The new Banking Platform - Cashaa

Fully 2.5 billion of the world’s adults don’t use formal banks or semiformal microfinance institutions to save or borrow money. Nearly 2.2 billion of these unserved adults live in Africa, Asia, Latin America, and the Middle East. Unserved, however, does not mean unservable.  

                              

The microfinance movement, for example, has long helped expand credit use among the world’s poor—reaching more than 150 million clients in 2008 alone.1Similarly, of the approximately 1.2 billion adults in Africa, Asia, and the Middle East who use formal or semiformal credit or savings products, about 800 million live on less than $5 a day. Large unserved populations represent opportunities for institutions that are able to offer an innovative range of high-quality, affordable financial products and services.  

Moreover, with the right financial education and support to make good choices, lower-income consumers will benefit from credit, savings, insurance, and payments products that help them invest in economic opportunities, better manage their money, reduce risks, and plan for the future. 

Cashaa https://cashaa.com built its infrastructure on the blockchain and utilizes artificial intelligence to power mainstream adoption for financial products. It empowers the banked and unbanked population, facilitates low cost currency exchanges, enables participation in the global economy and develops the new outlook for this community by using open architecture.    

  

Cashaa allows consumer adoption of cryptocurrencies, which let people move money as they wish at low cost and high speed, without having to understand the technical details of crypto and blockchain technology, thereby making it user friendly, secure, and affordable. 

Compared to any other existing trading platforms, our peer to peer exchange with liquidity providing mechanism from the remittance industry, clearinghouse messaging network and escrow system resulted in increasing market size, higher profit margins, and better speculation opportunities for the traders with lower security risks. We found that between and within countries, entrepreneurs could bring the advantages of cryptocurrency to their community by using our open API to build global and local payment solutions. We also validated the opportunity for money transfer shops to switch their payment service providers from traditional MTOs to Cashaa. 

Agents can become less expensive than their competitors, and gain a good market share while benefiting from Cashaa’s cost-saving efficiencies. Additionally, Cashaa validated during the beta test the relevance of providing 24/7 availability, a rating system, a tool to import reputations from other platforms, while introducing the security advantages of a P2P exchange. 

Products Cashaa 

1. Wallet 

Cashaa Wallet is an alternative to traditional banking with a better way to spend, save and share your money, fee-free and straight from your mobile. The Cashaa App can accesses a global payments network that enables worldwide acceptance of the digital wallet. Cashaa’s digital local currency account is a gateway to widespread cryptocurrency adoption, pairing it with access to mainstream financial services and smart new features on a simple, user-friendly platform. 

2.  Physical & Virtual cards  

   

Each Cashaa Wallet includes a Cashaa prepaid card which complements the wallet. Physical prepaid cards are the most convenient way to connect virtual assets in the finance sphere. Through our card issuance partnerships with global payment networks, cards can be accepted by more than 39 Million merchants as well as POS terminals, the adoption of which is growing exponentially with existing 3 Million ATMs which enable to withdraw cash worldwide. 

3. Micro Lending 

    

Cashaa microloans are small p2p loans that are issued by individuals on the Cashaa’s platform. These loans can be issued by a single individual or aggregated across a number of individuals who contribute a portion of the total amount . CAS tokens will 24 be used to determine the credit score and are used as integral part of the system. This product will serve dual​ ​purposes​:  

1. Individuals who cannot obtain credits from a bank, or users in third world countries will be able to borrow money to start small businesses or for individual needs.  

2. The second purpose is to give access to new lending opportunities. The lenders are individuals who pledge a certain amount of money to loan out a deserving entrepreneur in another country. 

4.  Peer-to-peer exchange 

   

The Cashaa platform will be equipped with portfolio management services which enables market analysis, allowing users to share insights on markets, display their achievements and receive trading signals. Cashaa therefore lowers barriers to entry in the growing FX trading market for crypto currency, and thus supports experienced and new traders (traders required licences in some jurisdictions). Cashaa’s peer to peer exchange even allows traders to buy and sell cryptocurrency which is not available in their local country’s exchanges. 

5. Peer to Peer Insurance 

   

Cashaa's smart contract enabled insurance platform can be used for insuring the household, personal liability, legal expenses, travel and many more. Smaller claims and deductibles will be settled by peers in the group while the large claims are still covered by traditional insurers, with whom the firm partners in future.   

The​ ​Cashaa​ ​Token​ ​generation​ ​event​ ​is​ ​hereby​ ​announced​ ​to​ ​start​ ​on November 6 2017​ ​and​ ​is​ ​scheduled​ ​till​ ​the​ ​end​ ​on​ ​5​ ​December.  

The CAS token is a key component of the system that enables trading, lending and gives access to other upcoming services in the CAS ecosystem. CAS serves two main objectives: First, the token is the fuel of an internal mechanism of the Cashaa ecosystem. Second, it is part of the governance component of the CAS system. Each Cashaa wallet is initially equipped with a predefined amount of CAS and cannot be used without a minimum CAS balance. 

1 CAS = 0,1 USD. Hard cap = $32 Million. Accepted​ ​currencies​ ​for tokens: ETH, BTC, USD, GBP, EUR.
More information here: 

https://cashaa.com/cas-token.php 

https://cashaa.com/pdf/Cashaa_WP.pdf 

https://bitcointalk.org/index.php?topic=2272412.0 

https://www.facebook.com/cashaaLtd/ 

https://twitter.com/CashaaLTD 

https://t.me/CashaaLtd 

Author: happy weblancer 0xA5C2805738b6a0e29B55C3a866E687be5d9DF8f7