Introducing ETHA: The first blockchain-based remittance platform for financial services

Chester Bella
2 min readOct 3, 2018

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It’s been almost 2 years since we started working in silence on the genuinely first blockchain remittance platform that has the potential to disrupt the current remittance industry.

But what is the most exciting today is to finally introduce ETHA to the public!

Here we go!

We eventually started ETHA as a University project a few years ago during our time in London. After experiencing difficulties to utilize cryptocurrencies effectively as a means to send money abroad, so that even a novice could benefit from this emerging phenomenon called Blockchain.

ETHA now evolved into a sophisticated infrastructure and ecosystem, aimed to allow cross-border payments, decentralized lending, cross-border financing and more.

From one Interoperable platform. That means you will soon be able to access an open financial system from one platform, that is interconnected with on- and off chain solutions, empowering digital currency holder and approximately 2.5 billion people globally that are underbanked or neither have access to affordable financial services, facing greater risk and higher costs in their day-to-day life, forced to rely on cash and informal financial markets.

Let’s take a closer look at the core feature of ETHA to get a better understanding of the ecosystem and the functionalities.

Remittance Platform

If you are like us and can’t wait, to be able to use your cryptocurrencies to actually send fiat money abroad, ETHA is definitely a project to keep an eye on.

Our platform will allow the sender the flexibility to select different payout options for the recipient, such as Direct to Bank, Local (Cash) Pick-Up or Mobile Top Up (depending on the designated country). Our goal is to support our services to over 190 countries around the world.

We already know that due to regulations and different jurisdiction, that we will have to start enrolling our services first at specific regions, more info about that at a later stage.

Wrapping up

We have some exciting times ahead of us which is why we are happy to introduce ETHA!

We want everyone to make use of digital currencies and blockchain, beyond its current use case.

Stay tuned with the next article and updates!

Great announcement soon to come.

ETHA — Remittance Solution

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Chester Bella

Product Development & Founding Member at ETHA Labs & Parifi