Q&A 102: What are the Benefits of
Paying with American Coin vs Fiat Money?
1) Accessibility to Global Users. Anyone, who has a smart or internet-connected computer, may use American Coin for their daily purchases anywhere in the world. American Coin is available to populations of users without access to traditional banking systems, credit cards and other methods of payment.
2) Mobile Payments Worldwide. American Coin users can pay with their coins anywhere they have Internet access while keeping their personal information confidential to complete any transaction worldwide.
3) Extremely Low Transaction Fees for International Payments. Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since American Coin transactions have no intermediary institutions or government involvement, the costs of transacting are kept extremely low that is be ignored as a cost in most cases.
4) User Autonomy. American Coin allows users more autonomy over their own money than fiat currencies do in any country. Users are able to control how they spend their money without dealing with an intermediary authority like a bank or government.
5) Discretion. American Coin transactions are much less readily linked to personal identity than traditional forms of payment. All American Coin purchases and/or sales are discreet. Unless a user voluntarily publishes his American Coin transactions, his purchases and/or sales are never associated with his personal identity, much like cash-only purchases and/or sales, and cannot easily be traced back to him.
6) Peer-to-Peer Focus. American Coin users are able to send and receive payments to or from anyone on the network around the world without requiring approval from any external source or authority. It is purely peer-to-peer.
7) Elimination of Banking Fees. American Coin users are not subject to the litany of traditional banking fees associated with fiat currencies, such as account maintenance or minimum balance fees, overdraft charges and returned deposit fees, etc.
