I was on our Facebook Page when one question caught my attention: I am sure someone has asked this, since I was asked, and did not have an answer: what can all these cards be used for? What can they buy with them?
As of now, our virtual prepaid cards are used to load funds to our Cryptoceeds eWallet, Compumatrix Social Network and Trading Portal. It is Cryptoceeds eWallet that can be used to buy stuff from our merchant partners online and offline. However, we are still in the process of growing our merchant base. We are also at the stage of growing our customer base. We are doing this by providing incentives to members joinin us by becoming our market makers and distributors of the virtual prepaid cards.
We believe that by providing incentives, we are able to increase the customer base for merchants and thus attract more merchants to start accepting our Cryptoceeds eWallet as a form of payment.
Like Network Marketing companies, we spend less on advertising in order to provide members the ability to earn while creating a buzz which we expect to attract more members to join our revenue sharing program.
The main goal of the cards is to simplify the process by which people pay online by creating more venues for them to fund their accounts. They certainly don’t have to go to a bank or remittance service to send, obtain a credit card or debit card and not to mention pay the fees. We want them to be able to go to their next door neighbor, a neighborhood store, a merchant or just an associate like yourself. The goto person or place for people to buy a card from, so that they can redeem the code to fund their account which they use to spend online without having to pay hefty fees.
One fact we have to face as a startup is that Cryptoceeds eWallet was just launched recently and of course like any other program, nobody knows about it except for its founding members and owners. The first thing that merchants want from any payment method is a great number of members they can serve as prospective customers which will eventually become their customer. On the other hand, customers want to use a payment method which has a lot of merchants to buy from. We don’t have both. So why do we have the virtual prepaid cards? What can we do? We then create value for using the cards which then turns these cards into a marketing tool and an online business that increases both number of merchants and customers by allowing them to earn from us through our revenue sharing and monetization platforms. Customers becomes our members first enjoying the benefits and perks of distributing our cards on a global scale. It is the tool that creates the buzz which solves our need to increase our membership base.
While it is true that Cryptoceeds eWallet don’t have any use for merchants as of yet, it can be used to grow your earnings via the trading portal while at the same time growing our membership base who works as market makers and distribution channels. With the cards, we can grow at a rapid pace. The cards not only increases our membership base and merchant partners but it also brings us an astronomical revenue growth which can further use to provide better services, faster settlements and a lot more that will come our way.
You are all lucky to be part of this point in time where you will be able to see your income or earnings grow together with the company.