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TewTew

A Cryptocurrency Value Chain 

TEW
Start:07-10-2017
End:15-10-2017
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TewTew

About TewTew

Cryptocurrencies had been gaining awareness due to media and early adopters’ efforts. However, majority of people are still not involved in any cryptocurrencies activities. We would like to change that. We propose creation of a cryptocurrency value chain that integrates with users existing activities and behaviors to achieve wider adoption of cryptocurrencies effortlessly, therefore enhancing the value of cryptocurrencies in general.

The value chain would include a decentralized cryptocurrency exchange, “ATM” to deposit/withdraw any currencies (fiat and cryptocurrencies), payment systems for ecommerce websites to receive any currencies (fiat and cryptocurrencies), point-of-sale (POS) systems for brick and mortar retail shops, and cryptocurrency debit card for consumers. Right now, using cryptocurrencies around the world is almost non-existent and we want to fix that problem.

Given the recent ban of cryptocurrencies related activities by certain actors, it has also became increasingly important to develop this value chain. The value chain we envisioned will be resistant to bans on centralized exchanges and hubs, as well as promote wide adoption usage of cryptocurrencies around the world.

What is needed is integration of processes no different from what they are already doing, yet with cryptocurrencies running in the background, alongside fiat currencies. At the same time, the value chain creates new opportunities within the processes for any individual to make a living without incurring the cost of traditional business expenses such as payment systems. By being an enabler of individuals to make a living in the ecosystem, these individuals will be adding value to it. And when more value is being added to the ecosystem, more users will want to become part of our value chain (network effects).

Our vision for this value chain is to become resistant to bans and promoting cryptocurrencies adoption widely, in a way that does not require changes to existing human behaviors by running cryptocurrencies in the background, so that as the usage of cryptocurrencies increases, the value of useful cryptocurrencies will increase as well.

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