Community post
Smartcash & Smardcard
One of the Smartcash features that I'm waiting is the Smartcard.
For those who are not familiar with it, smartcard allows user to spend their smartcash without having a phone or Internet connection. Just scan the card at the merchant POS (point of sale) and key in the PIN number.
Below is the Video demonstration of smartcard
https://www.youtube.com/watch?v=qc20If7iDtc
The impact of this is huge. Previously, to spend any crypto you would need at least a smartphone. However if we want to serve the unbanked and the poor, they are most likely does not owned a smartphone.
Imagine in a rural area where you want to help families who earn less than $5 per day. They would not own a smartphone which will exclude them from cryptocurrency. With smartcard, we can provide them with a loaded account and they can spend smartcash at any shop that accept it.
With community funding from smartcash I hope there will be more outreach to the unbanked and less fortunate.
Replies (6)
I think it is time to SmartCard myself, it takes the exchange problems out of spending!
Thanks for commenting. Yes. This is a good feature which will enable wide adoption. Imagine spending your crypto easily at any store.
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