Diamond Cash : Decentralized Project On Binance Smart Chain

Diamond Cash (DCASH) is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. DCASH is an open source, global payment network that is fully decentralized. DCASH Is a future global shopping currency

What Is The Motive Of Diamond Cash?

In the current scenario it is not a easy task to shopping outside the country because of payment issues or a very high fee. Diamond Cash will develop a payment gateway that will work around the world with no fee ecosystem. As we all know blockchain technology is now adopted by almost every industry so why not the shopping industry use it to make payment system easy. We will provide a payment gateway that will be supported by all shopping websites around the world and a shopper can use it to pay anytime anywhere in the world.

How Diamond Cash Will Solve International Payment issue?

With the increase in globalization, international trade companies have found it easier to expand into new markets. Innovations in communication and transportation have paved the way for globalization, yet many companies struggle with a fundamental aspect of business: the exchange of money for goods and services. Below are Some issues we commonly see importers and exporters face when dealing with international payments

1. Hidden Fees Trade companies are paying far more than they should to receive their own payments. Businesses can incur flat fees on incoming wire transfers, which can be a 10% — 20% fee assessed on receiving the wire. Moreover, intermediary banks are sometimes in the middle of a transaction and charge their own additional wiring fee.
2. Exchange Rates Exchange rates affect both the importer trying to pay for goods, and the exporter trying to collect on the goods. Banks charge a premium on foreign exchange, which is often a large margin above the mid-market exchange rate.
3. Payment Tracking International payments unfortunately don’t have the tracking abilities of carrier services. Importers have no insight into if or when their payments have been delivered into the exporter’s bank account, and the exporter has no view into the status of the payments.
4. Payment Identification Exporters’ Accounts Receivable departments spend time and resources identifying and reconciling wire transfers, as it is often difficult to identify any payer information on a deposit.
5. Importers Can’t Easily Pay Importers are often constrained to making payments via wire transfer, and are unable to utilize more modern payment methods, such as credit/debit card, or e-wallet methods.

Diamond Cash has a solution of all above problems as we mentioned above blockchain technology is one of the best technology in terms of low fee, security, and transparency. Diamond Cash will provide a payment gateway that will solve all international payment issues. Everyone can will be able to shop internationally without having credit cards.