PAIN POINT: FIAT CURRENCY
- 1. Underserved unbanked population
There are roughly 2.5 billion unbanked adults in the world that are without access to basic banking services such as saving accounts, checking accounts, and credit cards.
- 2. Lack of monetary sovereignty
Citizens have to rely on a combination of foreign currencies to conduct their daily financial transactions while country officials struggle with the little control over money supply and inflation.
- 3. Poor auditability
Fiat currencies are essentially untraceable on a peer-to-peer level. It becomes an impossible task for sovereign states to audit the money flows and enforce AML/CTF laws.
INTRODUCING SOVEREIGN COIN
Sovereign coin represents the digital form of a fiat currency of a particular nation (or region), and is issued and regulated by a federal regulator. Sovereign coin aims to take the best from cryptocurrencies — namely the convenience and security, and combine those features with the time-tested features of the conventional banking system, where money circulation is regulated, and reserve-backed.
OUR SUCCESS STORIESCDCC PROJECT
Coalculus and one of the Southeast Asian State Nations joint hands to launch a sovereign coin and a national preferred digital wallet. The Crypto Digital Currency Coin (CDCC) is embedded with Artificial Intelligence capabilities, and are covered with specific KYC attributes. All transactions made on the Sovereign wallet are traceable since an underlying register enables the recording of all transactions and identification of the rightful owner of the CDCC.
