Global financial Crises:
We are all aware of the drawbacks and limitations of the current financial and economics system of the world to very much extent. The worldwide financial crises uncovered critical weaknesses in the current financial system and a portion of the vulnerabilities as of now showed their effect on the interconnected global market. The world economy is struggling due to slow development rate today. Transferring money for remittance, cash loaning over worldwide is still exceptionally complicated, time consuming and costly. Existing systems running on conventional banking systems are slow and full of intermediaries, higher exchange rates, counter-party risks, bureaucracy and extensive paper work. More than 3.5 billion individuals are still unbanked or underbanked and have few opportunities to have an easy, safe and secure way to take part in the worldwide economy. On boarding this ignored portion of banking population to the benefits of global financial system is key in order to provide a sustainable solution for their future economic outlook. However, it turns out that, customers and businesses are struggling to utilize the advantages of Blockchain infrastructure because of poor usability, non-customer centric approach and improper legitimate implementation.
Cashaa: The Solution.
The purpose of Cashaa is to build a cutting edge, next generation model for financial services based on blockchain technology and artificial intelligence which will empower devices with biometric identification system to solve the issues of the current financial system for the banked and for unbanked population as well. Cashaa team believes that there should be an efficient alternative option to existing payment and banking system. Cashaa’s blockchain based payments system plans to bring down financial related barriers and provide financial services to the banked and unbanked people. Cashaa’s mission is to fabricate the payments and banking infrastructure for the future on a powerful Artificial Intelligence driven blockchain infrastructure which can make the legacy system out of date or obsolete, and hence creating esteem for the world. Cashaa have 4 foundational principals.
1.) Powering financial products for the Banked and Unbanked:
Cashaa’s digital and transparent services are not only for the banked population but it can also deliver financial inclusion solutions to the 2.5 billion unbanked and 1 billion underbanked all around the world, thereby building a unique cross-border platform which can facilitate the entire population.
2.) Facilitating low-cost Currency Exchanges:
Like Sending money across borders quickly, for a very small flat fee-a fraction of the current costs, which is today on average are 7 %16. Cashaa’s industry-leading technology platform powered by Cashaa’s traders network can protect user’s money and offer best foreign exchange rates every time when user will utilize Cashaa.
3.) Enabling Investments in the Global Economy:
Cashaa products enable its users to reach the global economy in a decentralized way. They can facilitate the transfer of value across borders allowing greater portfolio diversification with much higher yields.
4.) Dedicated to the Community with an Open API:
Creation of next generation DAPP to solve the world’s biggest financial challenges. Cashaa’s developer SDK and Open API with integrated biometric and artificial intelligence services will boost the growth of the digital innovation.
Cashaa’s Products.
Cashaa focuses to build the next generation of consumer-centric payments and banking products on target to be the most cost-effective and innovative
available on the market. Below is the list of products of Cashaa.
.Wallets
.Physical & Virtual cards
.Micro Lending
.Peer-to-peer exchange (Beta Tested)
.Peer to Peer Insurance (Future)
For details about the products and Cashaa project, please visit the Official Whitepaper of Casha. Link is at the end of the article.
ICO of Cashaa will begin on 6 November.
Website: https://cashaa.com
Whitepaper: https://cashaa.com/pdf/Cashaa_WP.pdf
Ethereum Address: 0xB182A8b469F810F7A6AeE6BAf0D7b9E8AA1AF9C8
Author of this article: https://bitcointalk.org/index.php?action=profile;u=1142652