BANKING ON MY FUTURE....CASHAA....

Technology has come a long way and has moved forward along with Banking. new technological discoveries and developments have abruptly surfaced to make our lives better. Part of the list would be Virtual Reality, Augmented Reality and AI or Artificial Intelligence. In relation to this, Banking has come along for the ride. If we trace the history of banking, I would say " great things starts from small beginnings". Banking started a long time ago when merchants lend grain to people in exchange for other goods and as of the moment, it has revolutionized into an integral part of the society.

Let's try to connect banking with technology. Let's find out how it evolves and will continue to evolve with technology. That is were CASHAA comes into the picture. What are the problems encountered by modern banking and how can CASHAA solve these problems.

PROBLEMS OF MODERN BANKING (SOME INFO FROM https://cashaa.com/)

Transferring money for remittance. Working in another country or abroad and transferring/sending money can be very expensive. You get charged a processing fee, withdrawal fee, and transfer fees. The tendency would be, the money you are sending becomes smaller and small due to the fees and charges.

Money lending across 1 international borders. It is a very complicated, time-consuming and expensive process. Another factor that would affect this transaction would be the laws or taxes attached to lending. Since you are doing lending transaction all around the world, different countries have different approach and taxes attached to it.

Traditional Banking Systems. Modern banking still runs on traditional banking channels. They are slow and full of intermediaries, higher exchange rates, counter-party risks, bureaucracy and extensive paperwork. For a regular person who wants to deposit any money, it's a hassle.

Unbanked or underbanked. These are people how haven't tried banking. You might ask, " Are there still people who haven't tried banking or know anything about banking?". The answer is " Yes". These have few opportunities to have a safe and secure way to participate in the global economy. Letting this person know or educating them is the key so that they can be part of the global economy and enjoy these banking services.

Struggling consumers and businesses. Not all businesses and consumers are aware of BLOCKCHAIN and its advantages. Information and introduction of BLOCKCHAIN to the mainstream economic masses have not been widespread as of the moment.

What is CASHAA? (SOME INFO FROM https://cashaa.com)

CASHAA is not just a banking platform which relies on the blockchain. It is a one-stop shop for all your banking needs. CASHAA built its infrastructure on the blockchain and utilizes artificial intelligence to power mainstream adoption for financial products. CASHAA is not your traditional online bank which is just a feature for some of the bank around the world. CASHAA allows consumer adoption of cryptocurrencies, which let people move money as they wish at low cost and high speed, without having to understand the technical aspect of crypto and blockchain technology, thereby making it very user-friendly, secure, and affordable. The CAS token is a key component of the system that enables trading, lending and gives access to other upcoming services in the CAS ecosystem. CAS serves two main objectives: First, the token is the fuel of an internal mechanism of the Cashaa ecosystem. Second, it is part of the governance component of the CAS system. Each CASHAA wallet is initially equipped with a predefined amount of CAS and cannot be used without a minimum CAS balance.

CASHAA's Products:

Wallets.  CASHAA Wallet will be a one-stop destination for users to use existing and other planned services.

Physical & Virtual cards. CASHAA Wallet includes a CASHAA prepaid card which complements the wallet. Physical prepaid cards are the most convenient way to connect virtual assets in the finance sphere.

Micro Lending. CASHAA microloans are small p2p loans that are issued by individuals on our platform. These loans can be issued by a single individual or aggregated across a number of individuals who contribute a portion of the total amount.

Peer-to-peer exchange. The CASHAA platform will be equipped with portfolio management services which enable market analysis, allowing users to share insights on markets, display their achievements and receive trading signals.

Peer to Peer Insurance. The smart contract enabled insurance platform can be used for ensuring the household, personal liability, legal expenses, travel and many more. Smaller claims and deductibles will be settled by peers in the group while the large claims are still covered by traditional insurers, with whom the firm partners in future.

CASHAA and the CAS token will be a successful banking platform. It's very secure and safe due to the fact that they rely on Artificial Intelligence which is a very advanced technology.  This is a well-thought project which can solve the modern day banking problems. CAS would be a good investment for crypto traders and crypto enthusiast because of its purpose and what the platform is trying to achieve...a one stop shop for all our banking needs.

FOR MORE INFORMATION ABOUT CASHAA:

VISIT: https://cashaa.com

CHECK out their WHITEPAPER: https://cashaa.com/pdf/Cashaa_WP.pdf

ETH: 0x1ab5e1cD1ACB276F9B175BD7545f77291ff53C0E