Cashaa, a project which aims to provide banking and financial services conveniently and affordably all over the world, has emerged as one of the leading players in the blockchain sphere. By utilizing blockchain technology, Cashaa aims to provide services to populations that were previously excluded, and to reshape finance in a way that makes it cheaper, more accessible, and transparent.
Among the services Cashaa will provide is an online wallet for customers to deposit, transfer, and receive fiat currency or cryptocurrency. Additionally, this wallet will allow customers to trade cryptocurrencies. This wallet will be available for free as a mobile app for Android and IOS users. Using the app, customers will be able to submit information and documents to comply with KYC (Know Your Customer) and other financial regulations. The app will also allow customers to view their transaction history and spending analytics.
Customers using Cashaa will also be able to obtain a prepaid card for use at millions of locations worldwide. Cashaa has established partnerships with leading payment processors, thus allowing customers to use wherever these payment processors are accepted. These prepaid cards will also allow customers to spend their cryptocurrency with the platform’s built-in real-time exchange capabilities. Potentially, this will stimulate further demand among customers for cryptocurrencies as they experience just how liquid they can be.
The Cashaa platform will also allow peer-to-peer micro-loans, which potentially can open the financial gateway to millions of people who otherwise could not obtain loans. Since less than one in 10 people in developing nations have a credit history, according to the World Bank, Cashaa tokens (CAS) can be used as a substitute by lenders. Lenders can provide loans individually to borrowers or can pool funds together to provide them, thus minimizing risk. With these expanded opportunities to obtain financing, developing economies will benefit from increased investment and liquidity.
The CAS token is EIP-20 compatible, allowing it to be traded at major exchanges and used with popular Ethereum wallets. As an EIP-20 token, CAS runs on top of the Ethereum blockchain, a distributed, decentralized ledger with immutable transactions. As stated in the whitepaper, the CAS token will be the main source of fuel of the Cashaa ecosystem, and will give token holders certain benefits on the platform such as the ability to obtain membership to use premium services, to trade cryptocurrencies, to get lower transaction fees for remittances, to obtain a credit score for lenders, to help govern the platform, and to transfer it securely within the peer-to-peer network. Those who use CAS tokens to obtain premium membership can obtain overseas medical insurance and 24/7 customer support.
The Cashaa token sale began on November 6, 2017 and ends December 5, 2017. Out of approximately one billion CAS tokens minted, half will be available for purchase during the token sale. A quarter of these tokens will be used to ensure liquidity and to manage the project, and another 20 percent will be given to the founders, employees, and advisers to merge their interests with those of investors and other token holders.
To learn more about Cashaa and the token sale:
ETH address: 0x7B4E5008A6b7b4611b6Aa8926E542fEb71a69c2F