ABOUT MYID AND OK GLOBAL COIN

 

The financial system or services of many African countries has experienced lots of ups and downs over the past years, though some of them are still struggling to find a solution to these ever subsisting problem that have lingered for years, these have actually limited their ability to progress in the financial sector.

This problem continued to subsist, even after the innovation of cryptocurrencies which is powered by the blockchain, in the centralized platform it's obvious that Crypto space is definitely waxing stronger than expected, as a digital financial means the platform are not left behind on this same problem that the traditional financial systems are facing.

The issue of spending high on transaction fee, slow transaction system,

People losing their assets or assets theft,

so dominating the financial system is something that the digital system of transactions is aiming to achieve.

What's the OK Global Coin Switch?

OK Global Coin Switch is a quality Crypto-coin that has the mission of working on its own special blockchain and its presently an TRC21 token off tomochain, it's aiming at relocating to its own blockchain with previous innovation of the beta testing of switch instant payments system.

Ok Global Coin is different from the rest of the cryptocurrencies which have the quality and ability to purchase,the platform facilitates by protecting coins that have lost its worth and damaged coins as well, they made it useful by trading and fiscal services.

The innovation of blockchain has really revamped the whole financial process, in our traditional banking system banks do lend out money belonging to individuals or businesses organizations with the purpose of making profit out of it, but they choose selected individuals and direct the profits to them.

Ok Global Coin has thrown confusion in the traditional financial system by providing some services that they can't provide and one of those services is loaning out individuals money, with the purpose of making profit and after the transaction, they we'll direct the profits to the members that took part and also hold OK Global Coin, that's because it was their money that was used to do the transaction.

What is MYID really?

MYID or we can call it My Identity Token is a utility token that will be used in an optimistic project called "The Money Project" under a company called OK Global Coin.

Actually there will be 3 coins in this project, namely:

1. Ok Global Coin 
Which is coin securities or you can say share ownership in this project. 
And The Owner or Buyer of OK Global Coin has the right or profit from the transaction 
That will be carried out in "The Money Project".

2. MYID / My Identity Token / Coin 
Is a utility token that is not a securities. 
However, due to limitations in the number of tokens, 
Which are only 100 billion tokens, with many users of "The Money Project" 
It is not impossible that the price of these tokens will increase 
(back to the supply and demand factor).

3. Switch Coin
This coin is a stable coin / coin that has a stable value against the dollar, 
Like USDT and this coin is likely to be launched in Q1 2021.

What are the features of OK Global Coin?

1. Compliance
Registered, Licensed, And Insured with proper regulatory authorities
To ensure proper management and operations oversight to protect our.

2. Transparen Cy

Accounting fully transparent and available online audited regularly by 3rd party administrators 

To assess value and stability of investments.

3. Smart Management

Leading industry specialist and firms working towards goal of offering services 

While ensuring conservative consistent growth. The top global.

4.Convenience

Faster account reconciliation for merchants and lowest cost services for all participants.

Payments made easily via a phone app or card.

Services Details

PAYMENT
PROBLEM:
High merchant card processing fees & long account reconciliation times . Trillions of dollars are transferred annually via card payments from customers to merchants and fees are typically 1 to 3% of the amount charged and include a per transaction fee of between .05-.25 cents. Many businesses monthly profit is only several percentage points, assuming they are profiting at all. Consumers are often charged surcharges and/or require minimum purchases.

SOLUTION:
OKGlobal has no per transaction fee and only 0.1% charge. 1/10th to 1/30th of current percentage rates with ZERO per transaction cost potentially saving U.S. consumers and businesses alone billions per year from fees.

SERVICE
PROBLEM:
High financing rates. Insurance Premium Financing for insurance policies is one of the safest forms of investment available. Insurance companies often require policies to be paid in full. Many people choose to finance the premiums over the course of a year with installments paid back to a financing company that pays the insurance company the total premium upfront. Insurance policies are simply cancelled and funds returned prorated back to the financing company in the event the insured does not pay the loan. Down payments are typically 25-30% and the financing company loans the balance to the insured. The loan amount is sent directly to the insured’s insurance carrier.

SOLUTION:
OKGlobal profits by offering the lowest financing rate in the country and collecting late fees.

PROBLEM: High currency exchange fees. Global currency exchange and remittance is a multibillion dollar industry as a result of the limits and problems of government fiat currency. The fees are expensive and international travelers have little to no option but to pay the fees in order to have fiat currency of the country of their destination.

SOLUTION: Zero currency exchange fees for SWITCH account holders and below market rates for non- account holders. Foreign cryptocurrencies (any crypto other than OKGlobal Coin) will be charged competitive rates.

REINVESTMENT
Unlike other cryptocurrency with trading/purchase value based upon speculation from theoretical or even real use cases, OKGlobal coin holds an increasing raw *forfeit cash value and is used in routine daily purchases and financial services. OKGlobal Coin is hedged against losing all value unlike other cryptocurrencies and solves real world problems while turning the traditional banking and finance industry upside down by sharing profits with each participant and enabling democratized participation into OKGlobal Coin operations.

*Forfeit cash value is the base guaranteed value of the coin in case of complete selloff of coin in speculation/trading market. The forfeit cash value should be a constantly increasing value backed by profits and investment holdings from OKGlobal SWITCH companies. Coin will have both a speculation trading/purchasing value and a base forfeit cash value in the event of complete market crash.(TETHER, USDT similarity)

Banks and financial institutions have been loaning and investing with other people’s money and then funneling those profits to a select few but with the benefits of blockchain technology and OKGlobal coin SWITCH, profits will be justly returned to participating members who hold OKGlobal coin because it was their money that was used to generate profit. It turns each coin into a global investment and trading tool.

Benefits Of Using OK Global Coin

• Minimum Increasing Base Value From Reinvested Returns From
  Service/Payment/Finance/Investment Platform In Case Of Company/Coin Collapse.
• Improve And Expedite Currency Transfer And Reduce Transaction Costs To A Negligible Amount That Is Beneficial To All Participants.
• Retain Or Increase Purchasing Power Year After Year By Outpacing Or At The Bare Minimum Keeping Up With Inflation.

Currency Coins OK Global Coin Buy

• SGD - Singapore Dollar
• MYR - Malaysia Ringgit
• IDR - Indonesia Rupiah
• PHP - Phillippines Peso

Instant Cross Payment And Service Platform

OKGlobal eliminates all merchant card processing problems. OKGlobal has no equipment, no monthly minimum fees. Payments will be instantly processed through a customer’s free phone app via SWITCH platform. OKGlobal has no per transaction fee and only 0.1% charge. 1/10th to 1/30th of current percentage rates with ZERO per transaction cost potentially saving U.S. consumers andbusinesses alone billions per year from fees.

• Instant Payment
• No Transaction Fee
• No Monthly Minimum                                 

Why Our Payment Service?

• 0.1 % merchant payment processing(1/10th to 1/30th less than current market rates) with zero per transaction fees, secured insurance premium financing, global currency cross payments to erase or reduce currency exchange fees and other conservative low to no risk currency management solutions to offer real world benefits while ensuring increasing value of our cryptocoin.
• Free debit cards and checking accounts (held in fiat and/or crypto) to all.
• SWITCH accounting fully transparent and available online. Profits go back into coin ledger balance to increasing intrinsic value and stability of OKGlobal coin. The global community shares profits as individual participant owners.                         

CONCLUSION
By the reduction or elimination or higher service costs, erasing slow transaction, OK GLOBAL COIN Facilitated by MY IDENTITY COIN has proven to be a secure trading platform, that will be operated By only the holder, it's accessible with the use of holder's private special key to keep your assets safe. So mere looking at all these differences the traditional financial system is going to be outdated very Soon.

Website           : https://okglobalcoinsg.com
Apps               : TOMOWALLET App ( Google Playstore & App store)

AUTHOR
* Username BTT : Luhur16
* Profil BTT : https://bitcointalk.org/index.php?action=profile;u=3123703
* ETH : 0x120aF37f06a0e01F22dCAdA168685E897Bb39403