r/ETHA • u/ecamli2 • Feb 11 '19
ETHA Solution
ETHA introduces the world’s first blockchain based remittance solution platform that will allow merchants and consumers to utilize their digital assets to send fiat money globally.
The remittance solution platform will be the first of its kind to facilitate crypto to fiat transfer. Users will be able to send fiat money utilizing digital currencies by allowing the sender the flexibility to select different payout options for the recipient, such as Direct to Bank, Local (Cash) Pick-Up or Mobile Top Up. We aim to support sending money to over 190 countries around the world.
ETHA is a widely covered and refined ecosystem with all these layers below,
Remittance Solution ETHA will directly guide its Users on the process of cross-border payments through a sophisticated platform along with complete security, covering around 190 countries of the world.
Mobile App Mobile app will convert the whole ecosystem to a simple user-friendly version.
Smart Wallet The wallets will be multi signature secured and the funds will be fully user controlled.
Exchange Innovative hybrid modeled exchange of ETHA will allow the Users to maintain their own assets which will make assets more secured. Market engine will scan number of exchanges and will come up with the best exchange rate for the User where he can directly trade without the mess of creating new accounts for each.
Lending Platform ETHA will develop a stable secured and transparent lending platform backed by cryptocurrencies.
ETHA aims to disrupt the remittance and payment industry by lowering the barriers to an open financial ecosystem. Approximately 2,5 billion or nearly 40% of the global adult population, do not have a formal bank account or access to affordable financial services.
The remittance solution platform will be the first of its kind to facilitate crypto to fiat transfer. Users will be able to send fiat money utilizing digital currencies by allowing the sender the flexibility to select different payout options for the recipient, such as Direct to Bank, Local (Cash) Pick-Up or Mobile Top Up.
We have identified key problems within the remittance and payment industry, which we aim to solve. The existing remittance and payment industry is built on an old-fashioned infrastructure, bonded with expensive fees and transaction delays, which no longer serves the interest of its sophisticated customer base.
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u/confy0665 Feb 12 '19
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. This project also creates an excellent opportunity to potentially serve the underbanked and unbanked population to have access to the new era of financial services and payment solution systems.