A New Fair Global Digital Currency System For Intangible Product Service From The Savior Vision

Full article, source: https://humanitywhole.wordpress.com/2022/07/03/a-new-fair-global-digital-currency-system-for-intangible-product-service-from-the-savior-vision/

The idea, solution belongs to me the Savior, no any entity allowed to use it without my permission.

So how a new fair global digital currency system for the intangible products services should be like?

In this article I will share my vision with you, mostly focus on working mechanism.

There will be 3 major objects in the global digital currency system:

– Buyer Account: for anyone who want to buy digital goods.

– Seller Account: for entity want to sell their digital products service.

– Exchange Center: the place for people to exchange fiat money for the digital coin/money/bit.

Let’s use the term “digital bit” as the name for the world common digital currency for example in this article.

The flow of the digital bit and major rules:

Sending:

– Buyer accounts can only send the digital bit to seller account and exchange centern not allow to send for any other buyer account.

– Seller accounts can only send the digital bit to exchange center, not allow to any other buyer account and seller account.

– Exchange center can only send the digital bit to seller account, not allow to send to any other exchange center or seller account.

Receiving:

– Buyer account can only receive digital bit from exchange center.

– Seller account can only receive digital bit from buyer account.

– Exchange center can receive from both buyer and seller account.

The flow of the digital bit will be like this:

Buyer account =Seller account => Exchange center => Buyer account.

Exchange center will based on each nation, 1 nation will only have 1 exchange center and only allow to using the local currency such as USD in USA, JPY in Japan, GBP in UK, etc.

too long……..

Full article, source: https://humanitywhole.wordpress.com/2022/07/03/a-new-fair-global-digital-currency-system-for-intangible-product-service-from-the-savior-vision/

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