How much has changed the speed of our lives over the past ten years. What we used to do in 3-5 minutes now happens at the speed of light. And every delay in just a few minutes may seem like an eternity, especially acute when you are late somewhere and you urgently need to get from point A to point B.
Everything changes. We are changing, technologies are changing, objects and gadgets, computers and mobile providers are changing. The new safely replaces the old. And the world at the same time flies with a crazy speed forward, changing one sphere of our life to another or subjecting them to modernization in a new, modern way.
Given the current situation of financial transfers around the world, we can safely say that in the traditional form as we remember them, they are no longer relevant. Since there are other newer and better methods of transmission, ready to solve all the existing problems in this direction.
Problems
There are many problems with financial transfers and first we will consider some of them. First, money transfers in their traditional form are carried out with the help of a very large infrastructure, each of which wants to receive a certain Commission for their services. And secondly, the transaction may take a day, and if it is also an international transfer, and even a few days. In this case, you do not have the ability to track how your money was transferred, and in General to track the entire path of the transaction from one user to another.
Having considered all the problems in more detail, the team of specialists came to the General opinion that by combining their efforts and experience, as well as supplementing it with all modern technologies, they can offer us a project that will solve all the above problems.
About the project
The project, which seeks to build a new, more flexible and accessible platform for money transfers using cryptocurrencies, is called - ETHA.
In simple words, the developers of ETHA intend to become the first blockchain-based platform in the world, which is able to quickly, reliably and safely transfer Fiat currency using cryptocurrencies. That is, anyone can make a money transfer of Fiat currency with the help of cryptocurrencies to one of 190 countries. Such a project will immediately solve the issue of bureaucracy and high fees, as well as significantly reduce the time of transactions.
Design feature
Moreover, the developers understand the essence of modern society, where almost 40% of the adult population, and this is for a moment about 2.5 billion people, there is no Bank account and generally access to financial services. To solve this problem, they have developed a convenient mobile application that will be available for both Android and IOS.
The wallet installed in the application is capable of supporting P2P transfers, as well as supporting cross-border payments with further exchange of digital currencies. This approach will allow to establish strong and trusting relations between consumers and traders, as well as to carry out all possible transfers quickly and with a minimum Commission. In this case, the application will always broadcast the exchange rate in real time.
The details of the ICO
To work with the ETHA application, you need an internal token with the help of which all operations and money transactions will be carried out. The token itself (ERA) is developed on the basis of the Ethereum mainnet blockchain. A total of 1 billion coins will be issued with an initial value of $ 0.06 per 1 ERA.
The distribution of tokens is as follows:
Conclusion
At the end of this review, I would like to note a very interesting idea and its concept, given the acute problem of this issue. After all, in fact, the problem with international payments is very relevant and the world needs modern solutions to this issue. Therefore, I believe that demand for the ETHA project is possible. The main thing is that in the future they will be able to bring their idea to the end to the social masses. ETHA has already concluded a very important partnership with CHAINLINK, which will have a positive impact on the further development of the project.
But, and for a full acquaintance with the project, I suggest you take a look at the technical documentation of ETHA while studying all their official resources. All links can be found at the end of my review.
Official resources of the project ETHA:
