Hello Everyone, I am kumar Gaurav, CEO and CO founder of a startup called Cashaa, I started this company with the sole purpose to move cash free from one part of the world o another. I really get annoyed when people making breads did not have enough money to survive, but the giants like western union and banks who just use there connection and give cash for cash make a lot and rip common people pockets. Centuries humans had build a lot of technologies and we are using one of them called BLOCK CHAIN but in the way to make a p2p network due to which people can get there demand of cash ( real coins and paper note) by surpassing these giants.
The global remittance market is worth $600 billion a year and surprisingly half of this amount is dealt with in hard cash.People from every country in the world send money to their families and friends but they share a common huge problem: the incredible high fees, which in some cases eat up to 20% of the transferred cash. While there a world of crypto currency which is revolution and completely online and easy to transfer without losing its value.
What is needed is a new system which can communicate with the new and old world of currencies and easier to use by the people who are not aware of crypto currency or blockchain. What if we made a system where peer can do the exchange in himself and just know what they have to do Ex: A cash sender interest is only that his money reaches to his receiver and for that he need to give it to someone. While a trader (seller) interest is in selling his asset and receive a cash from someone. A trader (buyer) need to know to whom he have to give the cash for the asset he want to buy. While the currency receiver job is to receive the money send to him. Sounds a lot of work in combined, but if beaked down it very simple and that’s what we did. And using the crypto traders who were buying and selling crypto currencies are now being used as an interface to communicate with the world of currency and crypto currency. BY careful and smartly designed world order book which can run on itself by the power of peer to peer and take the advantage of world as market. To empower the advantages and bring liquidity in the market we plug in with the cash remittance market which is in itself is of more than $ 300 billion.
We have built a network where today’s money can be brought online properly. This network will ensure that “value” which user desires, moves from point A to point B anywhere in the world and can do so without degrading or stopping all the while maintaining it’s agreed upon value and form to each party.
I want to invite people not to just join us, but they can use there own network like us and help people to make transfer cash free for everyone in this world.
What cryptocurrencies are used by cashaa? And which blockchains do you use?
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thanks @reddet