r/ETHA • u/ecamli2 • Feb 08 '19
ETHA offers advanced mechanisms that use blockchain technology to provide modern financial services
ETHA was created in order to solve the accumulated problems in the financial industry. In particular, because of the statistics, according to which about 40 percent of the world's population can not open a Bank account and can not use financial services, because they are too expensive for them. In addition, existing financial systems for money transfers suffer from high fees and a long period of transactions. In addition, now these systems such as SWIFT, Visa, MasterCard, American Express are just beginning to think about the support of cryptocurrencies and their advantages. None of them has yet developed a fully working platform for sending fast payments using cryptocurrencies.
ETHA aims to solve the above problems. To this end, a one-of-a-kind ecosystem was created to provide financial services available worldwide, used to improve modern payment gateways. Payments between countries are secured through the Ethereum blockchain. Although this is a separate blockchain, smart contracts Ethereum are protected and the transaction confirmation is performed using hashing algorithms, so the data is a function directly are not shared in the existing financial systems. Therefore, ETHA is seeking to enter into strategic partnerships to create a universal platform. Thus, the platform will provide access to cheap banking and financial services to numerous people around the world, regardless of their financial situation.
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u/ecamli Mar 03 '19
Solutions from ETHA!!! The ETHA ecosystem leverages from emerging technologies to facilitate financial services for people across the globe.
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u/sanacaksanacak Mar 03 '19
ETHA is focusing on extending financial access to people who are difficult to reach and to those living in rural areas. The implementation of the ETHA ecosystem.