KRISHAN KUMAR RAGHUVANSHI
(The inventor of  Electronic Purse)
S/o Sh. Jiwan Dass Raghuvanshi
S/o Sh. Lord Rama Raghuvanshi
Ayodhya Naresh Achyut Gotra
Was Born in 1949 and Will Expire in Jan, 2022

ELECTRONIC PURSE


ABOUT 40 YEARS BACK, AMERICA GOVT. WAS SEARCHING FOR SUCH AN INSTRUMENT, WHICH COULD REPLACE CURRENCY ( PAGES FROM SPAN PERIODICAL ), BUT FAILED. THEY INTRODUCED ATM-CARDS, SMART-CARDS, CREDIT-CARDS Etc. IN THE MEAN-TIME. BUT THESE ALL COVER ONLY 10 % OF THE  TOTAL TRANSACTIONS. THEN, FRANCE GOVT. LAUNCHED MMM (MAGNIFICENT -MICROCHIP-MONEY) IN SOME OF IT'S STATES, BUT ALL IN VAIN, IF THEY HAVE SUCCEEDED, THEN THERE WOULD BE NO PAPER-CURRENCY THROUGHOUT THE WHOLE WORLD.Mr. BILL-GATES ONCE PREDICTED ABOUT SUCH AN INSTRUMENT, BUT HE HIMSELF COULD NOT INVENT IT. Mr. KRISHNA KUMAR RAGHUVANSHI, AN INDIAN FROM PATIALA CITY, HAS MADE THIS MARVELOUS INVENTION. HE HAS GOT IT PATENTED IN THE NAME OF ' ELECTRONIC-PURSE '. THIS INVENTION IS RELATED WITH CURRENCY. IT IS THE SUBSTITUTE FOR PAPER-CURRENCY. IT IS THE TOTAL-e-MONEY-SOLUTION. NEED NOT TO PRINT / MOULD COINS ANYMORE. ONLY AN EP, WHICH LOOKS LIKE A MOBILE-PHONE, WILL SOLVE THIS PURPOSE. IN NEAR FUTURE, CURRENCY WILL TAKE THE SHAPE OF e-MONEY, MEANS FIGURES ONLY. FIGURES TO GIVE AND FIGURES TO TAKE IS THE MAIN FEATURE OF THIS SYSTEM. THIS EP IS JUST A MODIFIED CALCULATOR AND IT DOES NOT NEED ANY NETWORK, DIRECT-PAYMENT SYSTEM. IT HAS TWO SCREENS, ONE OUT-LET LEAD AND TWO INLETS. THERE ARE TWO MODELS IN IT. CITIZEN-MODEL IS VERY SIMPLE TO OPERATE EVEN FOR ILLITERATE, WOMEN, CHILDREN AND AGED PERSONS. THIS MODEL WILL BE GIVEN FREE OF COST TO EACH AND EVERY UPTO THE AGE OF YEAR CHILD AND EVEN TO A BEGGAR. THIS MODEL CAN HOLD FIGURES OR RUPEES 99.999 IN EACH POCKET ( TOTAL 2 POCKETS, MEANS 2X 99,999 RUPEES). THE VIP-MODEL IS EQUIPPED WITH PASSWORD FACILITY, 2 POCKETS. EACH POCKET CAN STORE FIGURES UPTO 99,99,999 RUPEES. IT WILL COST ABOUT 1000/- RUPEES TO A CUSTOMER. IT WILL COVER THE TOTAL EXPENDITURE BORN BY THE GOVERNMENT---NO LOSS TO THE GOVERNMENT.EP IS MEANT TO TRANSFER FIGURES ONLY FROM ONE EP TO ANOTHER EP WITH THE HELP OF IT'S 1 OUTLET LEAD AND 2 INLETS.
THIS SYSTEM WILL SAVE 100 CORES OF RUPEES PER DAY FOR THE NATION AND INDIA WILL BECOME A DEBTLESS COUNTRY, AN ADVANCED COUNTRY, A SUPER-POWER COUNTRY AND THE VISION-2020 OF THE PRESIDENT OF INDIA WILL COME TRUE, BEFORE MATURITY. IN FUTURE IT WILL BE POSSIBLE TO SEND FIGURES / MONEY TO ANY DESTINATION, THROUGH TELEPHONE LINES, WITH THE HELP OF A MODEM, AS A FAX.