| Electronic money - also
known as digital currency - based on stored-value, smart card, or other
technologies, have been developed to facilitate consumers and businesses
to engage in global electronic commerce. These would cater for the increasing
population online consumers who don't have a credit card or those who are
reluctant to provide their credit card number online.For more information
on how you can use Digital Currencies to your own benefit, visit The Gold
Economy Magazine at: www.goldeconomy.com
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| The Fastest and Cheapest
Way to Send Money Back Home
Atlanta, GA-USA and Tortola, BVI -- "Moving
from Atlanta to our new corporate headquarters in British Virgin
Islands presented many challenges to us personally," said George Matyjewicz,
President/General Manager of Standard Reserve Holding Limited. "We now
owned two homes in two different countries. We have a caretaker in our
Atlanta home, plus various people who are looking after our interests,
all of whom are not sophisticated business people. Many don't even have
bank accounts, and do everything on a cash only basis. So, how would we
pay these people each week or month while we are in BVI?"
Well the executives of Standard Transactions
put their heads together and came up with a new program called "Standard
Home Operations Environment" (SHOE). It allows you to open a Standard Transaction
account with a number of linked accounts, which allows you to distribute
to others easily. For example, George is able to open an account with five
linked accounts. He gets five ATM cards which he gives to the people servicing
his home in Atlanta. He transfers funds to those accounts when needed,
and the card holders go to the local ATM to extract payment. |
| Digital Currencies: money
done better - Money has not been done well regardless of the civilization
and regardless of the concept adopted. Through five different concepts,
money has been misapplied in each culture, has been politically motivated
and manipulated. The new era where we now have connectivity around the
world provides a new environment where money can be de-politicized and
re-conceptualized. Everyone has thought that money has become digital.
Unfortunately the digital revolution has not renewed money and in this
highly digital society we live in we are hampered in global exchange, global
valuations of goods and services and global value storage because of its
poor implementation. |
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Why is this different than any other Instant
World account? Actually it's not except that the holder of the SHOE account
is paying the fees associated with the accounts. "It's actually cheaper
for me to absorb the fees, and pay online than it is to send a check or
wire transfer or Western Union," said Mr. Matyjewicz. "And it's more convenient
for the folks to whom we are sending funds."
Standard Transactions is re-engineering
the transaction world for old-world businesses, new-world businesses and
individuals. It uses new technologies in new ways to reduce costs, improve
efficiency and make global business easier. Standard Transactions now opens
up the potential for both individuals and businesses (large and small)
to cost-effectively forward payments as little as USD $10 from one end
of the world to another at less than 40cents total cost. "There are many
people worldwide with this same issue that we are experiencing," said Matyjewicz.
"While it is easy to pay major suppliers online, it is not so convenient
to pay the everyday workers. SHOE solves that problem quite easily."
The cost of an international bank wire
runs between $20 and $70 and may take up to two weeks to clear. A Standard
Transactions Instant World Account costs $4 a month, plus $5 for each ATM
withdrawal. Funds can be transferred to another Standard Transactions Account
instantaneously. The recipient can then log onto the Standard Transactions
web site and move the funds to his or her ATM card. The funds are available
for withdrawal on the card the following day. This means that you can move
money across the globe in 24 hours and convert it into local cash, for
a maximum cost of $5. Compare that to Western Union!
You can use the SHOE program to send money
to relatives or employees back in your home country at a minimum expense.
All they need is access to an ATM machine.
To find out more about how you can use
the SHOE program to quickly and inexpensively send money overseas, read
The Gold Economy article entitled, “How
to Use the SHOE Program”. To learn more about digital currencies
and offshore debit cards and how they can benefit you, come visit The Gold
Economy Magazine at www.goldeconomy.com
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