Cashaa – ICO Scam or Legit? [Full Review]
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I’ve been checking out this new coin to learn more and now I’m sharing my honest review.
Before I start
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Cashaa Review
Today I’m looking at Cashaa. It’s just 1 of the many ICO’s I am reviewing lately. I already exposed some scams in the cryptocurrency niche like BitConnect and now I’ve decided to move onto other ICO’s (some legitimate and some not) to share my honest opinions. Be sure to also see my eros coin review.
Cashaa is a financial platform founded by a London based company on 18th January, 2017 after testing it for several months. Kumar Gaurav CEO of this company founded this platform in collaboration with co-founders Celestine Vettical, chairman, Dominic Melo, chief payment officer, Francesco Zorgno, chief invewstment officer, Felice N. Covelli, CFO and Janina Lowisz, VP marketing. Since its inauguration this platform has transferred more than USD 2.5 million of more than 12,000 users. The Cashaa review provided in this write-up will help you to know this payment platform and cryptocurrency more closely.
Introduction to Cashaa
Cashaa is a payment platform that works with an aim to provide financial products to the individuals all over the world who use bank accounts or not for financial transactions. This platform uses blockchain technology to provide transparent financial and digital services. Though it is built on a particular technology to provide digital services and currencies all over the world but it works like a traditional bank.
In order to differentiate it from traditional banks Cashaa has planned to provide currency exchange at low cost globally like other institutions based on blockchain technology. Easy access to digital currency, low fees due to lesser overheads and foreign currency exchange at better rates are also the aims of Cashaa.
There is also an investment feature of this platform that allows investors to participate in the process of decentralisation of the economy. It also allows cross border money transfer to its investors by allowing them to use diversified opportunistic portfolio providing higher yield. In order to increase liquidity of its digital coins Cashaa is also planning to issue debit cards, CASNext Cards and CASNext Wallet to its clients.
How Cashaa Works
Cashaa is built on Auxledger, a performance, scalability and security focused enterprise grade blockchain, to provide maximum security and efficient performance to its clients. This platform claims to have over 12,000 registered users all over the world and supports nearly 100 global currencies as it has already been beta tested many times worldwide.
Interplanetary File Storage or IPFS is used by Auxledger to decentralise and distribute files across the network of Cashaa. Currently this blockchain is planning to partner with the users of government and corporate enterprises to be used in maintaining registries of land, electronic records of health and programs of benefit distribution etc.
Features of Cashaa
Some of the features of Cashaa not only differentiate it from traditional banks but also from financial institutions built on blockchain.
Targeted banked and unbanked individuals: Some of the other blockchain institutions target either banked individuals or unbanked individuals who cannot access banks due to lack of identification or other reasons. But Cashaa targets both of these individuals as there are more than 3.5 billion people all over the world are either unbaked or underbanked, according to Cashaa’s official website. Main aim of creating this platform is to serve all the people in the world regardless of their banking status.
Currency exchange at low cost: Easy transfer of any currency worldwide at low cost is one of the main benefits of this cryptocurrency. The forex trading technology used on this platform allows its users to exchange foreign currencies at low rates than any other banking service provider.
Investment in global economy: The users of Cashaa are allowed to be part of global economy as they can invest across international boundaries in diversified portfolio. You can transact seamlessly at low cost by picking a digital token of your choice.
Open API and SDK: Cashaa allows its developers to solve financial hurdles by creating DApps, a next generation app, on this platform. In order to accelerate the growth of this platform Cashaa has an open API and SDK with integrated artificial and biometric intelligence services.
Use your cards or wallet to spend anywhere: Cashaa is planning to provide cards and CASNext Wallet to its users to increase the liquidity of its coins like cash money they are using today. This financial platform allows you to spend your digital coins even where MasterCard or Visa cards are accepted. Meanwhile they are planning to introduce a multi-currency wallet or mobile wallet so that users can make transactions, get balance updates and set intelligent notifications instantly.
Conclusion for Cashaa
Thus, being a blockchain-based financial platform Cashaa is built on Auxledger, an enterprise-grade blockchain technology. Main aim of Cashaa is to create a banking platform that can be accessed by all in this world whether they are unbanked or banked.
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