The shift to a cashless society has fastened with the Coronavirus Pandemic of 2019, with QR codes and check-in Apps becoming the norm in Australia. With the support payments from governments around the world, excess cash has been directed to the Crypto sphere of investment, with the use and knowledge of Cryptocurrencies becoming more of a norm with the 24-36 year old age bracket. It is expected over the next 12 months 4 million Australians will buy trade or use cryptocurrency in some form or another.

The concept of DC Pay was to allow people to frequently use their Digital Currencies to buy, sell, borrow, repay. DC Pay would allow users to avoid the investment consequences that many people fall into. It is believed to bring Digital Currencies into the mainstream, that people should be able to ‘buy a beer from the pub’ or take out a ‘home loan’.

DC Pay token will be a token that can be used as a payment unit which covers transaction fees commonly called gas incurred by users when making transactions through the DC Pay platform, be able to purchase products and services from merchants and will be the required currency to repay loan repayments.