Roswell, GA USA – Smart Token Chain, a blockchain technology company and FinTech incubator, has announced the ICO (Initial Coin Offering) of BitMinutes. The ICO purchase period will run from November 31, 2017, through December 15, 2017, or whenever the total allotment is purchased.
BitMinutes are a cryptocurrency backed by prepaid airtime minutes. BitMinutes allow peer-to-peer cash transactions to over 2 billion bank accounts in 70 countries and prepaid top-up to over 4 billion prepaid mobile accounts in over 200 countries. BitMinutes facilitate the expansion of micro-credit lending. BitMinutes ownership and transactional records establish a new type of consumer credit score for emerging market consumers with limited access to traditional banking services.
The BitMinutes Story
BitMinutes is a branded, prepaid minutes stored-value product. However, BitMinutes adds the previously unavailable option of convertibility into cash.
BitMinutes can be used as both Money and/or Minutes. BitMinutes can be transferred between any two cellphones worldwide at zero cost. BitMinutes can be redeemed as either money deposited into over 2 billion bank and mobile wallet accounts and/or prepaid minutes with over 300 telecom carriers globally.
Why BitMinutes Offers Instant Value
Billions of consumers use prepaid minutes as virtual currency today. These minutes are issued as a special purpose currency by over 300 mobile phone carriers globally and can be used only on their proprietary networks for either voice and/or data services.
BitMinutes instantly convert prepaid minutes into and out of cash enabling the following benefits.
- BitMinutes enable free money transfer to 2+ billion bank accounts
- Low-interest credit to 2 billion previously unbanked consumers
- Virtual Mastercard to enable online e-commerce purchases
- BitMinutes ownership and transactional record build a credit history, which can be used to acquire a micro-loan
The corner retailer can now offer new financial services like cash-in/cash-out transactions or micro-loan applications, turning the corner store into the “corner banker.”
Learn more about the BitMinutes' ICO and how to participate at www.bitminutes.com.