Many companies ask themselves the question: "Why should I accept a crypto currency as a payment option?" and then "How do I pay my costs, which will continue to be invoiced to me in EURO/Dollars?Conversely, potential customers ask themselves the question "Why should I buy coins when there are no shops/markets where I can spend them?"
- First of all, a crypto currency must meet the legal requirements of a country.
- An exchanger is needed so that coins can be purchased quickly and easily.
- A wallet is required for the storage and administration of the coins.
- Crypto currency also means that a blockchain is needed
- The payment process is to be carried out online and offline using an APP (Android and iOS).
- Everything together must work safely, quickly and at low cost.
At this point, you may ask yourself: "Can all this really work together?
I assure you: YES!
I currently just know one crypto currency that combines all 6 of the above points, which is the Rainbow Currency (trading symbol YEM). Rainbow Currency was founded in November 2017 by more than 3,200 members worldwide.
To function as an independent currency, it is managed by the Rainbow Currency Foundation, a non-profit organization based in Las Vegas, Nevada, USA.
Why does the economy need a new crypto currency? Why has Bitcoin and Co. not yet been able to establish themselves worldwide as a payment option?
The majority of coins currently in circulation are not a currency in the strict sense. Most of them are tokens for projects that will (should) be developed in the future.
A currency is used exclusively to pay for goods and services. Bitcoin (BTC), for example, fulfils this requirement. However, it is not in a position to represent its (exchange-) value or its value in local currency at the time of a purchase. However, this is a mandatory prerequisite for proper taxation of the turnover made. Due, among other things, to the lack of tax registration, Bitcoin has been denied widespread use as a payment option until today.
From my point of view the Bitcoin remains a pure speculation object for traders. In addition, it is used with preference as an anonymous payment instrument for the most diverse criminal machinations.
The Rainbow Currency (YEM) shows you how it works better and from my point of view correctly.
The information shown here on the blockchain is required for correct taxation (for both buyers and sellers). Currently, I am not aware of any other blockchain other than the TWNKLCHAIN developed by RCF for the YEM, which provides this information to the user.
In the following chapter I would like to show you the advantages of the acceptance of the Rainbow Currency (YEM) on the basis of 4 company priorities:
1. CUSTOMER ACQUISITION
Develop an additional target group
With the acceptance of YEM you address customers who would like to pay with a crypto currency. Paying with crypto currency is currently still not very common. As in the early days of EC card or credit card payments, companies that jumped on this bandwagon first will benefit the most.
Using the additional payment option as a marketing tool.
Give a discount on YEM items and attract attention to your overall offering.
With YEM offers you set alternatives to online platforms like Amazon and bring customers back to your business.
2. PROFIT OPTIMIZATION
Profit from the increase in value of the YEM.
As the marketplace and the demand for YEM continues to grow, the value of the YEM also increases. This could look like this:
Day rate YEM: 0.100 USD
Your daily intake YEM: 100,000
Total value: 10,000 USD
Day rate YEM: 0.150 USD
Your profit: 5,000 USD
Increase in value: 50%.
3. COVERAGE OF OPERATING COSTS
Of course, at the moment you still pay your purchases, rent, energy and more predominantly in Euro/Dollars. Therefore it makes sense to offer only a part of your product range in YEM. Or to create combinations. A restaurant, for example, offers the payment of drinks in YEM while the meals are still to be paid in EURO/Dollar. Another example: An electronics retailer only offers discontinued models and remaining stock against YEM. There are no limits to your inventiveness!
4. LABOUR COSTS, MAINTENANCE AND OPERATION
In contrast to previous payment methods, which usually require a chargeable terminal, as the recipient you only need a computer with internet access for the payment process with YEM and your customer also needs a computer for payments of online purchases or a smartphone for online and on-site purchases. You do not incur any additional setup costs and no extra maintenance is required.
Do you have any further questions or would you like to know more? Then please contact me using the contact form at the end of the page.
You are already fully motivated and want to start directly? Then please register directly here
Oh, before I forget - I am naturally pleased about your comments. Simply click on the headline above, then the comment function will appear below this post (if not already visible)
For some of you it might be brutal to face the truth, but rest assured that it is best for you and other crypto enthusiasts to wake up now.
Some of you might think right now ‘what the heck is he talking about’, rest assured, in a few minutes you will understand.
Bitcoin (BTC) is dead! Well, its heart is still beating, but it is the heart of a slowly dying dinosaur. And most of its babies, thousands of so called cryptocurrencies, are dying as well. Why? Because many of them are scams, initiated by fraudsters who want to make some easy money. Statistics say that bad guys collected billions of dollars thru fake ICOs and they are still gearing up to collect more.
Now what about the honest ICOs? At least there is a little chance for success. But most legal ICOs are nothing else but start-up companies, and as we know, about 99% of all start-ups fail. No matter how good a project or business idea might sound, 99% of them fail.
This is not like I want to wash your brains and give you some fairy tale. Open your favorite search engine and look for how many ICOs did fail and you will see the numbers. Even from the 2017 ICOs, already more than 50%, are gone less than a year later. Open your eyes and understand what’s happening out there. Billions of Dollars destroyed. No matter how good a project may be, it fails.
But hey, the BTC itself
is no start-up, it is not a business idea, it has been praised as the future of
payment processing, as the new global money for future generations. Well…
sounds nice, but what about the reality? Let us check some facts:
When you ask BTC enthusiasts about the advantages of BTC, here is what they tell you:
1) Bitcoin allows 100% anonymous transactions.
That is true, and it makes BTC the most wanted and most used currency for fraudsters, dealers, terrorists, in short words; BTC is the currency of the bad guys. In return, if you buy BTC at any exchange or marketplace and you don’t know who is selling, you are supporting the bad guys. You might help a fraudster to whitewash money that he just stole from your neighbor, or money from selling child porn, or money to build a bomb. Of course, you don’t want that, but just by buying BTC you participate in a system that is supporting crime. Think about it!
But Bitcoin has more
2) According to the fans, BTC transactions are fast, secure, cheap and convenient.
Have you heard that before?
Well, I say, BTC transactions are slow, risky, expensive, and totally complicated. Have you ever tried to explain the process of opening a wallet, funding it with some BTC, and making a first payment to an average person? I tried and I failed. There is no secure and convenient solution to make BTC payments, and you must wait up to 2 weeks to have the payment processed. Minimum waiting time is 30 minutes, which feels like a year at the cashier in a restaurant for example, or wherever you want to pay with Bitcoin.
And I know that the BTC fans will say “We have the solution!! What about BTC?” It‘s funny to build another system on the Blockchain to make BTC faster? It makes no sense if you think about it. Be realistic. Collect the facts and think about it.
3) Often you can hear
that Bitcoin is the digital gold. And just because supply is limited, and
because it is more and more difficult to mine new BTC, the value (therefore)
MUST go up!
Really? Let us check on the real gold. What is happening with a gold mine when it is too expensive to dig for gold? I can tell you… they close the mine! And you can see exactly the same happening for the Bitcoin mining industry. Since the BTC price imploded from US$20,000 to US$3,900 (more than 80% decrease in value), more and more professional miners are going bankrupt, closing their businesses, or simply disappearing with all the money they have collected from average Joes.
Don’t believe in fairy tales! Check the facts!
4) With Bitcoin you can
make international payments without governments, authorities and banks involved.
Honestly, I don’t see why this is an advantage, especially when you realize that governments around the world won’t allow for the long-term, these kind of transactions. It might be possible now, but what about in 2 years, in 5 years, in 10 years? Do you really think that they will allow a system that is supporting crime, terrorism, money laundering, and tax fraud? THEY are making the laws, and while we are talking, they are working on international laws and rules for cryptocurrencies. Read the news, (don’t just believe me), read the news, and you will find evidence that I am right.
Bitcoin was the first to try to establish a new technology, the blockchain technology. Unfortunately, the first try is very seldom the best try.
Do you know the name of the first Internet search engine that has been online? It’s not AOL. Lycos is another old one, that’s not it. And no, it is not GOOGLE.
Most of them - the market leaders-are not even there anymore. Because building a search engine on the internet was a very good idea and very helpful for all of us, but the first guys did not make it.
Do you know the name of
the first on-line social network? Guess
what? It is NOT Facebook. It was a great idea to create a social community and
social network, but it was not the first guys who made it. It was a great idea
to have a social community, a social network, however it was not the first guys
who made it.
Next question: do you
know when the first automobile was invented? Not the one who patented it. Those
were the German guys, Daimler and Benz. And, they are still there, for sure.
It’s not FORD, guys! You won’t believe it: It happened in the 1670’s, somewhere
in the XVII Century! That was the first automobile, but it was not that handy
so it did not make it. The same thing for the first airplane, the first TV.
None of the first movers survived. It has been always some smart people who
learned from others' failures or who saw the potential of an invention that was
made by someone else.
We did not invent
digital currencies; we did not invent the blockchain. But we can see the
potential, and we are one of a few, if not the only project that is working
hard on creating our own economy around a real cryptocurrency that is built to
fulfill all legal requirements that might be established in the near future.
Some rules are already in place, but most of the market is simply ignoring them. I can tell you that it is never a good idea to ignore an authority, especially if it is the IRS. By law, you are in charge of every transaction in your name; you are in charge of bookkeeping of the values; you are in charge of reporting to your tax authorities.
But with the given system of most cryptocurrencies, it is very difficult, if not impossible to do so. Do you think the IRS is interested in any excuses? No, they will dig deeper, they will find your transactions, and they will sue you for tax fraud. And if you think you can hide, please have in mind that all blockchain transactions are public and transparent.
The main purpose of a
currency is to pay for goods and services. And it is your duty to pay any taxes
due. The only digital solution I know is the Rainbow Currency (YEM) in
connection with the TwnklChain and a PerNum Wallet.
Back in March, the
German Department of Finance informed all national tax authorities about the
legal rules for the usage of cryptocurrencies making payments for goods and
services within the EU.
Rainbow Currency is fulfilling all requirements and we are proud to be the first who bought real estate with cryptocurrency, and to be the first who sold a car through a dealership in Germany for Rainbow Currency.
Registering a liability company with YEM
And we are reaching the next milestone by registering a ‘limited liability company’, in German GmbH, and paying the liability capital in Rainbow Currency!
Some of you might not understand how big this is - let me tell you that it is like being the first human being on planet Mars. This is bigger, like one million times bigger than having our real estate deal, because for a real estate deal, it’s between two private parties. Registering officially a company means (at least in Germany) that you have to pay in CAPITAL, and the official registry is confirming (through a notary) that the capital is fully paid in, so that even if it is a Limited Liability Company, this limited liability is covered by a value, by capital. And we are using Rainbow Currency for that. This has never ever been done before, but we are doing it! And yes! That will be in the news and that will attract more people to say “What are you doing there? How did you do that? This is impossible to do.” Well this is possible! You need to think it first, and then you just need to do it. But you need to do it right, because we are talking about authorities here. We are talking about handling notaries, lawyers, CPAs, the contents, judges, because in Germany when it’s about being registered as a company, there is a special court for it.
With all that said, we are not willing to open our currency for anonymous transactions, which would attract the bad guys; we are not willing to open our currency for wild west trading, like all the other cryptocurrencies that are traded; we are not willing to hide from authorities like so many bogus projects out there. We are here to stay, we are here to disrupt industries, and we are here to make history.
A German car dealership is writing history these days with the sale of the first car against crypto currency in German-speaking countries. A Hyundai i10 can be auctioned currently, whereby the bids are made in YEM.
The car dealership Gerdes in Oldenburg (Oldb.) goes new ways in car trading. Nationwide for the first time a demonstration car is offered exclusively against payment with crypto money. The whole thing works within the framework of an online auction in which bidders from Germany and abroad can participate. Already in the first days the auction was visited a thousand times, and at the time of this article already more than 250 bids were made.
"We are very pleased about the success of this campaign", says Wim de Heer from Autohaus Gerdes, "we had expected some resonance, but this flood of bids surprised us a lot". In fact, the current highest bid is already well above the value of the vehicle. Daniel Settgast, Marketing Director of the American company Shobbit, which operates the auction platform, explains why: "Bids can only be submitted in YEM. YEM is the symbol for the Rainbow Currency, a still mostly unknown crypto currency. The value of the YEM has risen sharply in recent months, so that bidders have paid only a fraction of today's value out of their own pockets. So it happens that the winner of the auction only paid 500 or 1,000 Euros for the YEM at the end, with which he gets a car for 10,000 Euros."
So it is too late for newcomers to get a bargain here, but Wim de Heer has good news: "This first vehicle was only a test. Crypto money and blockchain technology will not only change the automotive industry over the next few years. As a modern car dealership, we recognized the trend early on and are currently developing further products. For example, it will soon be possible to pre-order new vehicles against YEM, whereby the car will then be registered in the blockchain with the help of a Smart Contract. If the YEM then reaches a predetermined value within a period chosen by the customer, the order of the desired car is triggered and the customer can save 50% and more."
Even more money can be saved by participants in a blockchain based Car-Sharing project starting in 2019. "In a few years, for many of us sharing cars will be a common thing. We have recognized the signs of the times and, together with crypto experts, we are developing strategies that will make particular use of our environment friendly electric, hybrid and hydrogen models."
But why was Rainbow Currency chosen as the crypto currency and not Bitcoin or another of the more popular digital currencies? "Other currencies are very volatile, and many do not meet the requirements of the Federal Ministry of Finance for use as a substitute currency for the Euro in payment transactions. The Rainbow Currency has even been used for property purchase contracts here in Germany, so it is the best choice for this project".
question that remains is why hardly anyone knows the Rainbow Currency or the
abbreviation YEM. Settgast also has an answer to this question: "This
currency was developed by an international network that can only be joined by
invitation. This network is called SafeZone and now has more than 3 million
members from all over the world. But if you haven't been invited (yet), you
haven't heard about it. Thanks to our cooperation with Autohaus Gerdes, many
will now be able to enjoy an invitation."
Interested in more? Visit the auction platform: TWNKLBDS
In Germany, only Bitcoin 2013 has been recognized by the German government as a "unit of account" for legal and tax purposes. Thus, the German Federal Financial Supervisory Authority (BaFin) classifies Bitcoin as units of value comparable to foreign exchange.
Thus, most crypto currencies only fulfil a "payment function" as a side effect.
Fiat money is an object of no intrinsic value that serves as a means of exchange. The opposite of Fiat money is commodity money, such as tobacco, rice, gold or silver, which, in addition to its external exchange value, also has an intrinsic value that is independent of government decrees as long as it may be used to pay.
Today's monetary systems usually do not set the value of the currency at an official rate with a commodity. Instead, the value of the government's power to prescribe the currency as legal tender is secured. By a legal definition as means of payment in a currency constitution alone, however, it does not necessarily acquire the characteristics of money, but only through the general acceptance of trading partners (payers, recipients) also with regard to the value and exchange rate of the currency.
Fiat currencies are the most common means of payment in the world, whereby the value of a currency is primarily based on the faith of the participating partners in the currency.
The European Banking Authority (EBA) defines virtual currencies as a digital representation of value that is not created by a central bank or authority and does not need to be linked to legal tender. Virtual currencies are used by natural and legal persons as a means of exchange and can be transferred, stored or traded electronically.
Rainbow Currency is already recognised in the European Union as a virtual substitute currency for the EURO if both trading partners agree to settle a transaction with Twnkl (YEM) as a payment option.
Which marketing system is the better one?
Honestly? - There is no answer to that. It is individual and different for each person. One likes this, the other likes that.
Therefore I will here (only) point out the special features of the different variants, so that everyone can decide for himself/herself where he/she feels most comfortable.
In general, the following applies to any online business: As for a newly opened offline business, I have to invest. In offline business it is sometimes a lot of money, in online business it is (less) money and/or time. If you have money, you can boost your business faster by targeted advertising measures. If you have little or no money, you have to make up for the lack of funds by spending more time.
As the name suggests, this is about building a network of partners. Network Marketing is characterised by the fact that commissions are sometimes paid down to the infinite level.
Conversely, this means that the commissions paid are lower compared to affiliate marketing - especially on the first level.
In network marketing (also known as multilevel marketing, MLM), duplication is a popular term. That means nothing else than that your partners copy what you exemplify - selling products, registering new partners.
Due to the lower commissions distributed on the first level in network marketing, it takes longer until a sufficiently high income can be achieved.
My personal experience:
Many products in network marketing are overpriced and do not have a unique selling point, as it is often claimed. The commission payment over numerous levels, sometimes to infinity, ensures a price that is not in line with the market. Therefore, Network Marketing forces almost every participant to find as many of its own consumers as possible so that its own purchase price is "reduced" by commissions.
Here is the description on Wikipedia: https://en.wikipedia.org/wiki/Multi-level_marketing
Affiliate marketing is primarily about marketing a product or service. The affiliate partner is the intermediary between the company and the customer.
The earnings are generated by a series of (recurring) customers who purchase products through the affiliate partner.
In contrast to network marketing, affiliate marketing does not build up any in-depth structures. Commissions are mainly paid only on the 1st level (direct partners), in some cases there is also remuneration on the 2nd level.
Due to this "short structure", the commissions paid in affiliate marketing are significantly higher than in network marketing.
The disadvantage of affiliate marketing is that you permanently need new customers to generate a lucrative monthly income.
For a permanent influx of customers, intensive online marketing is recommended, e.g. through an own blog with information about the advertised products.
Here is the description on Wikipedia:
Invitation marketing is a hybrid of network marketing and affiliate marketing.
It combines the advantage of fast earning and high commissions in the 1st generation from affiliate marketing with the advantages of earning from network marketing, in our case to a total of 5 generations.
In simple terms, invitation marketing allows you to generate income even when you are not actively generating new customers. This is the strength of our system.
This form of marketing generates the fastest and highest commissions in the 1st level, at the same time you participate in the successes in a total of 5 generations. If you are a networker and are currently reading this blog, I strongly recommend that you read more information about the Global Success Pool (GSP). You can find this information here. This pool is specially designed for network professionals.
As a "normal" member you benefit from our Personal Success Pool, more information can be found here.
However, it must be taken into consideration - there is no automatism to become rich! Personal commitment, money and/or time are also the prerequisites for reaching the goal.
Twnkl Soccer is a FREE game that will take place for a limited time starting on June 13, 2018 and will run for the duration of the soccer World Championships, which starts on June 15, 2018.
Twnkl Soccer is a service of PRIZEMANIA Ltd. and is an example of a custom Prize Campaign Marketing Instrument that other businesses can offer through CBM for their own product, service, event, or other promotion.
SOLARIO Webinar on Friday June 1, 2018 at 20:00
In this webinar you will learn the basics of the SOLARIO crowdfunding campaign, what opportunities you have to participate and how you can market the project as an affiliate partner.
In addition, you will receive all the information you need to know from the whitepaper in German.
Invited are all active SOLARIO partners, people looking for a new or expanded affiliate opportunity and all people interested in solar energy.
The latter will get to know a completely new technology.
A few hours ago I received the confirmation that the inventor and patent holder of the SOLARIO technology, Mr. Joachim Kleber, will also attend the webinar as a guest.
He will certainly be able to give us additional information and answer questions from the participants.
You can register here: http://www.anymeeting.com/PIID=ED55DB87814A3F
Buying a condominium with Bitcoin or Ether has never been done before in Germany. A young auction platform changes this now, because on TWNKLBDS (pronounced Twinklebids) one can bid on a real estate in Chemnitz with digital money.
One of the world's first crypto real estate auctions is currently taking place in Germany. An apartment in Chemnitz is for sale at www.twnklbds.com with no reserve price or minimum bid. The highest bidder does not pay in Euros or US Dollars, but in Rainbow Currency, a young but successful digital currency that has already been recognized as legal means of payment by the Federal Ministry of Finance (Germany). The Rainbow Currency tradable unit on international exchanges, is called Twnkl (ticker symbol YEM), from which the name of the auction platform is derived.
Within a few hours the auction was viewed several thousand times and numerous bids were placed. "The campaign is already a great success." Cate Kozikowski, CEO of Unicorn Network, which is the initiator of this project, reveals: "Several property owners have announced that they will list more apartments," and further "other products and services can also be auctioned at TWNKLBDS for crypto money, currently listed are electrical appliances, jewelry, clothing and other items". The maximum bid for the condominium is currently just under US$1,400, so bargain hunters should be vigilant.
Last week Rainbow Currency already attracted attention with the announcement of the completion of the first German real estate purchase with crypto currency. Now follows the first real estate auction with digital money and makes the Twinkle finally the first choice for blockchain-based real estate transfers.
View to the auction site
Already on March 16 a notary contract was signed in Aue (Saxony) under which the purchase of a rented condominium apartment was handled completely in crypto currency. Now the responsible land registry office reports that the new owner has been registered.
A rented condominium in Meerane (Saxony) changes ownership. What does not sound like a headline at first glance turns out to be a sensation in the still young crypto currency market: for the first time the complete purchase price for a property in Germany was paid with digital money.
That's why it is interesting for YOUR company to accept Rainmbow Currency!
11. Dec. 2018
Bitcoin - the slow dying of a dinosaur
10. Dec. 2018
Sell products for a fixed YEM price
16. Nov. 2018
First cryptocar seen in Germany
14. Nov. 2018
The Difference between Crypto Currency and Virtual Currency
5. Aug. 2018
Winning Details Twnkl Soccer
19. Jul. 2018
Affiliate Marketing, Network Marketing, Invitation Marketing - which one is it?
4. Jul. 2018
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