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, Cashaa 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.
What is Cashaa Token ?
Membership: Access to premium services such as Higher FX transfer limit, ATM withdrawals, transfer and exchange an unlimited amount of money.
Microfinance: Token holders can give loans and have access instant loans at low interest rates compared to non token holders.
Credit Score: The accumulation of CAS tokens improves credit scores of low credit rated individuals and small businesses.
Trading: Only traders with enough CAS can participate in the trading network and are entitled to create smart contracts for trading.
Governance: voting system is another objective of the CAS token, Stake holder will able to govern the smart contract updates etc.
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.
The Cashaa team extensive banking and payments experience helps us to know the nuts and bolts of internal process and license requirements:
● Team is already in negotiation with companies to acquire the e-money and banking licence to save money and time.
● Partnerships with banks and financial institutions to leverage their licences to speed up Cashaa process to go live. For example, in UK, Africa, India & EU, Cashaa leveraging relations to use the different payments network. In Europe through Cashaa strategic partnerships are going to use the Mastercard network.
● Working closely with the auditing firms to leverage the auditability, transparency and accountability of the Cashaa platform to encourage its use.
- Starts 6th November
- Ends 5th December