ETHA - The Pioneer in Decentralized Remittance Platforms

Payment gateways play a mega role in the e-commerce revolution since they are the virtual equivalent of physical sale terminals situated in retail outlets which makes e-commerce a reality. Global payment platform industry will witness a massive compound annual growth rate of 10.3% within the next ten years. The global remittance volume will easily surpass $ 1 trillion by 2022. With all the features of security, speed and transparency in the blockchain technology, crypto based payment platforms will be the next big thing in payment gateway industry.    

WHAT IS ETHA ?

ETHA will be the first ever working decentralized remittance solution platform that allows cryptocurrency to fiat transfer at the end of this year (2019). ETHA is the trading name under Remitchain Solutions Ltd, which is a company registered in England and Wales (Reg. No. 11747173).   

They are creating an innovative ecosystem which will address the barriers of typical payment platforms using the blockchain technology which we all know very much viable. What really impress the Project is they are also applying solutions to the barriers within the blockchain technology which disrupts it becoming the perfect remittance solution.

PARTNERSHIP WITH ChainLink (LINK)

The vulnerability of smart contracts of failing to access off-chain data feeds and APIs due to the nature of how smart contracts are secured within blockchain, and miners reach the consensus is going to be the biggest challenge towards the success of ETHA as a payment platform. ChainLink is the revolutionary oracle network which provide smart contracts to an off – chain infrastructure which opens the gateway to key external data, off-chain payments and any API capability. 

ETHA’s Partnership with this oracle network is bringing the ideal solution as oracle network will lead ETHA’s smart contracts will easily connects with APIs and off-chain data feeds which will create the first remittance platform that will streamline over 90% of the process to send money across borders securely on chain. This Partnership has made ETHA, a highly realistic ecosystem which will disrupt the current payment industry. 

THE ECOSYSTEM

ETHA is a widely covered and refined ecosystem with all these layers below,      

Remittance Solution  - ETHA will directly guide its Users on the process of cross-border payments through a sophisticated platform along with complete security, covering around 190 countries of the world. 

Mobile App - Mobile app will convert the whole ecosystem to a simple user-friendly version.   

Smart Wallet  - The wallets will be multi signature secured and the funds will be fully user controlled.   

Exchange - Innovative hybrid modeled exchange of ETHA will allow the Users to maintain their own assets which will make assets more secured. Market engine will scan number of exchanges and will come up with the best exchange rate for the User where he can directly trade without the mess of creating new accounts for each.   

Lending Platform - ETHA will develop a stable secured and transparent lending platform backed by cryptocurrencies.                                                   

REVIEW OF THE ROAD MAP

Project is conducting the ICO after a considerable workload of the ecosystem have been already achieved by the Team as they have completed audits on smart contracts, Alpha of mobile app, and internal beta of hybrid-Exchange in year 2018.As a result of that effort at the end of year 2019, We will witness a smoothly running and complete remittance ecosystem according to the road map. Achieving Financial Conduct Authority license (FCA), United Kingdom will be an important regulatory win for ETHA in Q2, 2019.

TOKEN ECONOMICS 

Remittance ecosystem will generate ERA tokens which will be utilized in every layer of the platform.

● Exchange fees of the hybrid-exchange            

● Transaction fees for remittance services         

● Discount on trading fees                                                              

● Listing fees for new tokens the exchange 

● Collateral fees of the lending platform  

ABOUT TEAM

Apart from experience on their specialized fields, ETHA Team is highly experienced within in the blockchain industry too. CTO of ETHA Mr. Ananda Raj is more importantly worked as a developer on Toshi Browser which is now known as Coinbase wallet.Both Mr. Ananda Raj and Mr. Gopal Harris (Blockchain Engineer) are the co-founders of reputed Aequalis Software Solutions Ltd, a 7 years old company (http://www.aequalisys.com). 

TOKEN DETAILS AND ICO 

• Symbol – ERA 
• ICO Value – 0.06 USD 
• Type – ERC20 
• Total Supply – 1,000,000,000 (Total of 25% will be vested as reserves and for team) 
• Accepted Cryptocurrencies – ETH, BTC, LTC and DASH 
• ICO Dates - TBA (in Q1, 2019)  

Online Remittance industry is immensely covering each and every corner of the world as e-commerce will rule the business world for the 21st century. blockchain technology is tailor-made to grab a niche market of this industry and as the pioneer of this new trend if ETHA can achieve just 1% of the total volume of current remittance industry which is 6 Billion USD at the early stages it will turn ETHA to a massive ecosystem.

Thanks !

Essential Links

 ETHA Website - https://etharemit.org/ 

ETHA White Paper - https://docs.google.com/gview?url=http://www.etharemit.org/V.1.1%20WP.pdf&embedded=true 

BountyMiner Website - https://bountyminer.io/ 

BountyMiner Username - hodlmooney