Place/Date: Eugene, Oregon - April 15th, 2022 at 11:24 am UTC · 4 min read
Contact: Aaron Stein, Source: NumisMe
There is one universal truth with which we can all agree: Change. An unequivocal reality of the cosmos, change is constant. Despite emotions, thoughts, or actions, change is an unstoppable force for which there is no immovable object. As creatures of comfort and habit, we often go out of our way to avoid or ignore changes, negative and beneficial.
The world’s financial systems are no exception to this universal law. Technological improvements have progressed the digitization of currency, moving us closer to cashless societies and away from the physically held currency. Many people fear this technological shift in our monetary system will be government-controlled, leading to the loss of financial freedom. Therefore private and/or decentralized organizations are essential for moving forward. These improvements in technology also make innovative tools possible, which can provide people more control and power over their finances than ever before. NumisMe is one of those innovations, and may forever change the way the world thinks about physical change.
Physical currencies and loose change are on their way toward extinction. Physical money can be lost, stolen, damaged, or even intentionally thrown away due to its perceived lack of value or cumbersome nature. This attrition results in billions of dollars disappearing every year. Imagine making a cash purchase without the need to receive physical change, but instead, receiving it electronically? What if we were free to send, spend, or save our digitized cash and coins as we see fit, and also invest it through the world of decentralized finance?
Built on the concept of progressive decentralization, NumisMe is the only crypto purchasing cash protocol committed to the digitization of all loose change. Powered by NUME, the world’s first cryptocurrency which can be bought directly with cash, saving and investing have never been easier. When a cash purchase occurs, a customer can choose to “NumisMe” the remaining change directly into their APP. Participating retailers then scan the QR code displayed by the customer’s NumisMe app, using the merchant software integrated with their POS system, triggering an immediate electronic ACH transfer. The possibilities with this onramp from fiat to digital currency are unprecedented.
Users can store and save their change securely in the NumisMe APP. As a digital store of funds, NumisMe can also provide a debit card, virtual or physical, to fulfill banking roles and offer a digital onramp to those without traditional banking services, requiring only Wi-Fi to do so. NumisMe offers many services offered by traditional banks such as account and transaction viewing and balance sheets. By connecting to the bank account, users can choose to send accumulated change from the NumisMe app to that bank account. In addition, the app offers a peer-to-peer function that allows users to send money to anyone, anywhere, at any time, as long as they are also using the NumisMe APP.
At its innovative core, NumisMe users can instantly purchase the company’s ERC-20 NUME tokens with their saved change. This allows them to reap the benefits of RFI-static rewards for holding NUME. Users can also choose to stake their NUME into a DeFi savings account, resulting in additional growth beyond holding the token. With the door to DeFi opened through purchasing NUME, the ability to swap their NUME with Ethereum or other ERC-20 tokens becomes possible. NumisMe provides those without banking access a gateway into crypto, and serves as an alternative outlet for those affected by cryptocurrency restrictions or bans from regional regulations and centralized banking. NumisMe hopes to significantly increase the adoption of crypto globally, by providing a direct avenue to crypto and removing the middlemen.
NumisMe empowers everyone through its visionary technology, providing the tools they need to make every dollar and cent count. Mainstream awareness of cryptocurrency is growing, but entering and navigating the space is still difficult. NumisMe provides an alternative method of entry into crypto that could represent a tidal wave of mass adoption. With the inevitable digitization of all physical currency, the future appears cloudy to many. NumisMe hopes to be part of the solution which makes that future clearer and brighter for all.