Welcome to my review of Cashaa a new ICO which is launching in the cryptocurrency space.
Today I’m sharing my honest opinion and giving you more details so you know whether or not to invest in Cashaa in pre-sale/ico.
Founded on 18th January 2017 by a London based company, Cashaa, after testing it for many months. Since the inauguration of this platform, it has transferred above USD 2.5 million to over 12,000 users. Now, the Cashaa review given in this post will assist you to know this platform as well as cryptocurrency closely.
Cashaa is a platform that runs with an aim to offer financial products to the people all over the globe who utilize bank accounts or even not for transactions financially. This platform makes use of blockchain technology to give digital services and transparent financial. Even though it’s built on a specific technology to offer digital services as well as currencies all through the world it indeed works just like a traditional bank.
Now, for it to be differentiated from traditional banks, Cashaa planned to give currency exchange at an affordable cost globally just like other institutions depending on blockchain technology. Simple access to currency (digital), low fees because of lesser overheads as well as foreign currency exchange at better rates are the aims of Cashaa as well.
Also, there is an investment feature of Cashaa that lets investors in participating in the process of economy’s decentralization. It allows cross border cash transfer to the investors by letting them utilize diversified portfolio offering a higher yield. To increase the digital coins liquidity, Cashaa is planned to issue debit cards, CASNext Wallet and also CASNext Cards to its customers.
Workings of Cashaa
Note that Cashaa is created on Auxledger, a scalability, performance, and security targeted enterprise-grade blockchain, to give an efficient performance and maximum security to its clients. The platform claims to also have more than 12,000 registered members all over the world as well as supports almost 100 global currencies since it has been beta tested several times throughout the world.
Auxledger utilizes IPFS or Interplanetary File Storage in decentralizing and distribute some files across Cashaa network. Presently this blockchain is truly planning on partnering with the users of corporate enterprises and government to be used to maintain registries of land, benefit distribution programs and electronic records of health and so on.
Features of Cashaa
Now, some features of this platform not just differentiate it from our traditional banks but from financial institutions which are built on blockchain too.
Targeted unbanked and banked individuals: Some of the blockchain institutions always target either unbanked individuals or banked individuals who can’t access banks because of lack of identification or some other reasons. However, Cashaa is targeting both of these individuals since there are over 3.5 billion people all over the world are either underbanked or even unbanked based on Cashaa’s official site. The main aim of producing Cashaa is to serve the entire people in the world no matter their status of the bank.
Low-cost currency exchange: Simple transfer of any currency globally at low cost is among the main advantages of this cryptocurrency. The foreign exchange trading technology utilized on this platform lets its user’s exchange currencies at low rates compare to any other banking provider.
Global economy investment: The users of this platform are allowed to participate in the worldwide economy because they can easily invest across boundaries in the different portfolio. You can seamlessly transact at low cost by choosing a digital token you want.
pen API as well as SDK: They let its developers solve financial problems by producing DApps, which is a next generation app. To accelerate the platform’s growth, Cashaa has an API and SDK along with integrated artificial as well as biometric intelligence services.
Make use of your wallet or cards to spend anywhere: They are planning to give CASNext Wallet as well as cards to its users to enhance the liquidity of its coins such as cash money Cashaa uses now. This financial platform permits you to spend the digital coins where Visa cards or MasterCard are accepted. They will be introducing a mobile wallet or multi-currency wallet so that users can easily make transactions, obtain balance updates and instantly set intelligent notifications.
Being a financial platform that is blockchain-based, Cashaa is created on Auxledger, which is an enterprise-grade blockchain.
The main aim of Cashaa ICO is to produce a banking platform which everybody in the world can access whether they are banked or unbanked.
My honest opinion? This looks like a great ICO and one that could go a long way.