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2008 will always be remembered as the year the world stood still. Not due any bizarre display in the heavens, rather it was the day the global financial market crashed leading to the financial crisis in 80 years. The ensuing credit crunch crippled the entire banking and investment sector and ripped right through industries relying on credits and loans to regulate their cash flow. The recession that enveloped the world in the wake of the crash was unbearable for most despite massive fiscal and monetary stimuli from government and private institutions.
Following the crash, most people lost faith in financial institutions, realizing that the system was lethargic, rigid, lengthy, and lacks self-governance. This realization paved the way for a new form of lending, peer-to-peer, a market estimated at $26 billion in 2015 and projected to be worth more than $897 billion by 2024. However, despite these growth, the current peer-to-peer lending market is unable to provide financial inclusion to all because it lacks one crucial element, Etherecash.
Etherecash is a Fintech start-up that aims to create a unifying and secure platform for core financial services. By building these services on the backbone of the blockchain and securing service interactions with smart contracts, Etherecash aims to bridge the gap between those with access to finances and those without, eliminating borders, intermediaries, and prejudices.
Currently, there are over 2 billion unbanked people in the world. However, a vast majority of these people have access to mobile devices and the internet. Thus, by developing a financial system that can be easily operated off any mobile device, Etherecash is ushering a new level of transparency and global access to banking services.
Unlike other offerings on the market, Etherecash has recognized the complexities involved in liquidating and spending cryptocurrencies. This is why the company has developed a proprietary crypto debit card that directly allows users to spend and send from their online whether online or in a store. Users can securely send money from anywhere in the world to anyone instantly with minimal transaction fees, or loan money using the strength of their cryptoasset portfolio as collateral. The crypto acts as collateral, helping financiers to mitigate risk while expanding people’s access to capital. For most crypto user, this is a welcomed development in lending because they no longer need to liquidate their portfolio to finance their ventures and can easily reclaim it back by fulfilling the terms of their smart contract.
Etherecash’s mission has been lauded by the crypto community, resulting in a successful pre-ICO earlier this month. Buoyed by this, the company has announced their main ICO following their participation in the World Blockchain summit in Dubai.
The ICO is currently live having launched on November 15th, and ends on December 19th, 2017, Etherecash ICO is for the ongoing development of the platform, ecosystems, and their introduction to the crypto banking sphere. Based on the Ethereum ERC20 tokens standards, Etherecash tokens are purchasable using Bitcoin or Ethereum.
With a supply of 360,000,000 Tokens and an ICO supply of 144,000,000, early adopters are welcomed with an incentivising ICO bonus structure:
Main ICO Bonus:
15th November – 15%
Week One – 12%
Week Two – 10%
Week Three – 5%
Week Four – 3%
Week Five – 0%
About Etherecash
Etherecash aims to address the primary concerns and security issues of financial services through the integration of blockchain technology and lawyer-backed smart contracts. By unifying users on a decentralized platform, Etherecash is poised to change the way money is Lent, Spent, and Sent.
Visit the Etherecash Website – http://etherecash.io