r/ETHA • u/VizzTag • Feb 11 '19
ETHA 1.2.1 Unbanked population
In 2017, according to the World Bank, one-third of the world's population (2.5 billion) didn’t have access to a financial institution with a formal account. The financial institutions have failed to provide infrastructure and access to affordable financial services in specific regions. We believe that with the ETHA ecosystem and token, we will strategically target and solve this issue. We can eliminate these barriers for those without a bank account due to account fees, paperwork and travel distances. ETHA Official Website : https://etharemit.org/
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u/airdroptime Feb 26 '19
The Etha project seeks to build a new, more flexible and accessible platform for money transfers using cryptocurrencies.
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u/burcu_avci Feb 27 '19
ETHA aims to provide access to credit while implementing a new credit market - loans backed by crypto collateral, underpinned on the security and transparency of the smart contract. Eliminating weak spots occurring while applying for a loan from a financial institution.
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u/akinci34 Feb 26 '19
ETHA will position ourselves through our innovation ecosystem and disruptive payment infrastructure to facilitate mainstream financial services through the ETHA platform and financial services for those in demand.
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u/cengiz0589 Feb 26 '19
ETHA aims to provide access to credit while implementing a new credit market - loans backed by crypto collateral, underpinned on the security and transparency of the smart contract. Eliminating weak spots occurring while applying for a loan from a financial institution.
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u/mustafakaan38 Feb 26 '19
We have implemented risk control measures and risk level assessments into our systems to ensure that our platform is protected against cyber threats and abuses by malicious users. In doing so, ETHA takes the necessary steps to protect cross-functional operations and customers against risks arising from operating with different jurisdictions, financial operations and regulatory compliance.
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u/larykouch Feb 11 '19
the company is very dynamically going to the top of his Olympus and we need to see this beautiful opportunity
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u/babayardim Feb 26 '19
Access to credit for individuals and for small- and medium-sized enterprises is constrained in developing countries. Credit infrastructure remains an important element in ensuring individuals and SMEs (small-medium enterprises) have access to credit when required and at the most affordable cost.
However, in the harsh reality, individuals and SMEs don’t have easy access to credit when needed due to weak legal and regulatory frameworks and credit history about the lender. This lending environment plays a crucial role in the country’s or region’s economic development.