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CARATS: Incredible Uses

Unlock the unique benefits and applications of CARATS
in the digital economy

See Use Cases

CARATS Are Commodities. CARATS Are Not

Securities
Cryptocurrency
Virtual Currency
Money
NFTs
May not apply to all countries.

Diamond Standard CARATS Use Cases

payments
Payments
CARATS redefine global payments by using commodities instead of money or cryptocurrencies.

Using the CARATS App users can send CARATS via SMS to any mobile phone, or use any compatible wallet.
Commodity Based Payment Token:
  • Autonomously issued from physical diamond commodities
  • Exempt from money transfer license requirements
  • CARATS App Features:
  • Accessible on any web-enabled mobile phone
  • Automatically creates a CARATS wallet on a recipient's web-enabled mobile device
  • Commodity Based
    Fast & Free
    Secure
    Permissionless
    Transparent
    No App Download
    remittances
    Remittances
    CARATS enable instant international transfers without using money, cryptocurrency, and the high fees typically associated with foreign exchange and traditional banking systems.

    Families and individuals can support loved ones overseas, ensuring more value reaches its destination, securely and efficiently.
    Suitable for International Remittances:
  • Ideal for individuals with mobile phones but without bank accounts
  • Commodity titles enable efficient cross-border value transfers efficiently
  • Delivery Methods:
  • CARATS can be delivered directly to the buyer's mobile phone via QR code or SMS
  • Purchasing Options:
  • Use a mobile phone and a debit/credit card, or
  • Purchase at bodegas, convenience stores, or ATMs that accept cash
  • Tangible Commodity:
  • CARATS are an electronic vault receipt for tangible property, which is not regulated as money or crypto
  • Enables both individuals and businesses to transact CARATS as an alternative to various payment methods
  • No Fees
    No Bank or Central Exchange Involved
    No Currency Exchange Required
    No Money Transfer Occurs
    gambling
    Gambling
    Many gambling platforms are licensed in one jurisdiction, and blocked from offering services in others mainly due to money transmission restrictions.

    By using CARATS as the gaming chip, the casino or platform never receives, custodies, or sends money, and never handles cryptocurrencies that are regulated as if they were money.
    Local Purchase of CARATS:
  • Users can buy CARATS within their local jurisdiction for use in gambling platforms
  • Credit Card Purchases:
  • Higher approval rates due to the tangible property Merchant Category Code (MCC)
  • Lower interchange rates compared to cryptocurrency or gambling transactions
  • Transfer and Custody:
  • CARATS can be deposited to the gambling platform, or
  • Users can just connect their CARATS wallet and maintain custody of their balance
  • Conversion to Local Currency:
  • Casinos can sell the rake obtained in CARATS on the spot market for a local currency
  • One commodity market spread eliminates many layers of fees typically associated with gambling transactions
  • Lower Regulatory Risk
    Unblock Credit Cards
    Lower Credit Card Fees
    rewards
    Rewards
    CARATS will revolutionize rewards by using commodity based points that enable real-world uses.

    This innovative approach allows participants to earn, trade, and utilize rewards in a manner that extends beyond traditional point systems.

    With CARATS, rewards programs can offer a more engaging and valuable proposition to customers, enhancing loyalty and participation.
  • Commodity-Based Rewards: CARATS provide a unique value proposition as deliverable diamond commodities, offering a real-world value compared to traditional points or virtual currencies
  • Enhanced Customer Engagement: The real-world value and utility of CARATS increase customer interest and engagement in loyalty programs, encouraging more frequent interactions and transactions
  • Global Utility and Acceptance: Given their commodity-based nature, CARATS can be utilized globally, transcending the usual restrictions of points or crypto and making them an ideal reward for international customers
  • Real-World Value
    Non “Money”
    Cross Program
    Globally Applicable
    social_apps
    Social Apps
    Social and messaging platforms can incorporate CARATS to enable the purchase of goods and services, or for value transfer among users, without “money transfer”.

    This integration enables users to bring their digital transactions into the real world effortlessly, without dealing with the complexities and regulations associated with cryptocurrencies dozens of regulators.
  • Not a Cryptocurrency: CARATS' status as electronic title to physical commodities allows for their use in social apps without the regulatory complexities tied to cryptocurrencies or money transmitter licenses
  • Profit: Platforms can earn a profit on CARATS distribution
  • Instant Global Transactions: Users can transfer commodity titles directly to others within the platform, facilitating a smooth transaction process
  • Withdrawal and Conversion: Users can withdraw and sell CARATS locally or hold them as a long-term asset
  • Regulatory Benefits
    Profit From Distribution
    Real-World Value
    Global User Experience
    gaming
    Gaming
    CARATS can be integrated into gaming platforms, allowing users to purchase goods, make deposits, or transfer value into or out of the game.

    Users can convert their in-game value into real-world assets, thanks to the unique nature of CARATS as tangible commodities rather than regulated cryptocurrencies.

    This simplifies the transaction process, likely removing the need for money transmitter licenses and reducing regulatory hurdles.
  • Not Money Commodities: Unlike cryptocurrencies, which are regulated as “money”, CARATS are commodities, simplifying integration into gaming platforms with less regulatory friction
  • Ease of Integration: Platforms can offer CARATS for various in-game transactions, making it easier for users to engage with the game's economy, across titles
  • Profit: Platforms can earn a profit on CARATS distribution
  • Real-World Value: Users can convert their in-game CARATS into real-world assets, like the Diamond Standard Coin, without fees, enhancing the gaming experience by adding tangible value to in-game achievements
  • Regulatory Simplicity
    Enhanced User Engagement
    Tangible Real-World Value
    Reduced Need for Intermediaries
    diamond
    Diamond Market
    The Diamond Standard Market, exclusively using CARATS as its payment method, will revolutionize how natural diamonds are globally traded.

    This unique platform is enabling electronic diamond trading on a global scale, between consumers, vendors and professional traders.
  • Exclusive Payment Method: CARATS are the only currency accepted, streamlining transactions and reducing taxes
  • Global Platform for Diamonds: The Diamond Standard Market facilitates global transactions for natural diamonds, including buying, selling, and trading, even by consumers
  • Innovative Exchange System: An extension of the world's only true exchange for diamonds, with 220 members and an active market maker for robust price discovery.
  • Global Settlement: Eight exchange intake centers enable efficient procurement of diamonds for commodities and provides global settlement capabilities.
  • Unique Selling Opportunities: Consumers can not only purchase diamonds at competitive offers from vendors but also have the unique option to sell their diamonds to the market or to Diamond Standard for commodity use.
  • Best Bid & Offer
    Consumers & Pro Traders
    Real-World / Blockchain
    No Taxes or Fees
    Still have questions?

    Access our documentation page or talk directly with our team

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    CARATS in Action

    Let's discuss how CARATS can be used for your application.

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