INTRODUCTION
Industry is now faced with a poor remittance system due to the traditional make up of it. Other defects have since then been traceable in the blockchain and they include the exorbitant fees of transactions and the sluggishness that has made clients detested in the services. Also, it is becoming difficult by the day to use digital currencies for payments and now it is as though our Fiats are taking prevalence over it which ought not to be so. Having seen this problems, Etha was designed to level up the balance in finance and modify the blockchain to have it whole again when money aspect is involved.
WHAT IS ETHA?
This project brings solutions to the reach of users all over the face of the globe with its efficiency in the way it makes so many financial activities successful. As a fully distributed network, it also merges its features with the interesting features of the centralised network this making it more effective in enabling adequate trading in its ecosystem. Users will have a conducive environment for the exchange of Fiats to digital currencies and the other way round. Its network is so much appealing to the users and confers a higher level of security for the satisfaction of the users in the platform. All the entities that get themselves attached will be benefited in the ecosystem. Etha has potential allies that assist this Innovation and assists in making its tech more expanded and the unique solutions accepted throughout the globe.
THE SPECIAL SOLUTIONS OF ETHA
With necessary test and checks done on Etha, it has proved to the community that it holds the basic standard answer of which no platform weighs up to it. It has team members that are professionals in their various fields that are locked in the platform to make all things work together for the good of all. Security will be in ensured while other benefits will be enjoyed by users as they leverage on the project to deal in the vast Crypto market. High liquidity is one of the features of the Etha exchange with its secured connection to other exchanges which could make users execute and fulfill all the orders placed in the Etha exchange.
Etha is a very creative way of making users and many enterprises work together and establish the most perfect relationship when it comes to doing business together. Payments solutions inclusive, Etha has the upper hand and the perfect way forward for users with their remittance.
Etha as it is, has so many advantages over the traditional system that also conducts the same payment activities with the way it has smart contracts available for its use at all times of which the existing traditional system don't have any access to. This is a leverage and something that makes more difference. Block chain contribution to Etha is also appreciated alongside the infrastructures that is deployed alongside the smart contracts for the execution of many off chain operations. It sharply defines its operations and create rooms for other banking transactions with the resources it has in its ecosystem. Middlewares becomes elements to be used in eliminating all of the problems of users in the platform.
Transferring fiat money has never been done with the use of digital currencies before and that has seems so much impossible for so long until Etha came to show that it is so much possible. Meaning that it confers so much flexibility to the way transactions can be done and it connects so easily well with traditional banks and then makes users free.
ABOUT THE CROSS BORDER FINANCING FEATURES
This explains how Etha don't mind users making use of the available cryptocurrency as collateral for the collection of loans and when they are to conduct transfer with fiat currencies, the same can be used for the purpose. This activity wouldn't require that the cryptocurrency be subjected to liquidity before being able to serve the function. As soon as the borrowers of loans in the system is ready to refund the money lent them, smart contracts is deployed to handle the process and it ensures that all other requirements are settled by the user as agreed before the loan was given.
TOKEN INFORMATIONS
Symbol: ERA
Initial Value: 1 ERA = 0.06 USD
Type: ERC-20
Total Supply: 1,000,000,000
CONCLUSION
Apart from Etha standing as the loan give, it gives other users or Investors in its platform the ability to lend their funds to borrowers once both parties have agreed on their terms. In this case, all that Etha will do is to secure and manage such deals with special smart contracts that ensures that both the lender and the borrowers fulfill their part of the deal before the loan is granted by the lender. In this case, the borrowers will be required to present their collaterals as digital currencies which is kept securely by the smart contracts for lenders to fall back to should the borrower fail to return the lent funds.
Ether Website: https://etharemit.org/
WRITER'S DETAILS
BountyMiner Username: chomsy
Referral Link: https://bountyminer.io/register?r=1096326942