OCASH First All-in-One Payment Card

docmastery (62)in #bitshares • 7 years ago (edited)

In my previous post I mentioned something about OCASH. Today I'll explain more what is OCASH to every one and what benefits it can give to every Bitshares Holder. Let's start explaining what are bitAssets or Smart Coins first.

https://steemit.com/bitshares/@docmastery/help-a-friend-invest-in-bitshares

bitAssets or Smart Coins

bitAssets also known as Smart Tokens are market pegged assets that holds the value of it's representing asset for example USD. This assets is backed with Bitshares for atleast 1.75 of it's value to make sure that it will never go down to 0.999. Unlike other tokens like USDT that doesn't have a stable value, bitAssets are sure to hold 1 and will always will be equal to 1. This is because of what we called Smart Contract where we use our Bitshares as collateral for this assets. As for now there are bitUSD, bitRuble, bitCNY, bitEUR, bitKRW, bitGold, and bitSilver. This assets are good for payment transactions because unlike others we are sure that it's value is equal to our fiat currency like USD and such a like.

OCASH First All-in-One Payment Card

OpenLedger ApS has announced its groundbreaking token launch for OCASH, the first all-in-one payments card. OCASH will launch its new token, called OCASH (OCS), Q4 2017. The new website, www.ocash.io, will launch imminently.

OCASH brings the international card payments system to the OpenLedger network, allowing token holders to use Stablecoins (SmartCoins) including bitUSD, bitEUR, bitGBP, and Rubles - plus other OpenLedger tokens such as OBITS, BTC and ETH - to purchase items anywhere that accept international payment cards.

OCASH holders will benefit from the many usage options offered in the form of monthly or quarterly sharedrops in bitUSD.

"We are witnessing the birth of the biggest shake up in financial history with the introduction of our crypto-ready payments card, allowing instant withdrawal and POS payments", said Ronny Boesing, creator of the OCASH concept and Founder of OpenLedger.

"The option to pay and withdraw any kind of crypto, anywhere and anytime, instantly from your payment card, is groundbreaking. Furthermore, the ability to manage transactions in your browser-based web wallet, and with no need for a bank account, is what will make crypto accessible, overnight and worldwide. Naturally, this will allow OpenLedger to stand strong as a platform, continue to innovate, and above all, give the 2 billion population who are unbanked an easy way to access an account and make transactions."

"OCASH international payment cards draw funds from the users' contract wallet which support SmartCoins, like bitUSD, and more than 20 other existing cryptocurrencies from the OpenLedger crypto gateway including BTC, ETH, OBITS and BitShares."

Aside from providing a solution for the expanding crypto-community, OCASH is uniquely equipped to improve upon the entire spectrum of regular debit card and banking services. Markets like international remittances and asset management are ripe for these innovations using OpenLedger and Graphene technologies, and OCASH is well-positioned to reach these new frontiers as a revolutionary financial solution. While initially providing current token holders with payment utility, the main vision of OCASH is to build a product that anyone can use as an 'all-in-one bank on the blockchain' solution, plus it is a great fit for the more than two billion unbanked people. With the accompanying OCASH app alongside the debit card, regular users will have a familiar platform to access and engage in the OpenLedger ecosystem.

"OCASH makes every token better, letting users spend supported tokens with just a swipe at merchants worldwide", stated Ronny Boesing. "It has unique benefits for the remittance market, and the OBITS token is designed to let all OBITS holders benefit from broad market exposure to the token economy. This is the first of its kind - a payment card making use of stablecoins for instant cash or POS payments and we are excited to finally launch this product."

The OCASH concept will be rolled out in two phases. Phase one will introduce the virtual card with its all-in-one banking solutions, mobile app, website with sign-up page and physical card, all within a 3 month period. Phase two will see the launch of an ICO, focusing on the marketing funds needed for maximum global exposure, using Phase one as the proof of work (POW), resulting in the introduction of a blockchain-instant interface approximately 1 to 2 months after the end of the ITO.

source: https://ocash.io/

Did you know that DASH price increase from $7 to $1000 because they released a Dash Debit Card? This is your opportunity to gain some massive increase. Join Bitshares Network now and don't get left behind.

My goal is to earn atleast 5000 bitshares and one day represent Bitshares here in the Philippines. If you wanted to help me reach my goal please upvote and resteem. Thank you!

Right now my current Bitshares is 3900/5000. For those who wanted to donate you can either send Bitshares to my wallet: doc-mac18 or directly send your Steem or Steem Dollars to this account @docmastery.

Your Bitshares Enthusiast,
Nem Dayao