The Many Users of Scratch
Money management is one of the most important things an individual can master. Keeping track of expenses, budgeting, saving, preparing for emergencies – there’s just so much to take into account. While managing your own funds is tough, it’s even more of a challenge for families, communities, and businesses to keep everything in check. And with the introduction of blockchain and cryptocurrencies to the financial world, it’s as important as ever make use of the right resources that help simplify money management.
That’s where Scratch comes in. While anyone can make use of it, our application will be made especially for groups and teams and combines the tools of traditional fund management with the exciting world of cryptocurrency. Not only will users be able to deposit and trade funds on the Scratch exchange, but they will be able to create and connect with other sub accounts to allocate funds for specific use, set spending limits and restrictions, track and organize expenses and transactions, and more.
The features of the platform will be useful to just about any user, but there are certain groups that we think will especially benefit from our game-changing app.
Families are the core building blocks of society. While made up of individuals, they have to function as a unit; but managing the household finances can be quite the challenge. Scratch will make family budgeting a breeze. With the ability to categorize and track all transactions, allocate funds to certain users, and set spending limits and restrictions, parents can take control of the household spending. Need to make sure you don’t overspend on groceries? Set a limit. Daughter needs her allowance? Allocate a few bucks. Son totalled his car and needs a quick loan? Instantly transfer him some funds and note the debt. The application will also act as a great tool for kids to learn and practice crucial money management skills. The Scratch application will put the control back in your hands and give you the tools to make sure your household is financially protected.
The ability to properly manage finances is a crucial element for business success. Scratch will be the perfect tool for businesses of all shapes and sizes to make sure their money is being spent wisely. Businesses and smaller freelance teams will be able to use the Scratch platform to safely make large purchases, pay their employees with no wait time, quickly send and receive transactions with their customers, allocate funds to individual branches, pay for business expenses through their employees, and much more. Scratch will be the perfect solution for businesses to simplify money management so they can spend more time satisfying their customers.
Let’s not forget about other groups and communities that have funds to manage. Churches, homeowners associations, sports teams, communities, etc. all have expenses, transactions, budgets, and payments that need tracking and organization. Scratch can help these organizations accept charitable donations, organize fundraising, collect dues, track purchases, and overall meet whatever goals they may have. Scratch will also allow the individuals to stay up to date on news from the organization and to communicate with other members. The Scratch platform will be a no-brainer for any kind of group or community.
While governmental adoption is likely much farther down the road, it could have profound effects on the economy. Fund management within the government can be very difficult and confusing with so many agencies and different streams of money. Whether in smaller agency circles or on a larger federal scale, the Scratch platform could revolutionize government funding and spending. Not only would it offer great transparency, but it would speed up transactions, improve communication, cut waste, and overall improve efficiency. As we prove our product in the private sector, it’s not unreasonable for government agencies to adopt the Scratch platform and greatly increase their efficiency and productivity.
In conclusion, the Scratch platform will be a useful tool for just about anyone. While individuals will be able to make use of the exchange and budgeting functions, the ability to add sub accounts and track transactions across them all will make Scratch a must have for any group, team, business, or even agency. We’re so excited to continue working on our product and deliver a top-notch platform that will make all your money management woes disappear.