Sumcoin (SUM)

Sumcoin, the crypto

Sumcoin (SUM) is a decentralized cryptocurrency that runs on its own blockchain platform. It was created in 2017 with the goal of facilitating faster, cheaper, and more secure transactions compared to traditional payment methods.

The point

The main point of Sumcoin (SUM) is to serve as a digital means of exchange that can be used for transactions around the world without the need for intermediaries such as banks or payment processors. It aims to provide a fast, secure, and affordable way to transfer value between individuals or businesses anywhere in the world.

The problem

Sumcoin (SUM) tries to solve the problem of slow and expensive payment processing systems. It aims to eliminate the need for intermediaries like banks and payment processors by providing a decentralized platform where users can exchange value directly with each other. This can result in faster and cheaper transactions, particularly for cross-border payments, which can be costly and time-consuming with traditional methods.