Digital Cash Issuers
So, who wants to issue their own private digital money?
The issuance of money is an economic and social function which is obviously (at this point) far too important to be left to the mendacious vagaries of government monopolies. What the Voucher-Safe digital cash architecture fundamentally represents is the ability to bring the function of issuing and circulating money back into the private sector, where it belongs. Moreover all digital money needs to be as anonymous and untraceable as physical cash. The mint and the payment system need always to be separated. A Voucher-Publisher's network provides the p2p anonymous payment system. The independent Issuers within that network perform the minting functions. (And possibly wholesale in and out-exchange functions as well.)
That said, money can hardly be issued by just anyone. There is a clear fiduciary responsibility to the holders of the money, to ensure (for example) that gold or cash or bitcoins or other backing for the vouchers in circulation are always sufficient to back 100% of the circulating value. (Unless it's a fractional reserve currency of course, but even then there's a guarantee as to a lower bound.) Issuers naturally compete with one another for market share. (Competition comes to money, imagine that!) Issuers can also serve the needs of particular markets, or the members of some organization, or the denizens of some particular region, for example.
In addition to convincing us that you're trustworthy (because a failed Issuer could bring disrepute upon fellow Issuers in the network), we'll need you to pay us a fee of between US $100,000 and $200,000 for licensing the use of the Issuer software, and for assisting you with the work of integrating your accounting and other control systems into the Voucher Publisher network and related systems (such as the SVX and OnionPay). We're also asking for at least 20% of the negotiated fee as earnest money down. An Issuer has the right to set the value of their tokens, used to pay for transactions done in their vouchers. Basically, a lower token cost translates to a higher up-front registration fee, and vice versa. The fee negotiated will depend on this and other considerations, and also includes:
- Perpetual VPN Login Credentials.
- The right to issue crowdfunding vouchers also, to fund the startup (same as an Issuing Merchant).
- Development consulting for systems integration, with a $25,000 prepaid credit (500 billable hours).
Because these terms may require further negotiation, and the establishment of a contractual relationship between the DCA and the Issuer, we cannot offer this product for sale on this site. If you are interested in becoming a digital cash Issuer, or would like more information, please use our Contact Page to let us know.