How Scotcoin and The Scotcoin Project can be the fuel to underpin a vibrant and remodeled Scotland
Sounds a little like Bitcoin, right? And it is. It is a digital currency. Most importantly, it is Scotland’s own digital currency.
But – and here’s the giant caveat – Scotcoin is linked to The Scotcoin Project CIC.
It is what’s known as a ‘community interest company.’
This means it occupies a space of charity.
Its job, if you like, is to contribute to a better Scotland.
That’s where any comparison with the likes of the big crypto players like Bitcoin and Ethereum ends.
Because – let’s be honest – they’re just mechanisms for acquiring wealth albeit in digital format.
They sneer at those of us who didn’t buy Bitcoin (BTC) at $100 when it now sits at $40,000+.
There’s that hippie trope buried in there about ‘sticking it to the man‘ with crypto and its decentralisation of the banking process. Peer-to-peer transactions where banks are side-lined.
But these people don’t want to play anything forward. They want to sit and admire digits on a screen.
If you’re ever looking to encounter the hyper smug then look no further than major Bitcoin holder accounts on social media.
The ones that have been ‘in the game’ since the 2010s.
Charity? They wouldn’t give you the steam off their digital wallets.
What we have in Scotland and with Scotcoin and The Scotcoin Project CIC is different. It’s why we’ll invite you to join us a little later.
Pull up a chair, share a drink and let us tell you our story.
Scotcoin was established in 2013 – making it one of the oldest country cryptocurrencies in the world.
It was set up in anticipation of Scotland voting ‘yes’ in the 2014 referendum.
After that energies around it subsided and the IP was acquired by two Scottish businessmen.
To this day they have nurtured the currency on a long and demanding road which will finally lead it to being listed on an exchange, likely this year. Practically, this means it will be possible to buy ‘SCOT’ on one of the biggest exchanges in the world.
The security protocols are being immaculately observed.
‘SCOT’ has the top tier security clearance from crypto security experts, Hacken and has been verified on Etherscan.
A fee-free Scotwallet has been created, eliminating one of the biggest objections to crypto currency. (Complaints about ‘gas’ fees are widespread in the crypto community.
So, what does it mean for Scotland to have its own digital currency?
What difference can it make?
Short answer, lots.
Here’s a micro example of Scotcoin and The Scotcoin Project CIC in action.
We learnt of a quantity of sportswear that was to be incinerated by a third party clothing manufacturer; we offered them Scotcoin as a payment and delivered the clothing to Emmaus Glasgow – the homeless charity.
Individuals in need of clothing got clothing.
The manufacturer benefitted by acquiring Scotcoin.
The environmental damage done by incineration didn’t happen.
Each party got something using Scotcoin as the delivery tool.
Imagine hundreds, thousands of interactions like these.
The difference it could make.
The difference we could make together.
It doesn’t end there. We can use Scotcoin as a means to help the unbanked – a vast swathe of the population who are marginalised simply by not having a bank account.
If you’re looking for a case study let’s look at Switzerland. They adopted a complementary currency called WIR in 1934, which functions as a digital currency. Some 70,000 outlets take WIR; some 600,000 use the currency. It can be used in conjunction with the Swiss Franc as part of a dual-currency transaction.
So, Scotcoin and Pound? Yes, why not?
Everyone invested in Scotcoin and The Scotcoin Project CIC is invested in fueling a better Scotland.
A quantifiably better Scotland. And we believe Scotcoin can be a key driver to achieve this.
That’s why we’re inviting you to join us.
It will cost you nothing.
Even a micro commitment like signing up for a Scotwallet (digital wallet which will hold Scotcoin) helps.
If we encourage more businesses to sign up to take Scotcoin then we make the network bigger and therefore the good that can be delivered greater.
Right now with Scotcoin you can: buy a pint; buy a painting; get your roof repaired; buy a book; hire an IT expert; buy sustainable products. The list and sectors are growing daily.
This is a moment in Scotland’s financial timeline. We are all gifted the opportunity to harness this digital entity, the portal through which The Scotcoin Project CIC can deliver multiple benefits to Scotland and those in need here.
We’ve not even touched on our Green agenda. Ethical search engine company Better Internet Search and ethical travel portal Azolla have committed to using Scotcojn as their native onsite token. Both are Scottish-based. At this precise moment we are looking beyond Scotland to a Scotcoin-driven initiative around the environmental damage done by the palm oil industry, where Scotcoin can be used to subsidise workers who are otherwise forced to be part of the deforestation process in the Congo.
Scotcoin and The Scotcoin Project CIC are also open to talking and engaging. Contact details below. We realise this is about having a conversation with the nation.
Finally, let’s focus on the most important ingredient here. Scotland herself. A country that has proven her ingenuity and vision over decades. Her sense of community. Her sense of social responsibility. Our home.
You can get a free Scotwallet at: www.scotwallet.com
If there are any questions you’d like answered about Scotcoin and The Scotcoin Project then mail us at:
You will get an answer.
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