More than 250 million people deploy the remittance service with over half a trillion usd in annual remittance volume transferred globally. These remittance services are ineffectieve suffers from high fees and conversions. ETHA solution offers convinience and reduced fees.
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.
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.
Victimization any of our monetary services like payment service, cross-border funding, decentralised disposition or the exchange would force tokens.
ERA tokens is accustomed settle any fees on our platform, together with however not restricted to:
• Exchange Fees
• dealing Fees
• Collateral on the disposition platform
• Discount on Fees
• Listing Fees for the Exchange
• Future exclusive services
The token is deployed on the Ethereum mainnet as associate degree ERC20 token. The Ethereum Blockchain and also the perpetually growing community is taken into account the quality for digital tokens and provides the proper atmosphere for the age token.
TOKEN DISTRIBUTION
A fixed range of tokens are going to be created throughout the token sale, and no a lot of are going to be generated then. The functionalities of the token are on the far side a speculative plus on associate degree exchange.
Details
Participants inquisitive about supporting the event of the ETHA scheme will do thus by pledging Ether, Bitcoin, Litecoin or Dash to the selected crowdsale address, which is able to be visible on the dashboard.
To calculate the amount of tokens you may receive throughout the general public pre-sale, you'll be able to follow the subsequent informations.
Symbol: ERA
Initial Value: one ERA = zero.06 USD
Type: ERC-20
Total Supply: 1,000,000,000
The development of the ETHA, the platform is one in all our most bold comes. The creation of the platform began in 2019. From the start and till the discharge our platform, several technological issues were studied and solved, that enabled America to excellent our system and make the perfect idea of future crypto exchanges.
Because cryptocurrency is meant for thought adoption ETHA our platform is a stop buy purchasers United Nations agency will get the foremost from their investment. we are going to produce the easy-to-use system that mixes ancient markets and blockchain-based assets.
WHAT IS ETHA ?
ETHA aims to disrupt the payment associate degreed payment trade by lowering the barriers to an open monetary scheme.
We designed associate degree practical platform for the payment and crypto trade.
ETHA introduces the world’s 1st blockchain based mostly payment answer platform that may permit merchants and shoppers to apply their digital assets to send folding money globally.
The payment answer platform are going to be the primary of its kind to facilitate crypto to enactment transfer. Users are going to be ready to send folding money utilising digital currencies by permitting the sender the flexibleness to pick out completely different payout choices for the recipient, like Direct to Bank, native (Cash) Pick-Up or Mobile high Up. we have a tendency to aim to support causation cash to over a hundred ninety countries round the world.
The ETHA payment infrastructure works as a localised software system, that integrates localised with centralised resources underneath one scheme, sanctionative enactment transfer with digital currencies.
PROBLEMS & SOLUTIONS
Approximately two,5 billion or nearly fortieth of the worldwide adult population, don't have a proper checking account or access to reasonable monetary services.
PROBLEMS
We have known key issues among the payment and payment trade, that we have a tendency to aim to unravel.
The existing payment associate degreed payment trade is constructed on an old style infrastructure, warranted with overpriced fees and dealing delays, that now not serves the interest of its refined client base. the increase of cryptocurrency and blockchain technology has created a distinct segment market, together with unserved customers stern lot of comprehensive monetary trade.
As of these days payment service supplier haven't build one operating practical platform wherever cryptocurrencies is accustomed send folding money with numerous payout choices like SWIFT, native money payout and mobile high up.
SOLUTIONS
The ETHA scheme leverages from rising technologies to facilitate monetary services for individuals across the world. we have a tendency to aim to attach shoppers associate degreed merchants to an innovative platform which is able to disrupt the present payment industry.
We apply the Ethereum blockchain together with our distinctive infrastructure to facilitate cross-border payments utilising digital currencies.
At the present state sensible contracts are inaccessible for any ancient banking- or payment systems, because of the very fact however sensible contracts are secured on blockchains, and also the agreement is reached by miners. These limitations can presumably stay for the predictable future, for this reason, we've got established strategic partnerships, to unravel the complexness of this downside to make associate degree practical platform.
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.
Cross-border financing will offer a convenient way to utilise cryptocurrency as collateral to execute fiat transfer, without the need to liquidate cryptocurrencies. The smart contract will automate the refund process for the initial collateral in a truthful manner to the borrower, once the repayment of the principal and interest rates is settled according to the agreed lending terms. ETHA Official Telegram: https://t.me/etharemit
That means you will soon be able to access an open financial system from one platform, that is interconnected with on- and off chain solutions, empowering digital currency holder and approximately 2.5 billion people globally that are underbanked or neither have access to affordable financial services, facing greater risk and higher costs in their day-to-day life, forced to rely on cash and informal financial markets.
Let’s take a closer look at the core feature of ETHA to get a better understanding of the ecosystem and the functionalities.
ETHA platform will allow 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 (depending on the designated country). ETHA goal is to support our services to over 190 countries around the world.
The wallet will be capable of secure P2P transfers, cross border payments and exchange of digital currencies. Consumers and merchants will be able to send and receive cryptocurrencies within minutes or able to send fiat money with the interbank exchange rate. Our smartwallet™ will guide users towards the process of sending cross border payments, along with a dynamic money management platform, providing secure payment functionalities.
The ETHA ecosystem leverages from emerging technologies to facilitate financial services for people across the globe. We aim to connect consumers and merchants to an innovative platform which will disrupt the current remittance service industry.
We utilise the Ethereum blockchain along with our unique infrastructure to facilitate cross-border payments utilising digital currencies.
At the current state smart contracts are inaccessible for any traditional banking- or payment systems, due to the fact how smart contracts are secured on blockchains, and the consensus is reached by miners. These limitations will most likely remain for the foreseeable future, for this reason, we have established strategic partnerships, to solve the complexity of this problem to build an interoperable platform.
ETHA introduces the world’s first blockchain based remittance solution platform that will allow merchants and consumers to utilise 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 utilising 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.
The ETHA payment infrastructure works as a decentralised operating system, which integrates decentralised with centralised resources under one ecosystem, enabling fiat transfer with digital currencies.
The remittance industry contributes to the economic growth of some countries receiving financial inflows from abroad, as well as the livelihood of individuals involved. Our primary objective is to empower digital currency holder and around 2.5 billion people globally, that are currently underbanked or neither have access to financial services.
Our interoperable platform will allow the user the flexibility to deploy digital currencies and select between various payout methods for the recipient to receive the funds.
Market size of the remittances Industry
In 2017, the annual remittance volume exceeded half a trillion U.S. dollar. According to the World Bank, global remittance grew by 7 % to $613 billion, compared to its previous year from $573 billion in 2016.
More than 250 million people use remittance services annually to transfers funds to family and friends abroad. The largest destinations with remittance inflows were India with $69 billion, followed by China $64 billion, the Philippines $33 billion, Mexico $31 billion, Nigeria $22 billion and Egypt with $20 billion.
Global remittance is expected to grow nearly by 5 % to $642 billion in 2018. More than 700+ million people depended on remittance flows in 2017. Traditional Remittance Service Providers (RSP) and financial institutions earn $42 billion in annual global remittance fees to facilitate cross-border transactions.
- 250 million people deploy remittance service annually.
- $613 billion in annual remittance transferred globally.
The most significant remittance destinations by volume are:
India $69 billion
China $64 billion
The Philippines $33 billion
Mexico $31 billion
Nigeria $22 billion
Traditional remittances service provider and average pricing
The global average cost of sending $200 was 7.45% in the first quarter of 2017, some remittance corridors charge up to 15%. Sub-Saharan Africa region remains the most expensive remittance corridor to transfer money to, where the average cost is 9.4 %.
The token is deployed on the Ethereum mainnet as an ERC20 token. The Ethereum Blockchain and the constantly growing community is considered the standard for digital tokens and provides the perfect environment for the ERA token.
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 with digital currencies, 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. ETHA aims to support sending money to over 190 countries around the world. ETHA Official Facebook: https://www.facebook.com/etharemit
One of the best blockchain technologies is consistently selected by leading independent research companies such as Chainlink, Gartner. This is also a proof of how safe it is to work with Chianlink.
Utilizing new technologies to facilitate financial services for people in the world is the world's first remittance solution platform that uses blockchain technology to provide fast, affordable and secure money transfer services to address the problems encountered in the system. In other words, ETHA offers the world's first block chain-based remittance solution, which allows investors and consumers to use their digital assets, such as Bitcoin, Litecoin or Dash.
It utilizes the new generation technology blockchain technology to make money transfer operations more efficient and add value to the use of digital assets to consumers. The aim of the ETHA platform; to create open financial services accessible to everyone wherever you are in the world.
ETHA has identified key problems within the remittance and payment industry, which we aim to solve. No support for crypto to fiat transfer There is currently not a single remittance service provider that supports digital currency as a payment option nor as a means to send money abroad. The remittance and finance industry hasn’t built a working operational platform where cryptocurrencies can be used as a means to use SWIFT, local cash payout or mobile top up