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In these days of digital commerce, we are sending money electronically all the time. However, there are hackers everywhere, trying their best to get their grubby hands on your money. Plus, most of the existing payment services charge hefty fees.
What if I could tell you it didn’t need to be that way? Would you be interested? I’ll bet you would. Our SantCoin program offers you a whole new way.
This new platform gives you a way to securely send money from your phone to an individual anywhere in the world, regardless if he has a bank account, an Internet connection, or even a Government-issued identity card. And here’s the big reveal – it’s FREE.
SantCoin is the answer. You’ve heard of Bitcoin – SantCoin is the next generation of digital currency and we have added many improvements over the original platform. This an app we have developed that is fast, simple, secure, and incredibly easy to use, even for people who are not Internet-savvy.
We have improved the security of your transactions, the anonymity, the profitability, even the options to add advertising, and tracking.
In 2015, Payments made with debit and credit cards and other non-cash methods jumped 9 percent last year to 390 billion transactions, Capgemini report said.
In USA, the credit cards number average per consumer is 4.4 , one in ten Americans has more than 10 credit cards. and the card payment users expect more than 35.54 billion as potential worldwide losses because of payment card fraud in 2020.
With a number of smartphone users is forecast to grow to around 2.5 billion in 2019. Mobile payments grew significantly in volume – by 170 percent – to reach 4.5 billion transactions. and there is many reason for that.
Making payment from phone is more convenient and less time consuming, and shopper more likely to use their coupons when they use phone to pay, and unlike the credit card, tracking and recovering your phone in case it gets lost is much easier, and most mobile phones can be locked with a pin, so gaining access to sensitive account information or making transactions is made more difficult.
The speed, security, privacy, information management, simplicity and convenience factors in mobile payments is higher as opposed to credit card payments. There is just one limitation, the cost. The main payment channel for this mobile pay systems still credit and some debit cards. this payment method are operated under financial regulation and require processing the payment by different parties that cost big interchange and processing fees that exceed 20 billion annually just in USA.
Mobile payments technology don’t require a big infrastructure to work. Hundreds millions of merchants around the world will immigrate to mobile phone as an alternative way of payment, but they still have to lose up to 3.5 % of their gross revenue as processing and interchange fees, and in many cases that means the difference between the success and the lose of the business.
Thanks to using a new digital currency concept, SantCoin has none of traditional payment methods limitations, SantCoin is a scalable system , With an architecture that offer security, audit trail, transparency and speed. And by offering a free service, SantCoin is ideal for merchants and will help them increase their profit and sales.
Further advances could come from SantCoin Engine. The freedom, the new model, and the adaptation ability give Santcoin the potential to grow fast and win not just the mobile payment contest, but the power to reach the unbanked population and take the leadership in the money transfer game.
Banking the unbanked is a global serious challenge, Different Statistics shows that that is 38 % of the global population that represent 2 billion adults are still unbanked, and others 1.3 billion account-owning adults still use cash to pay utility bills.
this big numbers that reflect 59% of adults in developing economies, or 3/4 of the world’s poor according to The Global Findex do not have a bank account, not only because of poverty, but also due to costs, travel distance and paperwork involved.
SantCoin can solve that, allowing those unbanker poor to get a virtual digital bank checking account using their mobiles without any document requirement, better than that with SanCtion system they will get a free money allotment to start using the system, that is will encourage those unbanked to join the digital banking business, and allow them to send and receive digital money for free, solving the next global issues.
Globally, sending remittances costs an average of 7.37 percent of the amount sent,or 25 billion dollar annually. SantCoin charge no fees for money transfer and will save this full amount. These funds would simply remain to migrants and their families and could contribute significantly to improving the living conditions of the migrants themselves as well as reducing poverty in their countries of origin.
SantCoin: Digital global currency 2.0
SantCoin is a new alternative currency with many new features, The American patent application of the new digital currency and the new system was filed in December 2015 by SantCoin Inc., a start-up based in Boston MA USA.
SantCoin is a personal decentralized banking system and a Peer-to-Peer decentralized Payment System. Individuals and merchants can use the SantCoin App to make payments to other individuals or merchants without involving a third-party, such as a bank or financial institution, for the purpose of validation. Instead, transactions are cleared and validated within the system through the closed source. As a precautionary measure, a copy of every device ledger is sent to the cloud and stored permanently in the public ledger that records and publicly displays all SantCoin transactions that have been executed within the SantCoin system.
The SantCoin integrated system allows two parties to settle a transaction outside the traditional financial system, and even outside any network. SantCoin allows online and offline payments to be sent directly from one party to another without going through any third party, such as a financial institution (bank) or even any kind of electronic connection or any network like internet, phone network or Wi-Fi.
SantCoin uses a local ledger to store and spend the currency; an integrated algorithm in the closed code source to validate every transaction, and a distributed global ledger technology to monitor the currency transactions.
Each transaction has a special key that represents the transaction information encrypted by the beneficiary SantCoin Address (SantCoin ID); SantCoin Keys must be generated by a computerized method, but it can be printed and stored on paper for the exclusive use by the specific beneficiary. With this exclusive technology SantCoin offers 2 types of personal banking system:
A) An Online banking system that stores digital money on the global digital bank ledger relating to a personal SantCoin Address (SantCoin ID).
B) An Offline banking system that stores digital money on a personal device or a personal printed ledger, both of which are specific to the beneficiary address (SantCoin ID) and can become digital money anytime the beneficiary types the Special Key into his SantCoin App or he connects his device to the internet. The information from every transaction will be sent to the global ledger when one of the transactors connects to the internet.
SantCoin Advantages
First of all, SantCoin is a digital currency or virtual currency or virtual money, but it is not a cryptocurrency; it includes many evolutions and improvements from the original bitcoin and other altcoins. A great deal of thought, and development, has gone into the creation of this coin. Most importantly, it is intuitive and easy for a beginner to use! The following Paragraphs outline some of the key improvements introduced in this new coin.
SantCoin is the only currency that comes with a lifetime permanent satisfaction, money back guarantee. When you buy or borrow SantCoin packages from SantCoin Inc., you can exchange your coins for goods and services, or you can return the full package at any time to SantCoin Inc. and be refunded 100%.
This lifetime guarantee on the SantCoin packages protects your SantCoins’ value for as long as you can return the full package (the same volume of SantCoin as your purchase). The guarantee is effective even if you sell it, trade it, or give it away! The actual owner of the package will get the refund.
Our platform is equipped with a mobile application that facilitates the transferring of stored value between two users of the system in the physical world.
The mobile application has the capability to send, or receive, transactions in an offline state. No other technology is currently offering this.
Our system introduces a new integrated technology, which is a way of associating your wallet’s Address (SantCoin ID) with your printed or electronic stored money. This unique technology is what enables the offline payment system. When your device generates a transaction key (10 digits), the amount of money is encrypted in this Special Key using your Address as an encryption Key.
On the SantCoin system transactions take place immediately, it does not take even one second; it is faster than a credit card and all other cryptocurrencies. That is because SantCoin is not a cryptocurrency; there is no mining process and no external verification needed.
The SantCoin system does not require any personal information to get a user’s address (SantCoin ID). Sending, storing, and receiving money can be done with absolute anonymity unless the user has chosen to share some information.
Worldwide Coin Distribution
SantCoin is a global and borderless currency. It can be used anywhere, anytime, and upon launch of the coin, every person around the world will be eligible to receive an allotment of the digital currency.
SantCoin is not a democracy friendly currency just because anybody can create an equal share of the currency; better than that, SantCoin has a voting system that allows the community to make decisions over the currency, conditional upon 80% of voters being in agreement.
SantCoin is not regulated by any government or financial institution. SantCoin is the only system that does not need the internet to function; users can generate transaction keys in places where there is no internet connection. Beneficiary users can store keys on paper for a long time until they get a new phone and install the App and then they can use their printed money.
Since there is no need to solve very difficult problems to mine the coin, a lot of computer power will be saved and used more efficiently.
With only one way to create SantCoin, SantCoin currency volume is controlled and related to the currency community volume, which is exactly the initial share multiplied by the number of people. SantCoins are always created at a predictable and limited rate, related to humans and not some kind of puzzle like the cryptocurrency case, where mining requires a certain amount of machine work for each block of coins.
Anonymous Targeted Marketing
The SantCoin wallet is equipped with a means of analyzing spending patterns and can target relevant offers and deals to your App without sharing your identity to 3rd parties.
New Digital currency, way not bitcoin?
What are bitcoins, Altcoins, and cryptocurrency?Bitcoin, or cryptocurrency, is a new phenomenon that is disrupting the financial sector. It was launched by an anonymous person, or group, as an electronic store of value, that could become more stable than fiat currency.
Due to Bitcoin’s surge in growth, and a lack of centralized development / evolution, the blockchain is becoming quickly dated. Bitcoin remains static, and un-evolving, while the community argues over how to improve the infrastructure.
Another major disadvantage of bitcoin is its sheer complexity. Attempting to understand how bitcoin works and exactly how transactions are verified can leave many people shaking their heads in confusion. As a result, some people are unwilling to commit to a monetary concept they can’t manage to grasp.
All the while, altcoins are released that push the envelope of the technology. Coins like Lite coin and Dark coin are born from a lack of Bitcoin’s ability to evolve.
Our Santcoin is jam packed with features, and will evolve over time… More importantly than any of the features listed above, are two key principles that were employed while creating this coin.
Altcoins have proven to be clones, and sometimes clones of clones. The original Bitcoin source code is taken, and slightly modified or reconfigured to suit a different user group, and re-released under a different name… We DO NOT fall under this category! This coin employs new tactics, environmental features, and technologies.
Decentralization vs No Organization
As noted above, one of the primary flaws with Bitcoin is the lack of evolution. This lack of evolution comes from a stalemate that has been caused by the lack of an authority, and arguments between people that believe they are empowered, or represent sections of the community stalling progress.
This coin is designed with foresight, and with a method of appointing a committee that represents the coin’s best interests. The coin can still be decentralized, and stable, while empowering a committee to make decisions and evolve.
Conclusion: SantCoin is Superior to Bitcoin
As mentioned throughout this campaign, Bitcoin simply has not evolved over time, and a sea of Altcoins has been released due to the lack of organization within the Bitcoin ecosystem. Our new Santcoin system desires to make significant improvements to the feature set of Bitcoin, while also fixing the flaws that allowed this stalemate to occur within that community.
This coin is designed to empower the world to use digital currency, and to bring an easy-to-use interface into the mainstream. Utilizing offline modes, “TargetID Technology”, to facilitate transactions. this coin is moving into new and innovative areas.
Poverty: The plague we can treat.
The plague was the most devastating disaster in human history. For anybody who lived in that age, finding a cure for this Black Death would have been the top priority.
In our time, we are also experiencing huge losses, due to an old plague, capable of corrupting our minds so that even we believe it is untreatable; it is poverty, which, like any other disease, could be cured with cooperation and innovation.
Symptoms: pollution, illness, death, crime, immigration, wars and more bad things...
Children from poor families are more likely to die at birth or in infancy than children born into richer families. They are more likely to suffer chronic illness during childhood or to have a disability and if they live to be seniors, their life average is 8 years shorter than for a wealthy person.
Poverty causes illness and premature death; 842 million people are undernourished and malnutrition is the cause of death for more than 8000 children under 5 every day; that is 3.1 million children every year. 300 million children go to sleep hungry or cold each night and 250,000 to 500,000 children go blind annually from vitamin A deficiency, half of whom die within 12 months.
Poverty increases the risk of homelessness. There are over 100 million street children and the remaining poor children live in bad housing with bad sanitation and lack of basic hygiene, which makes it easier to spread old and new diseases; hunger and lack of water make people more vulnerable to these diseases.
Poverty creates an environment where kids can't simply go to school. Poor children often work to provide an income for their family, facing crippling accidents due to unsafe working environments and other work hazards such as lead poisoning, pesticide poisoning and bites from wild animals. And for those who can actually go to school, they simply don't see how education can improve their life because they see educated relatives unable to find a job.
Children from low income families often forgo events that most of us take for granted. They miss school trips, can’t invite friends round for tea and can’t afford a one-week holiday away from home.
Poverty badly affects a person’s personality, body and brain. Children born in the poorest areas, on average, weigh 200 grams less at birth than those born in the richest areas. Children from poorer backgrounds lag at all stages of education and people of limited means are more likely to make mistakes and bad decisions that may be amplified by, and perpetuate, their financial woes. This has significant effects on their physical and mental health, as well as their educational achievement. Without an education, people are unlikely to find a paying job.
When they are unemployed and homeless, social unrest can take over, which leads to increases in crime. When they have nothing, no money to buy necessities, they may be forced to turn to theft in order to survive.
Homelessness and high crime rates impact on a country’s people and can create many problems within society; crime prevents businesses from thriving because it generates instability and uncertainty.
Poverty fuels terrorism by creating a state of misery and frustration that pushes people to join terrorist organizations; most terrorists come from poor countries with high unemployment and terrorist organizations often provide salaries. The relationship is explicit between poverty and terrorism and other self-destructing plagues such as addictive substance abuse and trying to cope with huge amounts of stress and despair.
Poverty hurts economics, peoples and nations; it is a major cause of social tensions and threatens to divide nations. It can lead to terrorism, wars, mass emigrationand environmental destruction and outcomes such as an increased number of riots and clashes. The Arab Spring is a great example of how revolts can start because of few job opportunities and high poverty levels.
Poverty causes ignorance, disease, war, famine; it weakens families, traps individuals and decreases mobility. It causes unemployment, stagnation and reversal of human progress and leads to a breakdown of civilization.
Poverty is a very dangerous factor that can destabilize an entire world. It is therefore a very expensive proposition for all of us. If allowed to run unchecked, it will result in terrible living conditions for nearly everyone until it threatens the very existence of the human race.
However, the worst thing about the poverty is the vicious cycle that forces people to inherit lifelong handicaps and troubles that are passed on from one generation to another.
The best thing is, for the first time in the history, we have the ability to break the poverty cycle. We know what poverty causes, but to be able to overcome it, we first need to figure out what poverty is, and what causes it.
Diagnosis: Wealth inequality
By definition, poverty is about not having enough money to meet basic needs including food, clothing, shelter and education (we call this extreme or absolute poverty), but poverty in general is lacking the required amount to fulfil basic standards of living.
We have a rising concentration of global wealth, estimated to be almost half of the world’s wealth, now owned by just 1 percent of the population who own $110 trillion, which is 65 times the total wealth of the bottom half of the world’s population.
1125 dollar billionaires own $4.4 trillion; that represent four times more than the accumulated worth of 50% of the poor people of the world. In most countries with available data, the share held by the 1 percent wealthiest population is rising at the expense of the bottom 90 percent population.
By supporting the monetary development policy, economies could prosper, health could improve and countries could develop into strong global presences. All countries will benefit when decreasing global poverty becomes established.
Poverty and wealth inequality are intrinsically linked; all the evidence confirms that rising inequality and poverty are related and showsthat a more equal distribution of income and assets can foster growth, whereas high inequality can retard it. Thus, reducing inequalities can be doubly beneficial for the poor.
Treatment: monetary policy.
If poverty occurs when the wealth is poorly distributed among peoples and when a tiny minority has a majority of the money, what we call inequality, than poverty (and inequality) is reversible.
The increasing levels of economic inequality have a connection with decreasing levels of economic mobility and rising levels of poverty. There is an untapped potential for reducing poverty through wealth distribution, and poverty reduction can be greatly enhanced through distributional policies.
Influenced by the power of technology to find creative solutions for complicated issues, the SantCoin vision considers that poverty is not an exception. Tackling inequality by a monetary policy does not harm growth, provided this policy is well designed and implemented.
Development and collaboration fund
Small changes in distribution can have a very large effect on poverty reduction and the global distribution of SantCoin digital currency could make that explicit, but distribution objectives, particularly for assets, should be an integral part of the cooperation and development fund. It follows that a currency policy should not only be pursued to reduce income inequalities but also to sustain long-term growth.
SantCoin digital currency policy has a dual approach; to end poverty and its effects first and then support the global cooperation and development effort through local government lead by technology.
SantCoin policy gives priority to the eight areas deemed necessary for securing the welfare or happiness of any individual or community, as f:
Health and wellness
Nutrition and water
Education and professional training
Adequate housing
Transport and clean energy
Science and Technology
Environment and resources
Safety and Happiness.