Cashaa, The Next Generation Banking Platform
In this era, the global financial crisis revealed significant weaknesses in the existing financial system and some of the vulnerabilities already showed their impact on the interconnected global market. The world economy is still struggling with slow growth rate today . Transferring money for remittance, money lending across 1 international borders is still very complicated, time consuming and expensive . Existing systems running 2 3 on traditional banking channels are slow and full of intermediaries, higher exchange rates, counter-party risks, bureaucracy and extensive paperwork.
More than 3.5 billion people are still unbanked or underbanked and have few opportunities to have a 5 6 safe and secure way to participate in the global economy. On-boarding this missing population to the benefits of the global financial system is key in order to provide a sustainable solution for their future economic outlook. However, it turns out that consumers and businesses are struggling to leverage the benefits of the Blockchain infrastructure due to poor usability, non customer centric approach and improper legal implementation.
Cashaa 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.
Instead of rebuilding or riding on the rails of archaic banking infrastructure, we built Cashaa to allow 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.
Cashaa, founded in 2016, has built and beta tested a blockchain-powered forex platform, offering innovative exchange and money transfer services between fiat and cryptocurrencies. Cashaa has come a long way in a short time, and have ranked as a “Top 100 Most Influential Blockchain Companies in the world”.
What is Cashsaa?
Cashaa is a gateway to consumer-centric and affordable financial products aimed at consumer adoption of Blockchain without having to understand the technical details of Blockchain technology. Cashaa’s wallet system, integrated with the peer to peer exchange with full spectrum of fully digital financial services, enables its community to save, spend, borrow and get insured, with a simplified user experience in a legally compliant way.
Why Should Cashaa?
- Powering financial products for Banked and Unbanked
Cashaa’s digital and transparent services are not only attractive for the banked population, but they can also deliver financial inclusion solutions to the 2.5 billion unbanked and 1 billion underbanked globally, thereby creating a unique cross-border platform which can serve the entire population.
- Facilitating low-cost Currency Exchanges
Send money across borders quickly, for a fraction of the current costs. Our industry-leading technology platform powered by our traders network can protect your money and offer best foreign exchange (FX) rates every time you utilize Cashaa.
- Enabling Investments in Global
Cashaa products can enable its users to access the global economy in a decentralised manner. They can facilitate the transfer of value across borders allowing greater portfolio diversification with higher yields.
We believe there should be an efficient alternative to existing payment and banking systems. Our blockchain-based payments system aims to lower financial inclusion barriers and provide financial services to the banked and unbanked. Our vision is to build the payments and banking infrastructure for the future.
Cashaa token is implemented using Ethereum EIP-20 (former ERC-20) standard. The token is accepted and traded 22 in Cashaa own services, but is also compatible across different Ethereum wallets and exchanges. Cashaa blockchain technology stack is not limited to Bitcoin and Ethereum. When applicable, Cashaa uses different blockchain technologies to decentralize its products. This will give benefits of robustness, transparency, compatibility and scalability to Cashaa users.
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 Cashaa 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.
layer is the first step for each participant to pass. Here, basic KYC checks are done by verifying their email ID and mobile number. For higher transaction slabs, users have to pass stringent checks and have to follow a tiered KYC structure that involves OFAC, AML and other guidelines that vary from country to country. This layer will also interact with banks and govt initiatives to use the existing KYC in place. We also provide the option of biometric verification to include undocumented parts of the population.
t layer enables a blockchain-driven self-aware contract assisted by an agent for a decentralized peer-to-peer (P2P) economy. It will have the matching engine and system to define fee %, margins and bonus. This layer will be using some of the high quality tech work done by our Smart Contract Advisor Alex Norta and utilising the existing results achieved by Qtum and Agrello Foundation.
s the middle layer with core components for decentralized exchange with clearinghouse messaging network, fraud prevention, clock synchronization among the participants and liquidity provider mechanism. This layer has the required admin tools allowing admin users to add new cryptocurrencies, markets, fiat and create a trader partner contract within minutes to scale solutions, based on the industry adoption and maturity. The developer SDK in C#, JAVA, Python and Go will be published to develop and integrate it with the Cashaa platform. Currently, Cashaa has set up exchange and FX pairs APIs in JSON.
layer makes the network interoperable and cryptocurrency neutral, which may eventually operate through any digital currency or token which traders prefer, namely, Bitcoin, Ether, Ripple, NEO or any ERC-20 compliant token. Blockchain nodes of aforementioned cryptocurrencies will be enabled and integrated within CASConnect, thereby making Cashaa a partner of choice for interoperability to grow alongside with the needs of the financial services industry.
layer will be integrated with the banking system incorporating cash instruments in multiple currencies within the network. This layer is responsible to decide the FX conversion; ensures the availability of each FX value available on the platform and also assists in working with 3rd party APIs such as XE, Reuters easing communication with payment networks across the globe.
CAS is built as an EIP-20 (former ERC-20) token on the Ethereum blockchain.
- Token Type : Utility token
- CAS available for public sale : 510 Million
- Min Cap : $ 2.5 Million USD
- Hard Cap (Max limit) : $ 32 Million USD
Bonus structure :
- CAS PRICE $ 0.1
- FIRST 24 HRS 40% Bonus Tokens
- NEXT 72 HRS 20% Bonus Tokens
- NEXT 7 DAYS 10% Bonus Tokens
- UNTIL END OF SALE 5% Bonus Tokens
Key Milestones Accomplished
We have only been going for about one year and this
is what we have achieved.
Future Roadmap and Business Growth Model
We are a cross functional and full stack team led by successful entrepreneurs who built their companies from scratch which are now part of Fortune Top 15 companies in world.
Our team is comprised of the best, brightest and most passionate people in the industry sharing the same vision of making blockchain application simple and accessible for the masses. Our team have more than 200+ Years of Payments and banking experience which includes executives from Fortune 100 technology companies, central bank and top academic institution.
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