Cashaa is a startup that intends to disrupt this massive industry by developing a banking solution that enables quicker and cheaper remittances than is provided by players today. It will take advantage of the rapidly growing cryptocurrency market to provide much needed liquidity and will offer a flat fee of $ 1 for remittances and foreign exchange rates wholesale. It will compete directly with traditional players who have levied high fees and speed up transactions.

Traditional players like Western Union and Moneygram depend on themselves and banks to provide liquidity for remittances to be made. This is the reason for the high margin cost and exchange rates imposed by them. But Cashaa will take advantage of the liquidity provided by the whole cryptocurrencies traders to actualize money transfers. And they will do this in the background seamlessly.

The cryptocurrency market is now at $ 175 billion and is expected to reach 1 trillion dollars in the near future, and will be able to provide the liquidity needed for the global money-transfer industry. This will soon have an impact on the remittance industry as the costs will be lowered and traditional players will be depressed to lower their rates as well.

The direct response by skeptics is why someone trusts Cashaa to send their money back home and most customers will obey Western Union and Moneygram and the like. First of all, Cashaa will ask the crypto traders to provide escrow for the crypto currency to be traded; the seller to give 100% coins he sells while the buyer will give 10% in the escrow wallet. Moreover, what Cashaa does is to allow trust with the use of KYC checks that will comply with different guidelines in each country as well as the legally binding use of smart contracts provided by the Agrello Foundation.

We will see major disruptions in the remittance industry and even smaller players such as money changers and remittance stores can use the Cashaa platform to offer cheaper and faster services to their existing customers. The remittance industry is no longer dominated by some players and will be decentralized because peer-to-peer remittance will be supported by blockchain and cryptocurrencies. This will benefit millions of people who send the much needed money to their families at home.

The remittance industry is an integral part of developing countries and many countries in Asia, Africa and Latin America rely heavily on remittances as part of their GDP. Communities in these countries survive with money transferred from their family members every month and without this remittance, this society can easily fall into poverty or even starvation. Based on data from The World Bank, in 2016 alone $ 575 billion USD is sent globally. The industry is currently dominated by banks and also some legacy players such as Western Union and MoneyGram which charge relatively high fees (See the Fees Table) as well as margins from foreign exchange rates that can reach 6%. See below for how high the cost can go.

With increasing globalization, more and more people are working abroad in stronger countries and sending money back to their families and this causes the money transfer industry to grow bigger and bigger. Nevertheless, there have also been large refugee movements in recent years and once these refugees are economically contributing to their new communities, they will also send money back to the families they left behind in their former countries. The World Bank estimates that remittances are expected to reach $ 615 billion in 2018 from $ 575 billion in 2016.

Vision

We believe there must be an efficient alternative to existing payment and banking systems. Our blockchain-based payment system aims to lower the barriers of financial inclusion and provide financial services to banks and do not have permits. Our vision is to build the payment infrastructure and banking for the future on AI's powerful blocking infrastructure that can create an outdated legacy system, creating value for the world. Cashaa is based on 4 basic principles:

* Produce financial products for Banked and Unbanked: Cashaa's digital and transparent services not only appeal to the turning population, but also provide financial solutions to 2.5 billion unbanked and 1 billion underbanked globally, creating a unique cross-border. platform that can serve the entire population.

* 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% 16. The industry-leading technology platform supported by our merchant network can protect your money and offer the best foreign exchange rate (FX) 17 each time you use Cashaa.

* Enabling Investment in a Global Economy: Cashaa's products can enable its 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 yields18.

* Dedicated to Communities with Open APIs: Create next-generation DAPTs 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.

Blockchain technology

Cashaa tokens are implemented using the Ethethum EIP-20 standard (formerly ERC-20). Tokens receive 22 and are traded on their own Casha services, but are also compatible with different ethereal and bourse wallets.

The blockbain Cashaa technology pile is not limited to Bitcoin and Ethereal. When applicable, Cashaa uses different blocking technologies to decentralize its products. This will provide the benefits of resilience, transparency, compatibility and scalability to Cashaa users.

Token Cashaa and Token Generation Event

The Token generation event (TGE) will take place at an event where early adopters and fans contribute to the Smart Contract System for the development of the Cashaa project. 30 Cashaa token-making events are one of the few that are supported by a proven platform unique to a team with over 200 years of banking and payment experience and successful entrepreneurs building their business from scratch that is now part of the top 15 Fortune companies. The Cashaa model already exists

established with beta testing conducted since February 2017. This beta test comes with 12,770 registered users from 141 countries.

Distribution of CAS tokens in connection with the Token generation event ("Cashaa Token

event generation ") to you as a user thereof, will be subject to and governed by T & C - which is a separate document establishing terms and conditions of agreement between the distributor and you in connection with the incident of Cashaa Token generation.These inconsistencies between T & C and Whitepaper, the first will apply The Distributor will become a Cashaa affiliate, and all funds collected in connection with the Cashaa Token generation incident will be mobilized to fund the Cashaa cryptococcal project, business and operations Unless the context requires otherwise, refer to "us" or "us" in connection with making Cashaa Token event should be considered as a reference to the Distributor.

The next generation Cashaa Token event is announced from 6 November 2017, 13:00 London time 9:00 Singapore Time (UTC +8) / 2PM Munich Time and 8:00 New York Time and is scheduled to end on 5 December.

Token Sale

* All bonuses will be locked until March 5, 2018.

* Participants will obtain CAS tokens by sending crypto received according to the instructions given on our website (https://www.cashaa.com) at the start of token sales.

* All bonuses will be locked until March 5, 2018.

Distribution Tokens

Token Functionality

The CAS Token is a key component of the system that allows trading, lending and granting access to others from upcoming services in the CAS ecosystem. The CAS serves two main purposes: First, the token encourages the internal 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 minimum CAS balance.

Benefits of CAS token

* Obtain premium services in the Cashaa ecosystem (Membership)

* Ability to exchange crypto anywhere in the world (Trade)

* Reduce transaction costs for the $ 600 billion remittance industry (Remittance).

* Give credit score to lender (Micro Finance)

* Ability to participate in government mechanisms for use * CAS (Governance)

* Secure P2P transfer (Escrow)

* Distribution of Token

* Secondary market

* Gift collection

Team Members

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.

Further information:

Website: https://cashaa.com/
Whitpaper: https://cashaa.com/pdf/Cashaa_WP.pdf

Author (gudanggaremfilter): https://bitcointalk.org/index.php?action=profile;u=1173895

My Eth: 0xB23C3ed5b113997Fd35F0fafb56644dC8FAB3039