The company SpareCash SRL, has developed a system where people can download the SpareCash App, open it on their smartphone, look to the horizon and see SpareCash Markers within 50km of their point of origin.
When you tap a marker you can see how far away it is, and as you get closer to the marker, you see it's value and a collect button that allows you to collect the money value from that marker.
The company moves and posts markers daily, and says; "Each Spare Cash Marker can only be collected one time." So if you see a marker close by, you might want to hurry up and get there fast.
The SpareCashApp website states: Every SpareCash Marker comes with a dollar value that you collect. Markers hold a value of no less than $1 and commonly contain values of $5, $10. $20, $50, and $100. Less common markers are in harder to reach locations or sponsored for special events in the amounts of $50, $100, $200, $500, and $1,000. There is always 1 marker on the map with a value of $10,000 with special markers announced having values of $100,000 and $1,000,000.
Along with most markers, and depending on your location and profile information you will also find markers with digital coupon codes that can be redeemed at some great online retailers.
Sponsored Markers show up as blue markers and will contain various in-store specials that you can use immediately within the marker location (bar, nightclub, beauty salon, restaurant etc.)
The companys vision is a long term sustainable engine that relies on sponsors, advertising revenues and business advertisers to sustain and grow the size and frequence of larger markers.
Company Founder Dale Scott Marion said, "Altough I'm happy starting this with my own money, and love how it will help the people who collect it, I'm not a billionaire. Even if I were, spreading this much money around the globe isn't sustainable unless the system we have in place is supported by advertisers and business owners. We want this to be something people can count on to find some spare cash when they really need it. For others, to just get out and have some fun collecting the money we're putting out there."
Spare Cash is expected to officially launch in the first week of June on Android and later in the month for IOS, The company says that it's having a tough time managing popularity world wide as well as focusing on development.
Marion Said, "...we even had to take the website down once because of a slip-up saying we're launching, we understand people really want this app to be done, and as you can see from our facebook page we ARE done, we're currently just working through approvals from our in-app ad providers, facebook, and google to complete and post the app publicly. Our official launch will be covering Detroit Michigan, Ohio, Florida, Pensylvania and New York with big SpareCash markers, then adding more states, daily after that."
After a recent slip-up announcing the launch on facebook the company had more than 4 Million requests to it's web page. It seems this company will be looking at an overnight success. As soon as it launches the product, that is. To follow the companies progress and see everything thats happening with development you can check out their facebook page http://www.facebook.com/