Abstract: Earth Dollar™ joins in alliance with U.S. Blockchain Association, Nevada Blockchain Association and Associations Worldwide with the goal to make Crypto spendable anywhere; 50,000 Crypto-enabled ATM/POS machines plan to be installed
July 9, 2018, Las Vegas, Nevada, U.S.A. — To jointly deploy a Global Cryptocurrency Payment System (GCPS), the Earth Dollar™ has recently formed a strategic alliance with the U.S. Blockchain Association, the Nevada Blockchain Association, and other associations worldwide with the goal to bring Cryptocurrencies to point-of-sale locations everywhere, including both brick-and-mortar retailers, as well as online retailers.
Since the Earth Dollar will be one of the world’s largest asset-backed currencies with intrinsic value, it has been selected by the alliance as one of the main reserve currencies for the new GCPS Platform. A reserve currency means the Earth Dollar is the main currency used for measuring value against other currencies and will be the common unit for the payment of all exchange/transaction fees.
Furthermore, the Alliance members have all agreed that the Earth Dollar, Bitcoin, Bitcoin Cash, Litecoin, the Las Vegas Token, and fiat currencies should all be supported on the GCPS Platform. The Alliance also plans to negotiate with several other Cryptocurrencies for immediate partnership and inclusion in the GCPS, including, a list of altruistic Cryptocurrencies that can help American communities.
Initially, the alliance plans to connect the GCPS to 50,000 Cryptocurrency-enabled ATM/point-of-sale terminals linked to millions of Debit-card holders and even basic mobile phones users in the U.S.A., Canada, Ghana, Georgia, Eurasia, and throughout the world. The Alliance’s GCPS is being designed to efficiently handle worldwide transactions for up to 250-million people, daily. In Las Vegas, the Earth Dollar and other Cryptocurrencies plan to be accessible to approximately two-million residents and 40-million tourists annually who visit Las Vegas; buying anything from food to handbags, coffee and paintings.
Whereas the U.S. Blockchain Association is responsible for 40,000 of the 50,000 planned ATM/point-of-sale terminals across the U.S.A., they will primarily focus on metropolitan regions with high concentrations of people. The Nevada Blockchain Association will gradually deploy 10,000 of the 50,000 ATM/point-of-sale terminals. The project will envelop Las Vegas and local residential outskirts and will be installed in and around the greater metropolitan Las Vegas area. The Nevada Blockchain Association describes the project as creating a one-stop shopping solution for buying, selling, trading, developing and spending Cryptocurrencies in everyday life.
Earth Dollar joining this Alliance means that the Earth Dollar, Bitcoin, Bitcoin Cash, Litecoin and the Las Vegas Token Cryptocurrencies can be utilized daily by consumers; to conveniently purchase goods and services anywhere. Though the alliance’s efforts, Crypto will be able to be spent in: casinos, shopping malls, restaurants, cafes, and entertainment venues for shows, grocery stores, hotels, other tourist attractions and other such physical venues and locations. As a contribution to the Alliance, Earth Dollar also plans to install 5,000 Cryptocurrency-enabled ATM/point-of-sale terminals (units) within seven indigenous territories and communities in Canada and Ghana. These machines would serve approximately 6.5-million people and Earth Dollar will act as their official community currency. Moreover, the Earth Dollar has agreed to support and bridge any gaps with the Alliance and other Cryptocurrencies, including offering co-branded Earth Dollar Debit Cards to alliance members.
All payments made to merchants through the cryptocurrency-enabled ATM/point-of-sale terminals machines are is expected to be processed by the Las Vegas Currency Exchange. A unique advantage of being in Nevada is that the State government passed State Law SB398 that protects the “no sales tax” policies for processing goods and services payments on the Blockchain. This is excellent news for consumers and merchants who will each pay far fewer fees for processing, because of the advent of the Blockchain technology, which “cuts-out” the payment processing “middle-man”.
Mr. David Kam, Chairman, and CEO of the Earth Dollar say, “Our goal is to bring Crypto to the world. The only way we see Cryptocurrencies becoming more mainstream is when people can walk into any shop to buy a coffee, groceries, or other common goods with crypto. For this cause, we are delighted to partner with these Associations to deploy the Global Cryptocurrency Payment System, worldwide.”
U.S. Blockchain Association board members say, “70% of purchase decisions are made by women, that retailers have come to respect. We will help women to embrace Cryptocurrencies, including how to earn them and use them for purchases. to buy groceries and household items with them. Women will ultimately save a lot of money using our system, compared to the current payment processing fees that all consumers have had to accept. With these systems, women will enjoy more purchases of fun, fashion, and experiences they wish for, as they do with the USD. By using Cryptocurrencies, it will become easier, safer and more private.”
About Earth Dollar
The Earth Dollar™ is expected to be one of the largest asset-backed Cryptocurrencies with intrinsic value. €3.22-trillion Euros in Natural Capital Assets (fruits of the land) from 18-million hectares of the land plan to be used to back and to launch a new, sustainable, and decentralized “Living Economic System” that is centered on replenishing Earth, preserving natural resources, and revitalizing local and global economies. Mother Earth Trust is co-stewarding the preservation of the natural resources (Natural Capital Assets) that will back the Earth Dollar.
The Earth Dollar™ plans to develop the latest type of “quantum-secure worldwide mesh network” on the Blockchain, through a strategic partnership with Stealth Grid™. This partnership will provide tools to help institutions, banks, governments, and organizations to interface with a secure Blockchain. Currently, Earth Dollar is in the pre-launch stage and is privately raising funds for developing of the Living Economic System.
About the U.S. Blockchain Association
The U.S. Blockchain Association is a non-profit Trade Association with a focus on creating jobs and opportunities in America. The Association’s client is the Blockchain industry within the United States. The U.S. Blockchain Association is planning for the growth of National Chapters in cities and states, nationwide. Primary objectives of all Chapters will be to support overcoming poverty, advocate for social justice, and bring forward mass adoption of sustainable initiatives and technologies. These objectives coincide with the U.S. Blockchain Association purpose to fulfill the United Nations’ Sustainable Development Goals.
About the Nevada Blockchain Association
The Nevada Blockchain Association is a non-profit Trade Association. The Association work serves as a voice for the booming Blockchain industry in Nevada. The Nevada Blockchain Association supports overcoming poverty, advocating for social justice, mass adoption of sustainable initiatives and technologies, with focus on creating jobs and business opportunities in Nevada, as they coincide with the United Nations’ Sustainable Development Goals. The Nevada Blockchain Association believes that a shift towards supporting Cryptocurrencies will positively improve reality for the 2-million area residents and 40-million annual Las Vegas tourists.
In the coming months, the Nevada Blockchain Association is working in conjunction with partners to hold an Initial Coin Offering (ICO) for the “Las Vegas Token”; for the purpose of building the forthcoming Las Vegas Currency Exchange. And, to install 50,000 Cryptocurrency-enabled ATMs and point-of-sale terminals across the U.S.A. 10,000 ATM units are to be concentrated in the Las Vegas area. Once the installation is complete, the Global Cryptocurrency Payment System will be able to process mass ongoing payments of Cryptocurrencies and fiat currencies, at both brick-and-mortar retailers and online retailers.
U.S. Blockchain Association Contact Information:
Nevada Blockchain Association Contact Information:
The Earth Dollar Contact Information: