Dagcoin and the future of currencies
We believe that cryptocurrencies are here to be a step up from regular money. This means improving the speed of transactions while reducing the cost, giving access to money to more people with lesser restrictions and limitations, giving more freedom to transact. And at the same time preventing fraud and illegal activities. Dagcoin was created to fulfil all of these criterias – to become a digital version of money that people can use all around the world.
Near-zero transaction fees
Fixed transparent transaction fee without any hidden fees or exchange rates. Does not matter whether sending 10 or 10 000 dags, the cost will always be around 0.0005 dagcoins.
Almost instant transactions
Regular transactions can take weeks or days, several cryptocurrencies can take hours or tens of minutes. Dagcoin transactions are fully completed within 30 seconds on average.
Freedom to transact
People around the world have the freedom to make fast and cost-effective transactions with their Dagcoin wallets. No limits, no restrictions. You have control over your money.
Dagcoin has been granted government licenses for cryptocurrency and is strictly following KYC and AML laws to reduce illegal or criminal transactions of the financial world.
Find merchants all around the world
Dagcoin is meant for using. Everything you do with regular currency, you will be able to do with dagcoins. This includes getting paid, going shopping, exchanging, taking loans, paying for services, travelling, and almost everything else that comes to your mind.
500 000+ members
The Dagcoin community is growing rapidly all around the world. Instead of creating a group of speculating traders who are chasing the price movement, we are building an educated community of cryptocurrency supporters who understand the long-term vision and are passionate about the true value of cryptos – the reasons they were created and how people worldwide can benefit.
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Quick specs and the whitepaper
|Transaction fee:||Around 0.0005 DAG|
|Avg transaction time:||30 seconds on average|
|Dagcoin price:||0.75 €|
|Total distribution:||9 000 000 000 dags|
|Coin distribution:||5% – team, founders, advisors 95% – community|
|Distributed coins:||~2,80B dags (0.45B + ~2.35B)|
|Market cap:||1 722 500 000 €|
|Available in (exchange)||SwipeX|
The 3-step strategy for growth
Create an ecosystem
The biggest innovators are flexible and can adapt to changes faster than the industry giants. It takes a while for the biggest companies to start accepting cryptocurrency. The best way to start is by creating an ecosystem and build the main products and services ourselves.
Build the community
Once the ecosystem has been developed, we will grow the community and integrate the products and services into our everyday lives. A currency becomes strong once people and businesses start trusting and using it. We can show the world how cryptocurrency is truly meant to be used.
Scale & co-operate
Scaling the community to millions of people assures that the ecosystem is working and gives insight for perfecting the products. This is required in order to begin cooperating with the biggest brands in the world, eventually leading to mass adoption.
Why is the future of cryptocurrency uncertain?
Cryptocurrency is the better, simpler, and inexpensive version of our regular everyday currency, which is mainly used for interpersonal transactions. Most people have, unfortunately, misunderstood the idea behind cryptocurrency. It is often thought to be similar to stocks and only meant for trading on the stock exchange – buy cheap and sell for profit. According to Kris Ress, the strategist and visionary behind the Estonian cryptocurrency Dagcoin, “(...)if we don’t change this attitude and continue to ignore the significant benefits of alternative currencies, then the future of cryptocurrency will become uncertain.” In September 2019, a short and snappy news title announced: “Bitcoin Chaos Continues”. The contents were ominous – “Cryptocurrency values have collapsed this week and bitcoin has lost nearly a fifth of its value. Bitcoin currently costs 7,346 Euros. As recently as on Monday, the cryptocurrency was valued at over 9,000 Euros.” If you weren’t familiar with the background, you’d think that it was indeed an awful story. Someone will have lost a lot of money. Sadly, this is just another news story that adds to an already distorted picture of cryptocurrency as something to be traded. How has this image developed? We’ve all heard incredible stories in the media of people becoming millionaires almost overnight by investing in the right cryptocurrency at the right time, or the kinds of price changes this or that crypto has undergone. A large part of mainstream media focuses primarily on price changes and money-making. We’re also told that institutional investors, consisting of investment funds, venture capital funds, pension funds, insurance companies and commercial banks, are just about ready to enter into the crypto market, explaining that when this happens, cryptocurrency will become real money, causing a huge buying craze and a price increase. They paint a hopeful picture to get more and more people to start buying crypto right away so that when institutions do finally enter the market, their investment values will be increased. In reality, it isn’t known if, when and in what direction institutions will enter the crypto market as it will be influenced by future regulations and global developments. However, if these investments are made and funds buy up large amounts of coins, the division of crypto assets will change from what has already been criticised as a very concentrated distribution, where large amounts of assets or coins are held by a small number of people, to even more condensed distribution. As a result, the danger of volatile crypto prices will increase even more, as holders of large amounts of coins can flood the market, causing a great rise in offer and decrease in price, which in turn can cause serious financial losses to many people. Ideologically speaking, the holders of one cryptocurrency should be quite dispersed and hold small sums to guarantee stability and wide distribution. However, as cryptos are currently seen as investment options, everyone looks for opportunities to increase the value of their investment portfolio. There’s no room here for wide distribution and use. In addition to the media, training courses and crypto chat groups are very one-directional: how to trade better with crypto? When to buy and when to sell? Which project to invest in? How to read graphs and patterns? What news to follow and what not to take seriously? On the other hand, groups and courses that talk of long-term holdings, the true uses of projects or cryptocurrencies and real value creation, are like the proverbial needle in a haystack. The future of cryptocurrencies is uncertain if things go on like they have, with the mainstream media and instructors talking of crypto as a financial instrument.
JPMorgan to Launch Managed Cryptocurrency Fund for Private Clientele
News has emerged that banking giant, JPMorgan Chase & Co. is to begin offering private investors access to an actively managed Bitcoin fund. This move is partly due to the JPMorgan analysts identifying a growing interest in cryptocurrency from banks, as well as Bitcoin’s volatility seemingly decreasing over time. The latter is a significant factor due to this offering being directly dependent on bitcoin’s performance. Whilst unsurprising, this is still a major move for the group that flys in the face of their previous stance on the currency. JPMorgan CEO, Jamie Dimon, has previously been highly critical of Bitcoin, referring to it as a ‘fraud’ as well as alluding to its use by criminals. Dimon rescinded these comments last year, but still maintains a somewhat critical stance, stating that Bitcoin is not his ‘cup of tea’. This move is the latest in the group’s progressive foray into digital currencies and blockchain over the past several months. A recent report highlighted the banking group’s plans to partner with large Taiwanese banks in order to clear transactions via blockchain solutions. This news came hot off the heels of their announcement to provide a similar solution for the State Bank of India. Sources have indicated that JPMorgan’s private Bitcoin management fund is slated to begin operating this summer. The group is yet to provide an official statement or confirmation of the product.
Dag Tech Day II: the things you need to know about DeFi
The second Dag Tech Day was a DeFi special, taking a closer look at the pros and cons of one of the fastest-growing sectors in the crypto industry: decentralised finance. Often referred to as the future of finance, DeFi is seen as a shift from traditional centralised financial systems to peer-to-peer finance enabled by decentralised technologies built on decentralised solutions. The concept of decentralisation stands in contrast with the everyday traditional financial services that are generally centralised, meaning controlled by a single entity such as a central bank or financial institution which also gives them total control over their users money. As said, DeFi applications do not require intermediaries or arbitrators, it’s sometimes referred to as ‘open finance’. From lending and borrowing platforms. to stablecoins and tokenized Bitcoins, the DeFi ecosystem has launched an expansive network of integrated protocols and financial instruments. The code of DeFi specifies the resolution of every possible dispute, and the users maintain control over their funds at all times. This reduces the costs associated with providing and using DeFi products and allows for a frictionless financial system. With over $15 billion worth of value locked in smart contracts, decentralised finance has emerged as the most active sector in the blockchain space today, with a wide range of use cases for individuals, developers, and institutions. What are the primary features of a DeFi? First of all the system foundation of DeFi blockchains are permissionless funds, which allow anyone to access the application on a DeFi protocol and trade over the network without requiring anyone to sanction it. Secondly, the features are open source and transparent. The coding on a DeFi system is open source so the code is visible to every user, allowing everyone on the network to audit and verify the security and functions. This transparency of the network doesn't tamper with the user's privacy either, since all users are identified by their digital signatures. Additionally, open-source coding ensures DeFi's credibility. Another important component is interoperability. DeFi is easily compatible with the integrations of other applications. It, therefore, has the scope to expand further, offering new financial services and even developing new financial marketplaces. Also, accessibility. Anyone with a computer or a smartphone and a decent internet connection from any corner of the world can join a DeFi network. This feature, in particular, gives decentralised financial systems the upper hand over traditional banking systems. Especially for communities which cannot avail of essential banking services due to geological issues. The driving idea behind cryptocurrencies has always been the intent to decentralize power and improve our current financial system to become more transparent and less vulnerable to fraud. DeFi is nothing but a step further in that direction. The real strength of DeFi lies in taking the current system, that on a large scale depends on human processes which also includes bureaucracy and a lot of paperwork, and automating it while at the same time cutting costs and improving transparency. Decentralised Exchange aka DEX As you may have figured out, DeFi is a very wide term, so let's cover some of the most popular use cases within it. A decentralised exchange (DEX) for example, is a cryptocurrency exchange which operates without a central authority. Decentralised exchanges allow peer-to-peer trading of cryptocurrencies and do not expect the user to transfer their assets to the exchange. DEX therefore also reduces the risk of theft which might occur from exchange hacks. The most obvious benefit to using a decentralised exchange over a centralised one is their trustless nature. You are not required to trust the security or honesty of the exchange, since the funds are held by you in your personal wallet, and not by a third party. Another advantage to the decentralised model is the privacy it provides. Users are not required to disclose their personal details to anyone, except if the exchange method involves bank transfers. In that case, your identity is revealed only to the person that is selling or buying from you. The downside of DEX is that they're generally more difficult to use, especially for beginners, as they tend to have relatively complicated ways of depositing to the smart contract. For example, wrapping Ethereum or Bitcoin. Also, the possibility to exchange fiduciary to crypto is very, very rare as DEXs usually only exchange cryptocurrencies. Stablecoins Another case worth mentioning is stablecoins. Stablecoins are essentially cryptocurrencies that have their value tethered to the value of another cryptocurrency, a physical currency like the U.S. dollar, the price of a valuable physical asset like gold, or some other exchange-traded commodity. The primary goal of stablecoins is to reduce the risks associated with the price fluctuations of a regular cryptocurrency and to offer price stability. Currently, most stablecoins exist as tokens on the Ethereum blockchain across the DeFi space and are used for payments on DEXs or for lending and borrowing purposes. Some most popular stablecoins that you may have heard of are USDT, USDC and DAI. Decentralised lending protocols and yield farming All the major decentralised protocols are based on Ethereum, meaning that one could lend or borrow any ERC-20 token. Peer-to-peer lending and borrowing platforms are one of the most extensively used applications of the decentralised finance system. DeFi lending platforms give out loans to individual borrowers or organizations in a trustless way that requires no third-party interference. This allows lenders to earn interest in the form of crypto coins on the funds they deposit. DeFi lending platforms are easily accessible to both lenders and borrowers, which is one of the advantages DeFi lending platforms offer over traditional lending procedures. Secondly, it’s the instant fund settlements through smart contracts. On DeFi platforms the transparency of the fund flow is much higher. Therefore risks are reduced and the whole lending process is more flexible. Compound is a good example of a DeFi lending and borrowing protocol. Compound is an algorithmic autonomous interest rate protocol, that by providing interest rate markets on Ethereum, allows lenders to earn interest on the assets they have deposited in the Compound lending pool. The Compound smart contract is coded to match borrowers and lenders and calculate the interest rate for every specific situation. AAVE, Compound and Maker are the major lending protocols with billions of dollars of value locked up in their smart contracts and they all have a simple concept. You can loan out cryptocurrency tokens or borrow them and as mentioned above, they are all non-custodial, meaning that the protocol's creators do not have control over your holdings. Yield farming, also known as liquidity mining is one of the most recent DeFi use cases. This is the practice of locking up digital assets in return for rewards, which are usually automatically delivered by a smart contract. In many cases yield farming projects will require that one stakes liquidity provider tokens that are received after providing liquidity, in terms of assets at certain decentralised exchanges, for example, Uniserve. These tokens are then used to mint a new type of token that can either be sold or used. Yield farms are generally considered high risk, high reward since locked assets can be lost if there is a backdoor or loophole in the farm's smart contract. Before you leave! Having a look at the numbers in the DeFi world which go up to billions, it’s definitely something worth taking a closer look at. It’s an interesting time to be alive and witness all these changes taking place right under our eyes. So let's continue the work towards the goals of crypto usability and adoption. Before you leave, however, we’d like to remind you to listen to the DTD video, too. It covers many more DeFi related topics such as the flaws in the use of token assets, peer-to-peer protocols, token markets, minting schedules etc. A lot of interesting and useful information if you’re just as excited about DeFi as we are! You can find it here: https://bit.ly/3xfZQcS
JPMorgan Experimenting With Blockchain Solutions For Taiwanese Banks
With rejected and returned payments being rife within the Taiwanese banking sector, banking giant JPMorgan Chase & Co. has taken the route of testing a blockchain solution known as ‘Confirm’ with a series of large Taiwan-based banks. Confirm, when used in tandem with JPMorgan’s own clearing solution, ‘PayDirect’, will allow these banks to confirm a recipients’ account information ahead of making payments with almost zero delay. This is a welcome change to many due to the reliance on blockchain authentication adding an extra layer of concrete security. This news comes hot off the heels of JPMorgan’s previously announced partnership with India’s largest bank, the State Bank of India (SBI). The SBI is to begin utilising JPMorgan’s blockchain platform to help accelerate cross-border payments and reduce costs. This process has been dubbed ‘Liink’. Much like Confirm, Liink utilises a fork of the Ethereum blockchain in order to greatly reduce the speed of certain transfers — in this case, cross-border transfers specifically. Deputy managing director of SBI, Venkat Nageswar, had this to say about the state-run bank’s new partnership: “We are excited to be the first bank in India to go live on the network and look forward to closer partnership with JP Morgan on implementation and exploring application as part of the network to better serve our clients(...)” These moves by the worldwide banking giant are another key indicator of wider-spread adoption of blockchain-analogue solutions across the financial sector, and would lead many to believe that competitors will seek to launch similar solutions throughout the globe.
Dagcoin – Overcoming The Blockchain Speed Problems
Just over ten years ago. If you wanted to send money to someone on the other side of the world, you would have sent it via a traditional bank transfer. For those of you that made such transactions, you will remember all too well how they took five business days or more to be received. And to top it off, you were hit by a transaction fee of around 5%, which could become very costly if you were sending a lot of money. When Bitcoin hit the scene in the early 2010’s it revolutionised everything. It was now possible to make a transaction to anyone, anywhere in the world, within a maximum of 30-40 minutes and for a fee of around 1%. It changed everything, literally. Over the past decade, our thirst for speed in every aspect of our lives has increased exponentially. Yet Bitcoin and other blockchain-based cryptocurrencies have gone the other way and are actually getting slower and more expensive. How has this happened, and are there any solutions? In this week’s article, we will go through some of the most pressing issues facing blockchain cryptocurrencies such as Bitcoin and Ethereum, and how Dagcoin solves these… Why are Blockchain-based Cryptocurrencies Getting Slower? It is fair to say that in the past year, the interest in cryptocurrencies has gone through the roof. With Bitcoin rising from its lows of around $4000 at the beginning of the pandemic, to just under $60,000 (at the time of writing). But with this increasing popularity comes a big problem for blockchain-based cryptocurrencies. They are painfully slow at processing transactions. To put this into perspective, VISA process over 1700 transactions per second, whereas Bitcoin can handle just 4.5. Ethereum doesn’t fair much better at around 8. All of this means that the more transactions that are placed on these blockchains, the slower they will become. This is why the average time for an Ethereum transaction has risen from 15-30 seconds on its release in 2015 to more than 5 minutes today. With the growing popularity of Tether, DApps, smart contracts and online gaming, and other processes on the Ethereum blockchain playing a big role in that slowdown. In Ethereum’s case, this is why there is growing pressure to make fundamental changes to the currency to make it quicker. With it possible that Ethereum may drop the mining form of payment confirmation altogether for something quicker. It is this increasing slowdown that some fear may curb the rising price of Ethereum, although it is believed this will have less of an effect on the price of Bitcoin. However, where Bitcoin is encountering more serious issues is in the soaring fees attached to transactions, with the average transaction fee rising from around 50 US cents in April last year to more than $20 today. The Banks are Catching Up Another big issue for blockchain-based cryptocurrencies such as Bitcoin and Ethereum is the fact that the banks haven’t just sat back and watched over the past decade, they have been working hard to cut transaction times and costs for their customers. Within the European Union, for example, SEPA (the Single Euro Payments Area) was established in 2014, with the aim to lower costs and the time to complete a transaction within the block from three business days to less than one. Fast-forward to today, and not only are almost all SEPA payments received within 24 hours, but many are also being received as quickly as within 30 seconds. Making the traditional banking system in the EU often faster than a blockchain transaction. We spoke earlier about how the average fee of a Bitcoin transaction is on the rise (the same can be said for Ethereum, too) and now rests at more than $20. The opposite is true for the banks. In SEPA, an international transfer now costs the same as a domestic one (which is usually free). However, some banks may charge a small fee to make a transaction. All of this means that the conventional banking system (at least in developed parts of the world) is fast catching up or has superseded blockchain cryptocurrencies in terms of both speed and cost. Another reason why there is growing pressure to reform Ethereum to cut the costs and time associated with mining. Dagcoin - A Faster and Cheaper Solution What slows down blockchain-based cryptocurrencies the most and drives up fees is the payment confirmation process (mining). Not to mention the huge amounts of energy this process takes up. Recent estimates show that Bitcoin mining uses more electricity than the whole of Argentina – a country with nearly 50 million people. This is why DAG-chain based currencies such as Dagcoin payments are processed through a centralised network, which removes the need for confirmation and mining entirely. This means that Dagcoin payments are processed within 10-30 seconds. Making it possible to make a payment in a store with Dagcoin as quickly and easily as using a debit or credit card, something not possible with a blockchain cryptocurrency. Without the need to pay miners for payment confirmations, this also makes Dagcoin a much cheaper alternative as well. In fact, it doesn’t matter if you are sending 20 or 20,000 dags, the transaction fee will still be around 0.0005 dags. To put that into perspective, based on Dagcoin’s current price of 73 euro cents, this is less than one cent per transaction. Whereas blockchain-based currencies like Bitcoin and Ethereum are hardwired to continue getting slower over time. DAG-chain technology means that payments will only get faster and faster, the more people use them. And, with no miners, they use a fraction of the electricity – helping to combat climate change too. Conclusion Blockchain-based cryptocurrencies such as Bitcoin and Ethereum have a big problem, they are getting slower and more expensive over time. To put this into perspective, VISA process 1700 transaction per second. Bitcoin can handle 4.5 and Ethereum around 8 in the same timeframe. All of this means that the more people use these currencies, the slower they will become. This is why Ethereum transactions have gone from 15-30 second when it was released in 2015 to more than 5 minutes on average today. And with it only set to get slower over time, many in the Ethereum community are even pressuring for mining based payment confirmations to be dropped altogether. This has been made worse by the banks, which have got much faster and cheaper in the past decade. In the EU’s SEPA region, for instance, international payments can be received as quickly as 30 seconds and for the same fees as a domestic payment (often free). Dagcoin solves both of these issues because not only do transactions take just 10-30 seconds to be processed. The bigger the community gets, and the more people make transactions, the faster it will get. Add the fact that a Dagcoin transaction costs less than 1 euro cent no matter how much you spend, and you have a cryptocurrency that is a cheaper and quicker alternative to both blockchain-based cryptocurrencies and the traditional banking system. Join a growing community of almost 600,000 people using Dagcoin.
Visa Makes Moves to Allow Fiat Settlements Via Blockchain
Credit card behemoth, Visa, has announced its partnership with Crypto.com in order to allow fiat payment settlements through the use of the Ethereum blockchain. In order to facilitate this, Visa’s treasury will be linked with federally-chartered crypto bank, Anchorage, eventually enabling individuals to exchange USD Coin (USDC) through Crypto.com’s payment network. This method allows Crypto.com to send USDC to Visa’s Ethereum address in order to settle some of the transactions that have been sent through the site’s Visa card program. The payment giant has plans to extend this offering to large Fintech companies and banks that deal in UDSC, BTC (Bitcoin), and ETH (Ethereum). Jack Forestell, Visa’s Chief Product Officer, stated the following during the company’s announcement “(...)crypto-native fintechs want partners who understand their business and the complexities of digital currency form factors. The announcement today marks a major milestone in our ability to address the needs of fintechs managing their business in a stablecoin or cryptocurrency.” Although this move sheds some light on how credit card issuers and banks may continue to welcome cryptocurrency-related services and processes into their offerings, the usage of blockchain technology for such purposes may have some worrisome implications due to the blockchain’s unsustainability in regards to energy usage as well as the length of time taken for transactions.
Verify Once – Preventing Fraud for Individuals and Businesses using Dagcoin
It is almost certain that you have been asked to verify your identity when signing up for or using services online (particularly financial products and services). The reason companies ask you to verify your identity by providing a copy of your passport, ID card or driver’s license is to meet Know Your Customer (KYC) and Anti Money Laundering (AML) laws put in place by countries all over the world. But why are governments introducing these laws, and why are some companies doing this, even when no such laws exist in their country? The answer is simple, fraud! In the US alone, 14.4 million people were victims of identity theft in 2019. That is a staggering one person in every 15. In total, more than 33% of Americans have experienced identity theft at some point in their lives. Identity theft and fraud don’t just affect individuals. It is also costly for businesses too, with around 5% of all business revenue globally believed to be lost to fraud each year. That is over $5 trillion dollars a year. To put that into perspective, this amount is higher than the GDP of every country in the world except the USA and China. It is, therefore, no wonder that countries around the world have, are in the process of, or thinking about introducing KYC and AML laws. And why Dagcoin created Verify Once. In this article, we will explain the costs of online fraud on both individuals and businesses and how using Verify Once can reduce that risk for all those using Dagcoin… For Businesses In 2020, the average number of fraud attempts on e-commerce merchants in the US was 344 per month. Of those, only around 34% were prevented. Meaning that almost two-thirds of all fraud attacks on online merchants were successful last year. And when you add that attacks were up almost 25% in 2019, online fraud is not just incredibly costly for businesses, it is also worryingly on the rise. It isn’t just eCommerce merchants who are at high risk in this way either, banks and other financial service providers, online gaming companies, and social media companies are too. Businesses large and small are also at risk of criminals using them and/or their products or services as a way to launder money. In 2019, Danske Bank (one of the largest banks in Europe) closed all personal accounts for clients in Estonia as a result of a money-laundering investigation, which may have played a role in the suicide of the bank’s CEO in the country. Therefore, whatever kind of company you have, Know Your Customer (KYC) and Anti Money Laundering (AML) laws provide an excellent base for businesses to work from to combat these attacks. And, it isn’t just about employing a specialist or consultant to set up these new processes for your business and to sporadically update them according to changes in the law. This very often means employing specialised AML and fraud staff to constantly monitor and verify customer accounts. For companies who do this well, there are big rewards. For example, if you are able to verify new customer accounts quickly, you are more likely to gain and keep new clients. Likewise, good monitoring will reduce the fraudulent use of your business greatly, saving you potentially a lot of money. The harder your processes are to break, the more likely criminals will target other companies who are less prepared than yourself. Giving extra impetus to put secure KYC and AML procedures in place at your business. Verify Once processes and verifies all of your Dagcoin customers, so you don’t have to. While at the same time, meeting all KYC and AML regulations. Saving you both time and money. It does this by using state-of-the-art technology, which is not only fast but also secure. Its integrated AI means that as the criminals adapt and improve, so will Verify Once. To learn more about Verify Once or sign up, click here or email firstname.lastname@example.org. For Individuals We know that it can be pretty annoying to verify your identity with each new company online that you wish to use. Taking a picture of your ID card, driving license or passport, submitting this and then waiting for a number of hours or even days until you are able to properly use the account, make a deposit or withdrawal. This can be especially frustrating if you desperately need to use the service and do not have time to wait. With Verify Once, you only need to verify your identity once, you can then use any company in the Dagcoin ecosystem that accepts Verify Once without having to go through the verification process again. Pretty great, right? It gets even better, getting verified with Verify Once is much easier and quicker than any verification process you have probably ever used because it takes just a couple of minutes. All you have to do is enter your personal details, upload a copy of a valid identity document, such as an ID card, driving license or passport (we accept documents from 194 countries), and a proof of address - and you will receive an answer in just 60 seconds. Once your documents have been verified, they will be linked to your password-protected account with Verify Once – making identity theft much harder. Within this account, you will not just be able to see your personal details and documents, but also all the companies/websites that you have verified accounts with, as well as the possibility to use others whose products or services you wish to buy. Verify Once, and never have to do it again, click here. Conclusion Fraud isn’t just incredibly costly for individuals and businesses in terms of the money lost. It is also costly in terms of the time it takes to recover from being a victim of fraud and the mental stress that it causes. This is why countries around the world have or are working hard to introduce Anti Money Laundering and Know Your Customer regulations. Despite the fact that businesses are asking their clients to verify their identity for all the right reasons (to protect you and them from being a victim of fraud, and to meet KYC and AML regulations). The verification process is costly in both time and money for businesses, and frustrating for clients having to go through the process again and again for each new company whose services they want to use. Verify Once solves both of these issues. For companies, Verify Once handles the verification of clients and all of the KYC and AML regulations regarding this, saving both time and money. And for individuals, Verify Once provides exactly that, the opportunity to verify their identity just once in the Dagcoin ecosystem, and to do that in just a couple of minutes. Saving untold time in verifying their identity with each new company whose services they want to use. To learn more about Verify Once or to sign up visit: https://verifyonce.com/
German Bank Donner & Reuschel Expands Into Crypto Protection Services
— One of Germany’s largest banks is now offering ‘Crypto Protection Services — This comes in response to ‘high market demand’ within the country — Crypto protection services will be implemented within the body ‘as soon as possible’ With cryptocurrency becoming far more approachable to the layman, as well as the adoption of non-fiat currencies seeing fast-moving acceptance throughout German society, Hamburg-based bank, Donner & Reuschel, is now taking steps to integrate ‘crypto protection services’ into its service offerings. With the bank currently holding €9 billion assets under its management, this is a significant move for the German banking sector. Donner & Reuschel spokesman, Marcus Vitt, has the following to say about the decision: “We have been observing the digital assets market for quite some time and are convinced of the potential of blockchain technology also concerning classic securities transactions.” “Blockchain technology will result in the greatest structural change in the financial industry that I have been able to experience so far in my 20-year banking career.” Vitt went on to say, emphasising the importance of ensuring banks move fluidly with the ever-growing interest in cryptocurrencies amongst the broader population. However, this is just one step the centuries-old bank is taking in the midst of the changing digital currency landscape — Donner & Reuschel are intended to implement further crypto-related offerings to their services, although which form these will take is currently an unknown. On a broader level, last December the German government relaxed laws around issuers and holders of crypto-based securities requiring paper certificates as a means of documents transactions — another signifier of the nation heralding itself as one of western nations most ahead of the curve in this sphere.
Discover the fastest growing Explore the ecosystem
1. Download wallet
Download the free DagWallet application to your phone or computer, or set up a Dagcoin webwallet account.
2. Get dags
There are many ways to get dagcoins – purchase from SwipeX, receive a Dagcoin Gift Card, or start accepting dags with your business. Find out all the options!
3. Discover the ecosystem
We are building the widest ecosystem for a crypotucrrency ever. This will fuel Dagcoin on the road of becoming the biggest and most usable cryptocurrency in the world.