Better than Cash. Introducing [1502]’s ‘Cash-Coin’

Anonymous peer-to-peer (i.e., mobile-to-mobile) bitcoin payments. It’s as easy as handing over cash, it’s digital and it’s free. No personal data validation is required. No bank or credit account, ID, or SIM card is required or ever recorded.

While Bitcoin’s utility is growing incrementally in our lives, it’s been lacking a practical, applied platform that could leverage its true potential. The majority of ‘crypto-companies’ decided to cuddle up with the representatives of the old financial world for faster short-term tractions. Instead, we chose the consumer-oriented path that puts people, privacy, and inclusion first. Literally, anyone can join [1502] and become a part of the global Bitcoin economy.

[1502] has no connection to the old financial system and doesn’t interface with any Fiat currencies. [1502] users can purchase bitcoin from any bitcoin exchange service provider and then transfer their bitcoin into their [1502] wallet to take advantage of [1502]’s global reach and zero financial transaction fees.

[1502] does not require any form of personal validation, such as presenting an ID document, or linking a credit, debit card, or bank account. [1502] also does not require a mobile phone operator-issued SIM card, only an iOS or Android smartphone with the [1502] app and internet access for setup.

After setup, users can even use [1502] offline due to [1502]’s unique ‘Cash-Coin’. Another innovative feature of the ‘Cash-Coin’ is the fact that it can be transferred peer-to-peer using QR code technology to another [1502] user without exchanging any personal information.

To take a deeper look at the ‘Cash-Coin’ and how it compares to today’s Cash, let’s review a few characteristics of cash.

Cash ensures your freedom and autonomy: Banknotes and coins are the only form of money that people can keep without involving a third party. No need to access any equipment, the Internet, or electricity to pay with cash. If we do not count [1502] as a third party by the above definition, ‘Cash-Coin’ is a way to pay without any other equipment. You can get bank notes out of an ATM (with access to the internet and electricity) for later use, but you can also mint a ‘Cash-Coin’ in any nomination while being online and later use without internet connectivity.

[1502] users can keep as many ‘Cash-Coins’ in their ‘Cash-Wallet’ as they want and always use them offline, like keeping a few bills in their leather wallets or pockets. And if you don’t need the ‘Cash-Coins’ anymore, you deposit them back into your ‘Online Wallet’ like depositing cash into a checking account at an ATM.

Cash ensures privacy: Cash transactions respect our fundamental right to have our privacy, data, and identity protected in financial matters. As mentioned before, the [1502] ‘Cash-Coin’ allows for the transfer of bitcoin without needing to unveil any participating identities.

Cash is inclusive: Cash provides payment options for people with limited or no access to any financial service, or electronic payment system.

It’s so fundamental that it needs to be reemphasized that [1502] does not require any form of ID verification or to attach a credit card or similar information to your account. [1502] also does not require a mobile operator-issued SIM card for sign-up, which makes it the automatic first choice for socially vulnerable people. Cash is fast, secure, and a store of value: Cash payments as well as all [1502] transactions, settle immediately. Cash can’t be electronically intercepted, and neither can be a ‘Cash-Coin’.

Despite and especially because of its practical and anonymous use, [1502] provides one of the most secure solutions in the marketplace. The [1502] ‘Treasury Wallet’ includes your Bitcoin public address, which is uniquely generated upon each use. The intention is to prevent potential attackers from following you and your transactions. Still, you can keep receiving bitcoin funds at all public addresses you ever shared with someone else.

[1502] means freedom via free, fast, easy, anonymous payment. The true cash alternative is as good as cash with the convenience of your mobile.

The [1502] model is simple, practical, and effective: Zero fees. Free global messaging, calling, and video calling. 2 GB of free and secure cloud space. And of course, free, and instantaneous Bitcoin transfers from and to the ‘Treasury’, ‘Online Wallet’, and ‘Cash-Wallet’.

The [1502] Bitcoin Privacy Wallet and Messenger will be available in app stores shortly.

For early, public beta access to the App, click here.