PROBLEM: High merchant card processing fees & long account reconciliation times . Trillions of dollars are transferred annually via card payments from customers to merchants and fees are typically 1 to 3% of the amount charged and include a per transaction fee of between .05-.25 cents. Many businesses monthly profit is only several percentage points, assuming they are profiting at all. Consumers are often charged surcharges and/or require minimum purchases.
SOLUTION: OKGlobal has no per transaction fee and only 0.1% charge. 1/10th to 1/30th of current percentage rates with ZERO per transaction cost potentially saving U.S. consumers and businesses alone billions per year from fees.
PROBLEM: High financing rates. Insurance Premium Financing for insurance policies is one of the safest forms of investment available. Insurance companies often require policies to be paid in full. Many people choose to finance the premiums over the course of a year with installments paid back to a financing company that pays the insurance company the total premium upfront. Insurance policies are simply cancelled and funds returned prorated back to the financing company in the event the insured does not pay the loan. Down payments are typically 25-30% and the financing company loans the balance to the insured. The loan amount is sent directly to the insured’s insurance carrier.
SOLUTION:OKGlobal profits by offering the lowest financing rate in the country and collecting late fees.
PROBLEM: High currency exchange fees. Global currency exchange and remittance is a multibillion dollar industry as a result of the limits and
problems of government fiat currency. The fees are expensive and international travelers have little to
no option but to pay the fees in order to have fiat currency of the country of their destination.
SOLUTION: Zero currency exchange fees for SWITCH account holders and below market rates for non- account holders. Foreign cryptocurrencies (any crypto other than OKGlobal Coin) will be charged competitive rates.
Free Banking services to all participants.
Unlike other cryptocurrency with trading/purchase value based upon speculation from theoretical or even real use cases, OKGlobal coin holds an increasing raw *forfeit cash value and is used in routine daily purchases and financial services. OKGlobal Coin is hedged against losing all value unlike other cryptocurrencies and solves real world problems while turning the traditional banking and finance industry upside down by sharing profits with each participant and enabling democratized participation into OKGlobal Coin operations.
*Forfeit cash value is the base guaranteed value of the coin in case of complete selloff of coin in speculation/trading market. The forfeit cash value should be a constantly increasing value backed by profits and investment holdings from OKGlobal SWITCH companies. Coin will have both a speculation trading/purchasing value and a base forfeit cash value in the event of complete market crash.(TETHER, USDT similarity)
Banks and financial institutions have been loaning and investing with other people’s money and then funneling those profits to a select few but with the benefits of blockchain technology and OKGlobal coin SWITCH, profits will be justly returned to participating members who hold OKGlobal coin because it was their money that was used to generate profit. It turns each coin into a global investment and trading tool.
Our journey
OKGlobal will put profits back into the hands of the people. Governments and other institutions will no longer be left unleveraged to use our money to make money for themselves and their constituents. The rates and fees charged by OKGlobal will be the lowest available in the marketplace. Profits will be reinvested into the value of our coin thereby increasing the intrinsic value of all coin holders year after year.
DOB July 1976, married with children Formal education in Oregon majoring in pre-medicine and political science. Business ownership experience in insurance, food & beverage, finance, international trading, sales and marketing. Travels extensively 4 to 7 months a year internationally. Lives primarily in USA, Singapore and South Korea. Proficient communication in English, Korean and German. Rudimentary French, Russian and Indonesian. Currently operating doctors’ malpractice insurance brokerage originally established 1999 in Portland, Oregon USA
Technologist and entrepreneur who has over two decades of experience and expertise in engineering, marketing, and product planning. He has co-founded web startups in social travel, medical, and entertainment fields. In Samsung Electronics, he successfully managed projects which delivered main processing components used inside Samsung Galaxy S4 through S7 smartphones, with hundreds of millions of devices sold worldwide, and has also brokered significant collaboration agreements with ecosystem partners such as Google, and major Chinese vendors such as Oppo and Vivo. He graduated from California Institute of Technology with a BS in Electrical Engineering, and from University of Southern California with an MS in Computer Science.
Compliance Inspections and Examinations at the U.S. Securities and Exchange Commission Washington,
D.C., from 2001-2006. Genevievette was the lead attorney on the 2003-2004 Bernie Madoff
examination conducted by OCIE and identified the substantial elements of his fraud in 2004, as detailed
in a July 2, 2009, Washington Post article.
American Stock Exchange's Member Firm
Regulation Division in New York and the Dispute Resolution Department of the
NASDR, now known as FINRA, in Washington, D.C. from 1999-2001.
Federal Reserve Board in the Division of Banking Supervision and Regulation’s Large Institutions Group
in Washington, D.C., from 2006 -2011.
Currently, Ms. Walker-Lightfoot is in private practice in the metropolitan Washington, D.C. area, where
she focuses on securities and banking law, as well as provides business and corporate law general
counsel services.
Selected to SuperLawyers-Rising Stars, Maryland
Financial Industry Regulatory Authority (FINRA) Arbitrator
Professor, Albany Law School
Adjunct Professor, Thomas Jefferson School of Law
Adjunct Professor, UMUC
Certified Maryland Court Mediator
Board Member, Maryland Coalition for Gifted and Talented Education (MCGATE)
Solutions-focused attorney with extensive experience in corporate, securities, and commercial transactions. Armand has worked at a major NYC law firm and global financial institutions as in-house counsel. He is also an active investor in startups and early stage companies. Armand received his law degree from Fordham University School of Law and his undergraduate degree in Finance from Boston College. Armand is licensed to practice law in New York and California.
Tech entrepreneur having experience of over a decade launching major tech platforms, Niranjan has been specializing in the blockchain field for the past few years. He completed higher studies from Penn State University and has won a major hackathon at PSU, he has since grown his Blockchain consulting firm in Silicon Valley having a team of talented developers and designers driving the next revolution in Blockchain.
Administrative support specialist with background in Aerospace Engineering. Problem solving oriented with experience in 2 startups. Public relations and management specialist . Interested in traveling, learning and experiencing new things. Fluent in Spanish, English and conversational French.
*Partial wait list of beta testing participants for payment platform and/or premium financing through OkGlobal Coin SWITCH**
OKGlobal token is currently an Ethereum ERC20 security token with a total supply of 50,000,000,000. 60% will be allocated for investors/STO and the remaining 40% will be reserved for the development team and founder. The Ethereum blockchain was used to start the token due to it's early mass adoption and easy integration into popular trading platforms. The token must migrate to its own unique blockchain due to Ethereum’s limits, primarily transaction speed, high fees and limited functionality. OkGlobal Coin and SWITCH are separate cooperative entities. SWITCH acts as the decentralized utility to verify and process payments for an open public platform for cryptopayments.
