will significantly help them to save a few extra coins.