Why use Concoin?

Concoin brings the innovative power of blockchain technology to the U.S. prison system.

Concoin is a 21st century solution to the unregulated and untraceable prison economies plaguing our state and federal correctional institutions.

Concoin offers many benefits to state agencies, prisons, inmates and their friends and families.

Reducing violence in prison:
Problem -
Prison violence is on the rise, partly due to the theft of valuable items between inmates.
Solution -
Allowing inmates to make transactions in Concoin can devalue the items they commonly trade for marked-up prices, resulting in less violence within prisons.
Real-time transactions:
Problem -
Sending funds to an inmate can take days or even weeks to clear before they are applied to the inmate's account.
Solution -
With Concoin, inmates can receive tokens within minutes - no matter where funds come from.
Transparency for prison administrations:
Problem -
Prison officials have never been able to see daily transactions between inmates in prisons.
Solution -
With Concoin's public ledger, administrations will have critical access to see how and what funds flow through their prisons and where funds come from.
Cost savings for state and federal prisons:
Problem -
Prisons get no percentage of the estimated $3 billion inmate-to-inmate inter-prison transfers that occur yearly.
Solution -
When state agencies hold the reserves, they can earn interest and invest funds accroding to the Stablecoin Transparency Act.
Cost savings for inmates' families:
Problem -
Systems like JPay can charge loved ones up to 38% per transaction to send funds to an inmate, making it prohibitively expensive for most people.
Solution -
Using Concoin, inmates' loved ones can send up to 99% of the intended funds without being forced to pay high commissions.
Inmate package-delivery services:
Problem -
For an inmate, purchasing items is often prolonged and frustrating, as most payments are sent through the United States Postal Service.
Solution -
Concoin can instantly fix this issue and help place orders in minutes to authorized merchants, saving time over the current standard of days or weeks.

These are just a few examples of why Concoin provides a much better solution than current financial choices.

Click below to get a full view of the features, benefits, and solutions offered by Concoin.