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SAVING THE COIN APP

SAVING THE COIN APP. WHAT WILL IT BE ABOUT. A device or a way to make sure the people cash on the loose change that they waste due to negligence and obliviousness.

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SAVING THE COIN APP

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  1. SAVING THE COIN APP

  2. WHAT WILL IT BE ABOUT A device or a way to make sure the people cash on the loose change that they waste due to negligence and obliviousness. People tend to waste a lot of coins in day to day life and the idea is to make sure each and every cent of the customer is saved and utilized. The whole idea works on saving the unwanted or unconsciously wasted money and probably utilize them in the near future.

  3. HOW WILL IT WORK Develop a mobile app for ioS and android which people will be asked to download. After downloading, the customer will register on it and create a unique id-password and create his profile basically. Now, whenever he goes to buy something and is needed to be given any kind of change back, the merchant will virtually transfer the change back to him using this application in the form of virtual points which can be redeemed anywhere any place that accepts these coins or our service. So the idea is to create a virtual currency which would help the customer in getting away from the bulky coins.

  4. WHY IS IT NEEDED Around $10 billion in loose change sits idle in American households. Each individual household in the United States has an average $90 of loose change lying around. In the US everything that you buy with cash gets you some change back. It is very inconvenient to carry. 25% of Americans use cash only for their purchases. 75% of Americans use cash for purchases less than $15.

  5. TARGET MARKET People doing cash purchases We have not thought of which country to target at. People having hatred towards managing coins, which is universal.

  6. THANK YOU

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