Economic Toolbox for the poor - a practical approach

What if we could change societies not from the top down, but rather from the ground up? There are a lot of things that needs correction for the middle class to return to its former position and for poor people to be able to climb up the ladder most importantly. This could for example include

• Coorperations and Ownership made cheap and easy
• Financial accessability with ability to transfer value in similar fashion as of todays banking systems but in a more efficient and cheaper manner
• Savings / compound interest accounts with good interest rates
• The avoidance of FIAT currencies and or the ability to store wealth in tangible assets or cryptocurrencies
• Access to good loans and investors

So what tools are available today to acheive this, and or what tools are or can be developed to acheive this?
Well here is one answer, but to me its quite an astonishing future if we manage to bring it all together

Estonia based Coorporation with E-citizenship

Handles

• Coorperations and Ownership made cheap and easy

The ability to create online firms easily and legally by presenting Passport or other forms of identifications. This process can be accomplished by first applying for e-residency on e-estonia.com paying a one time fee of 100 euro (ouch I know..), and then collecting your e-citizen idcard by simply showing your Id at a local estonian embassy. Then creating a company in Estonia on rik.ee . A local address is still needed but can be aquired for 15 euros per month from say leapin however you do have to file the taxreports and those things yourself, but it is all electronic. You can now also sign any documents with your device which will be legally accepted in the entire EU instead of using notary services and the like.

Integrated online free banking with Digital Cash - DASH

Handles

• Financial accessability with ability to transfer value in similar fashion as of todays banking systems but more efficient and cheaper
• Savings / compound interest accounts
• The avoidance of FIAT currencies and or the ability to store wealth in tangible assets or cryptocurrencies

The ability for your grandmother to sign up in a familiar interface as of current banks on your mobile phone or computer. The ability from an easy interface to create coorporations, store value in Digital Cash (DASH). Why DASH? Because to my knowledge its one of the best cryptos out there. Its scalable, instant (Instant X), and private (if chosen) with a good incentiviced governance model from protocol generated crypto where 10% goes to development 45% to infrastructure and 45% to mining operations. Dash has a product/protocol change coming up called Evolution where users will be able to use Digital Cash without knowing about it (a.k.a. your grandmothers easy transition). I imagine that evolution could be extended to provide ability to transfer Digital Cash to FIAT anywhere in the world (remittance services) by integrating with local banking service providers for example. I know there are already services to pay bills with SEPA or SWIFT transfers for 0.5% fee from bitwala.io

Evolution will create a searchable business index and an easy way to start businesses through an easy interface

To accept payments a user could use the Evolution system to create merchants. A preview can be seen here

The platform will also offer a savings account which is built on the 45% masternode infrastucture revenue. Currenly it is around 8% annualy.

Access to loans

Btcjam is one lending service out there. There are many more that could be used to get access to bitcoins. Then the user can pay the fee to establish the Estonian company also without even having to have a bank-account through bitwala

Conclutions

To sum up, a village/farm/factory/group of people could get 1 person to start an Estonian company, they can split the cost. Sell their goods and services and accept payments in DASH. Everyone could just claim to be part of the Estonian company just started, and each person gets DASH for what he/she sells directly from the end-buyer. Of course when dash is converted into FIAT then the person has to file a tax-report for salary but before that it should perhaps not be necessary depending on the legislation of the country of residence.

The hedge against the local FIAT currency (zimbabwe/argentina fiat anyone?) in the form of DASH savings could also provide a great releif and benefit. Savings could also be spread on sites like vaultoro to save a part in gold for example.

I really beleive that the Evolution system can be built upon further since it is modular and incorporates a DistributedAPI (DAPI for short). In fact, anyone can build an interface on the DAPI and provide end user services which can create opportunities for all.

The biggest hurdle is to be able to accept card payments and receive digital cash for it since cardpayments have chargebacks. The only such service I have seen is bitpagos but they only handle bookings/hotels for now. This hurdle is yet to be solved, but the toolbox for the not so rich entrepeneur is looking brighter.

This is of course just one possible solution, or part of an economic toolbox for the poor, but at least it is one option.