Cashaa : Blockchain Based Platform For Next Banking Generation
Sunday, 19 November 2017
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Blockchain Based Platform For Next Banking Generation - As along the development of information and communication technology with, Cashaa had known that the world is getting hit by obstacles. The country that will have a bright future is a country that has a human resources and this has an impact on global finance that shows weakness significantly in the existing financial system. Several vulnerabilities have shown their impact on the interconnected global market. The world economy is still struggling with slow growth rates today.
Every day, people have send money around the world. Individuals can transfer large sums of money to support their families in other countries around the world. This is known as the remittance industry, which is estimated to become an $ 600 billion industry.
The problem is sending large amounts of money with across international borders are still expensive, too complicated and time-consuming. By using the traditional way, the charges cost can be up 6% to 12% to send money. So how if you are sending your money of $ 1000 to your family to other side nation, and having to pay a staggering $ 124 for doing it. This is a fact scenario, and until now, Cashaa are just having a limited options such as Western Union & Moneygram to do send money. Cashaa are believe there should be an efficient alternative to existing banking and payment systems.
More than 3.5 billion people are still not profitable or underfunded and have little chance to have a safe and secure way to participate in the global economy. On-boarding this lost population to the benefits of the global financial system is key to delivering sustainable solutions for their future economic prospects. However, it turns out that consumers and businesses are struggling to capitalize on the benefits of Blockchain infrastructure due to usability, non customer centric usage and improper law enforcement.
The problem is sending large amounts of money with across international borders are still expensive, too complicated and time-consuming. By using the traditional way, the charges cost can be up 6% to 12% to send money. So how if you are sending your money of $ 1000 to your family to other side nation, and having to pay a staggering $ 124 for doing it. This is a fact scenario, and until now, Cashaa are just having a limited options such as Western Union & Moneygram to do send money. Cashaa are believe there should be an efficient alternative to existing banking and payment systems.
More than 3.5 billion people are still not profitable or underfunded and have little chance to have a safe and secure way to participate in the global economy. On-boarding this lost population to the benefits of the global financial system is key to delivering sustainable solutions for their future economic prospects. However, it turns out that consumers and businesses are struggling to capitalize on the benefits of Blockchain infrastructure due to usability, non customer centric usage and improper law enforcement.
Introducing Cashaa
Cashaa builds their infrastructure by using Blockchain and leverages artificial intelligence to implement mainstream adoption for financial products. It empowers uninhabited populations, facilitates low-cost currency exchange, enables participation in the global economy and develops a new outlook for this community using open architecture. Instead of rebuilding or riding ancient banking infrastructure, Cashaa will be enable to adopt consumesr crypto, which allows people to move money at will with low cost and high speed, without having to understand the technical details of crypto technology and blockchain, making it user friendly, safe, and affordable.
The vision of the Cashaa Project
Cashaa believes there must be an efficient alternative to existing payment and banking systems. Cashaa with based on Blockchain payment system aims to down the barriers of financial inclusion and provide financial services to banks and permit no need. Cashaa has the vision which is to build the payment infrastructure and banking for the future on AI's powerful blockchain infrastructure that can create an outdated legacy system, thereby creating value for the world. Cashaa has four basic principles that makes this platform are being usefull for users.
1. Produce financial products for Banked and Unbanked: Cashaa's digital and transparent services not only appeal to the banked population, but also provide financial inclusion solutions to 2.5 billion unbanked and 1 billion underbanked globally, thus creating unique cross-borders. platform that can serve the entire population.
2. Facilitate low-cost currency exchange: Send money across borders quickly, at a small flat fee - a fraction of the current cost, which currently averages 7%. Our industry-leading technology platform supported by our merchant network can protect your money and offer the best foreign exchange (FX) every time you use Cashaa.
3. Enabling Investment in a Global Economy: Cashaa products can enable their users to access the global economy in a decentralized way. They can facilitate the transfer of values across boundaries allowing greater portfolio diversification with higher yields.
4. Dedicated to Communities with Open APIs: Create a next generation DApp to solve the world's greatest financial challenges. Our SDK and Open API developers with integrated biometric and integrated intelligence services will accelerate the growth of digital innovation.
The Cashaa Ecosystem
1. The CASConnect layer is the first step for every participant to graduate. KYC checks are performed by verifying their email ID and phone number. For higher transaction sheets, the user must pass a rigorous inspection and must follow a tiered KYC structure involving OFAC, AML and other guidelines varying from country to country. This layer will also interact with banks and government initiatives to use the KYC that is in place. Casha also provide biometric verification options to include undocumented portions of the population.
2. The CASNet layer allows block-based self-aware contracts assisted by agents for a decentralized peer-to-peer (P2P) economy. This will have a machine and matching system to determine fee%, margins and bonuses. This layer will use some high-quality engineering work done by our Smart Contractor Advisor Alex Norta and utilize existing results achieved by Qtum and the Agrello Foundation.
3. CASFabric is a middle layer with core components for decentralized exchange with messaging clearing networks, fraud prevention, clock synchronization between participants and the mechanism of liquidity providers. This layer has the necessary admin tools that allow admin users to add new crypto, market, fiat and contract partner contracts within minutes to complete the solution, based on industry adoption and maturity. SDK developers in C #, JAVA, Python and Go will be published to develop and integrate them with the Cashaa platform. Currently, Cashaa has installed API exchange and FX in JSON.
4. Our CASChain layer creates a network operable and neutral cryptocurrency, which ultimately can operate via digital currency or token which traders like, Bitcoin, Ether, Ripple, NEO or Compulsory Token ERC-20. The blockchain nodes of the above mentioned cryptocurrencies will be activated and integrated within CASConnect, making Cashaa the preferred partner for interoperability growing in tandem with the financial services industry.
5. The CASFiat layer will be integrated with a banking system that combines cash instruments in various currencies within the network. This layer is responsible for determining FX conversions; ensuring the availability of every FX value available on the platform and also helping to work with 3rd party APIs like XE, Reuters reduces communications with payment networks worldwide.
1. Produce financial products for Banked and Unbanked: Cashaa's digital and transparent services not only appeal to the banked population, but also provide financial inclusion solutions to 2.5 billion unbanked and 1 billion underbanked globally, thus creating unique cross-borders. platform that can serve the entire population.
2. Facilitate low-cost currency exchange: Send money across borders quickly, at a small flat fee - a fraction of the current cost, which currently averages 7%. Our industry-leading technology platform supported by our merchant network can protect your money and offer the best foreign exchange (FX) every time you use Cashaa.
3. Enabling Investment in a Global Economy: Cashaa products can enable their users to access the global economy in a decentralized way. They can facilitate the transfer of values across boundaries allowing greater portfolio diversification with higher yields.
4. Dedicated to Communities with Open APIs: Create a next generation DApp to solve the world's greatest financial challenges. Our SDK and Open API developers with integrated biometric and integrated intelligence services will accelerate the growth of digital innovation.
The Cashaa Ecosystem
1. The CASConnect layer is the first step for every participant to graduate. KYC checks are performed by verifying their email ID and phone number. For higher transaction sheets, the user must pass a rigorous inspection and must follow a tiered KYC structure involving OFAC, AML and other guidelines varying from country to country. This layer will also interact with banks and government initiatives to use the KYC that is in place. Casha also provide biometric verification options to include undocumented portions of the population.
2. The CASNet layer allows block-based self-aware contracts assisted by agents for a decentralized peer-to-peer (P2P) economy. This will have a machine and matching system to determine fee%, margins and bonuses. This layer will use some high-quality engineering work done by our Smart Contractor Advisor Alex Norta and utilize existing results achieved by Qtum and the Agrello Foundation.
3. CASFabric is a middle layer with core components for decentralized exchange with messaging clearing networks, fraud prevention, clock synchronization between participants and the mechanism of liquidity providers. This layer has the necessary admin tools that allow admin users to add new crypto, market, fiat and contract partner contracts within minutes to complete the solution, based on industry adoption and maturity. SDK developers in C #, JAVA, Python and Go will be published to develop and integrate them with the Cashaa platform. Currently, Cashaa has installed API exchange and FX in JSON.
4. Our CASChain layer creates a network operable and neutral cryptocurrency, which ultimately can operate via digital currency or token which traders like, Bitcoin, Ether, Ripple, NEO or Compulsory Token ERC-20. The blockchain nodes of the above mentioned cryptocurrencies will be activated and integrated within CASConnect, making Cashaa the preferred partner for interoperability growing in tandem with the financial services industry.
5. The CASFiat layer will be integrated with a banking system that combines cash instruments in various currencies within the network. This layer is responsible for determining FX conversions; ensuring the availability of every FX value available on the platform and also helping to work with 3rd party APIs like XE, Reuters reduces communications with payment networks worldwide.
CAS Token
The CAS Token is a key component of the system that allows trade, lending, and access to other upcoming services in the CAS ecosystem. The CAS serves two main purposes: First, tokens are the internal fuel mechanism of the Cashaa ecosystem. Second, it is part of the CAS system governance component. Each Cashaa wallet initially comes with a predetermined number of CASs and can not be used without a minimum CAS balance.
CAS Token Benefits
- Acquire premium services in the Cashaa ecosystem (Membership)
- Ability to trade crypto anywhere in the world (Trade)
- Lower transaction costs for the $ 600 billion remittance industry (Remittance)
- Give credit value to lender (Micro Finance)
- Ability to participate in governmental mechanisms for the use of CAS (Governance)
- Secure P2P money transfer (Escrow)
For more information, you can visit the official website of Cashaa here :
- Website - https://cashaa.com/
- Whitepaper- https://cashaa.com/pdf/Cashaa_WP.pdf
- Facebook - https://web.facebook.com/cashaaLtd/?_rdc=1&_rdr
- Twitter - https://twitter.com/CashaaLTD
- Telegram - https://t.me/cashaaltd
- Linkedin - https://www.linkedin.com/company/cashaa
- YouTube- https://www.youtube.com/channel/UCwRJjX6dNz49j3Pc0ROZJbg
- Discord- https://discordapp.com/invite/FUfUVJx
- Announcement - https://bitcointalk.org/index.php?topic=2272412.0
ID Users
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User Name
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bangcrypto
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ID Bitcointalk
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ETH Address
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0xD77BDFE6CB37Cd6a01b62FB339794ca4E813939e |
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