Cashaa — The Next Generation Banking Platform For the Next Billion
Working of Cashaa
Cashaa is built on Auxledger, a performance, scalability and security focused enterprise grade blockchain, to provide maximum security and efficient performance to its clients. This platform claims to have over 12,000 registered users all over the world and supports nearly 100 global currencies as it has already been beta tested many times worldwide.
Interplanetary File Storage or IPFS is used by Auxledger to decentralise and distribute files across the network of Cashaa. Currently this blockchain is planning to partner with the users of government and corporate enterprises to be used in maintaining registries of land, electronic records of health and programs of benefit distribution etc.
What is Cashaa?
Cashaa is a gateway to consumer-centric and affordable financial products aimed at consumer adoption of Blockchain without having to understand the technical details of Blockchain technology. Cashaa’s wallet system, integrated with the peer to peer exchange with full spectrum of fully digital financial services, enables its community to save, spend, borrow and get insured, with a simplified user experience in a legally compliant way.
Cashaa is building its infrastructure on the Blockchain and utilizes artificial intelligence and biometric systems to empower mainstream adoption of payment and financial products with full security. Cashaa’s open platform approach also allows traditional financial institutions, banks and payment processors to reinvent and connect their products and services on the Blockchain, making them more efficient, convenient and globally accessible.
To implement its vision, Cashaa is launching its Token Generation Event (TGE), issuing CAS tokens on the Ethereum Blockchain. CAS token holders will be able to access premium services, creating a credit score and to participate in the governing mechanism of CAS tokens.
Commenting on the announcement, Kumar Gaurav, Cashaa’s CEO, said, “Cashaa started as a blockchain-based international money transfer marketplace and we have seen exponential growth over the past few months. We are now evolving it as a Banking and Payments solutions provider with products for lending, international payments, prepaid cards, and insurances. The overall goal is to leverage Blockchain technology to build a customer-centric, fully digital financial platform which is universally accessible and simplifies the user experience”.
Features of Cashaa
Some of the features of Cashaa not only differentiate it from traditional banks but also from financial institutions built on blockchain.
Targeted banked and unbanked individuals: Some of the other blockchain institutions target either banked individuals or unbanked individuals who cannot access banks due to lack of identification or other reasons. But Cashaa targets both of these individuals as there are more than 3.5 billion people all over the world are either unbaked or underbanked, according to Cashaa’s official website. Main aim of creating this platform is to serve all the people in the world regardless of their banking status.
Currency exchange at low cost: Easy transfer of any currency worldwide at low cost is one of the main benefits of this cryptocurrency. The forex trading technology used on this platform allows its users to exchange foreign currencies at low rates than any other banking service provider.
Investment in global economy: The users of Cashaa are allowed to be part of global economy as they can invest across international boundaries in diversified portfolio. You can transact seamlessly at low cost by picking a digital token of your choice.
Team Members
We are a cross functional and full stack team led by successful entrepreneurs who built their companies from scratch which are now part of Fortune Top 15 companies in world.
Advisors
Our advisory board include experienced industry leaders and leaders of financial institutions with strong connections worldwide.
For More Information :
Website : https://cashaa.com/
Whitepaper : https://cashaa.com/pdf/Cashaa_WP.pdf
My Bitcointalk Link Address :https://bitcointalk.org/index.php?action=profile;u=1273699
My ETH Address : 0x1B647E7BE42Db18A9110A53ac7af1CDd5795E6bF
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