Just another Reason
ZEIT will be the Greatest Success Story of this Century!
ZEIT can transfer any amount of
ZEIT anywhere in the world at the speed of
Lightning!Transactions fees are basically non-existent compared to other Services.
ZEIT Solves these Issues and unlike PoW coins, our costs to run our network is not caught up in a ASICS Arms race.
ZEIT itself is the mining equipment, which unlike PoW ASICS, will always be Valuable.
Compare with the Current System and their Fee System
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Competition in international transfers
Taavet Hinrikus, known for his role as Skype's first employee, was living in London but still receiving his paycheck from Estonia, where Skype is based. Hinrikus' friend Kristo Kaarmann was living in London but sending money back to Estonia to pay a mortgage. Both faced currency issues and hefty fees.
Three years later, the company they built to make low-fee, international fund transfers, TransferWise, is working in more than 20 currencies.
Still, there are other companies working in the international funds transfer industry. PayPal offers an option to convert a payment in a foreign currency.
Western Union says customers can send money "anywhere," starting at a $4.99 fee, although rates vary widely the world over and foreign exchange rates and other service fees still apply.
To send $500 to Greece using Moneygram, for instance, requires a $35 transfer fee and an exchange rate that results in only 362.16 euros being received, if the $35 transfer fee is included in the exchange. If the Moneygram fee is not calculated in the exchange and is instead paid separately, 389.42 euros will be transferred. Had the money been exchanged at current market rate, 406 euros would have been transferred.
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Other Future Uses for ZEITVoting Systems
ZEIT Ad Network
ZEIT is Perfect for the MicroPayments Markets.
ZEIT The Best Security System ever Designed.
Lock/Keys systems that require input from
ZEIT addresses to unlock.
One a Real World Lock, that waits for a certain amount of
ZEIT to be sent to unlock it,
Imagine coming home and sending .0007
ZEIT to your house's
ZEIT Address to unlock your front door.
And since it is set to only recognize input from Specific Preset
ZEIT Addresses, No one else can use it.
Or sending .0001
ZEIT to your sprinkler system to turn on the sprinklers and .0002 to turn it off.
Could also be used as a Multi Lock requiring multiple people to send
ZEIT to open a vault with priceless artwork.
or Software designed to work for a specific amount of time based on the amount of
ZEIT received at an specific address.
(ZEIT Address & amounts can't be counterfeited.)
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