Cashaa, an innovative cryptocurrency payment platform, aims to provide financial services to unserved and underserved populations globally, as well as to developed nations. Leveraging blockchain technology, the platform will provide a wallet, a debit card, loans, and other financial services.
Currently, cryptocurrencies are difficult for most people to use, given how new and unintuitive they are. Cashaa will create user-friendly software, including a free mobile app for Android and IOS users, to deposit, trade, and monitor their cryptocurrency holdings, as well as to convert them to fiat currency. By allowing users to trade and exchange cryptocurrencies with the click of a button, wider adoption among the public is likely due to their investment potential. As among the first-movers in cryptocurrency finance, Cashaa is assured a substantial market share by meeting the goals on its official roadmap. Moreover, though many communities are deprived of financial services in the developing world, they will now have access to Cashaa’s services using their mobile phones, given how ubiquitous they are in developing nations.
Cashaa will also provide a debit card for users of its platform, allowing them to spend their cryptocurrency by converting them into fiat currency in real-time. By establishing partnerships with major payment processors, cardholders will be able to spend cryptocurrencies at tens of millions of points of sale worldwide. With Cashaa’s built in cryptocurrency and fiat exchange, cardholders will be able to withdraw cash at millions of ATMs around the world.
Among the hurdles for populations within developing nations to obtain loans is a lack of credit score, a problem that can be remedied by using Cashaa’s token, CAS, as a substitute. According to the World Bank, less than 10 percent of the world’s poor have a credit report, preventing them from accessing credit that potentially can get them out of poverty. CAS token holders who otherwise could not obtain loans through traditional means can build trust with lenders by using CAS as collateral.
Cashaa’s executive team, led by CEO Kumar Gaurav, has a wealth of experience in business. Collectively, the team has over 200 years of experience in finance and banking, with bankgrounds in Fortune 100 companies and prestigious academic institutions. With such a talented team and an expansive vision, Cashaa has been listed as among the “most influential blockchain organizations” by Richtopia, ranking twelfth.
The CAS token is EIP-20 compatible and runs on top of the Ethereum blockchain, allowing it to be stored with popular Ethereum wallets and traded at numerous exchanges. According to Cashaa’s whitepaper, a total of about one billion CAS will be minted, and about half of these are expected to be sold during the crowdsale from November 6, 2017 to December 5, 2017. About a quarter-billion CAS will be used to ensure liquidity within the platform, and to develop and promote it. CAS tokens can also be used to obtain membership status within the platform, which confers benefits such as 24/7 customer care assistance and travel insurance.
By offering these and other features to the public, blockchain will become more than an abstract concept discussed by idealistic futurists. Blockchain will bring real, tangible benefits to ordinary people, with apps that bring new convenience and opportunities to millions of people around the world.
*I am receiving Cashaa tokens for the growth of the community.
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