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Example: From Cotton Fields to the Fashion Store
Example: From Cotton Fields to the Fashion Store
A T-shirt travels the world before it reaches the buyer. This used to need banks at every step. Now businesses can do it all by themselves. All they need is a new app for electronic bills of exchange –' ebills' – connected to a global network of 'mints'.
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Fashion Store
🇩🇪
Fashion Store
“Berlin Fashions” prints and sells customer-specific T-shirts online.
They import blank T-shirts from Turkey, and issue a 3-month ebill, which will be paid via their German Bitcredit mint.
They will pay the bill after // selling T-shirts and need less capital.
Benefits for the store
Benefits for the store
Enhanced credit worthiness
Cheap funding for growth
Practical & organised finances
🇹🇷
T-Shirts Producer
🇹🇷
T-Shirts Producer
"Bursa Textile Mills" weaves and cuts premium T-Shirts from Indian yarn.
They take in the German ebill. As it is payable via a Bitcredit mint, their own mint will issue e-cash.
Bursa can now pay their own ebills and the wages of their factory workers.
Benefits for the textile mill
Benefits for the textile mill
Eliminate financing gaps
Unbureaucratic trade credit
Save on expensive capital
🇮🇳
Cotton Grower
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Cotton Grower
"Rajastan Farming" grows cotton and produces high-quality yarn.
They accepted Bursa as a new B2B customer because they offered to pay with a Bitcredit ebill.
Their Indian mint issued ecash for it so they could pay their farmhands.
Benefits for the farmer
Benefits for the farmer
Broaden customer base
High reliability of payment
Immediate liquidity options
Direct business credit with ebills
Direct business credit with ebills
Inexpensive capital | World-wide legal protection | Digital & convenient
How to pay with an electronic bill of exchange (ebill)?
Step 1: The buyer issues an ebill to pay in 3 months
Step 1: The buyer issues an ebill to pay in 3 months
Step 2: Any holder can in turn endorse the ebill
Step 2: Any holder can in turn endorse the ebill
Step 3: At maturity, the final holder requests payment
Step 3: At maturity, the final holder requests payment
Step 4: The buyer pays in the requested currency
Step 4: The buyer pays in the requested currency
Immediate liquidity with ecash
Immediate liquidity with ecash
No payment fees | Instant payment | Private & secure
How to use electronic cash (ecash)?
Step 1: The holder requests an offer from his mint
Step 1: The holder requests an offer from his mint
Step 2: Receives ecash immediately upon acceptance
Step 2: Receives ecash immediately upon acceptance
Step 3: Uses ecash to pay employees and suppliers
Step 3: Uses ecash to pay employees and suppliers
Step 4: Ecash receivers can in turn pay others
Step 4: Ecash receivers can in turn pay others
Just do it!
Early access to the future of finance
How Bitcredit can serve your business
Bitcredit is free open source software
Good to know
Good to know
Bitcredit Core is an innovative software to issue, endorse, pay, and manage electronic versions of the time-proven bills of exchange (ebill), right from a smartphone or PC, and directly between businesses.
A bill of exchange is a written, unconditional order by one party (the drawer) directing another party (the drawee, respectively the payer) to pay a specified sum of money to a payee (the drawer, or a third party) at a future date. In contrast to other forms of payment, for example a post-dated cheque, the payee receives an immediate title of execution from the court for the payer's entire assets, in case of a payment default.
As this represents a high degree of security, the holder can trade-in the ebill with other business partners ("endorse"), sell it to a third party, or convert it into ecash via a Bitcredit mint before the due date.
Image credit: [Fashion store] by [Blockchain Embassy], licensed under Creative Commons Attribution-ShareAlike 4.0 International licence.
Image credit: [T-shirt producer] by [Thenetparadigm], licensed under Creative Commons Attribution-ShareAlike 4.0 International licence.
Image credit: [Cotton Grower] by [Kimberly Vardeman], licensed under Creative Commons Attribution 2.0 Generic license.
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