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The Etherecash platform works over a blockchain which is a peer-to-peer network wherelending occurs independently of a bank or a central authority. However, this is not where the Etherecash functionality is limited.https://www.etherecash.io/
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Theethercashtokenenablesyoutojoinontheetherealblockchain Intoday’sworld,whentransparencyisthekeytoeverything,thenwhyshouldwesettleforsomethingthatdoesn’tprovideuswiththemuch-requiredtransparencyinthefinancialservices?Therewereseveralquestionsregardingthefinancialtransactionswithoutanyproperanswer,butnowwiththeintroductionofEtherecash,everythingisgoingtochangesoon. Thethreeprincipalfinancialfunctionsinvolvespending,transferring,andlendingofmoney.Now,thesethreecorefactorsarebroughtintotheblockchainservicestocreateatransparent,secure,andinexpensivemethodtomaintainourfinances.Itdoesn’tstopthere;instead,italsoimprovesouraccesstoloans. Withthehelpofthisplatform,theborrowersandlenderswillbeabletoconnectdirectlyinapropercontractualmannerthatwillbebackedbylegalhousesallthroughouttheword.Inordertomakethingssimplerforitscustomers,eithercashisconnectingthefiatcurrenciesandcryptocurrencyinthesameplatform,sothatthepeer-to-peerloanispossiblethroughcryptocurrencies. ThroughthePre-ICOCampaign,theywillraisethefundstobuildupafinancialplatformthatisbackedbyblockchain.Onthisplatform,thereisnoneedofagoodcredithistorytoacquireloanifyouareacryptocurrencyholder.Smartcontractsverifiedbythelawyerwillbethere,withthehelpofwhichapplicationofloancanbeprocessed. ThePre-ICOCampaignwillstartfromOctober25th,2017anditwillendonNovember7th,2017.Oncethisisover,theICOcampaignwillflagofffromNovember15thandwillcontinueuntilDecember19th,2017. Youwillbeshockedtoknowthattherearemanyouttherewhodon’thaveabankaccountyet,sotheyarenaturallydeprivedofallthefinancialservices.Evenifyoumanagetohaveanaccountinabank,thenormalprocessissolengthy,unfair,andcomplicatedthatittakesalongtimeingettingtheapprovalofaloan.But,thenagain,thereisnocertaintythatoncetheverificationiscompleteyouwillgettheloan.Sometimes,duetosillyreasons,manypeopledon’tgetaloanapproval. Etherecashishellbenttosolvethisissuethroughthetransparentanddecentralizedlendingplatform.Cryptocurrencyishighlyvolatileanddiverse,somostinvestorstrytokeeptheircryptoassetstothemselves.But,whenthereisanimmediaterequirementofcash,theycan’thelpbutsellitoff,duetowhichtheysufferlosssometimes.
Notanymore,throughthisplatform,theycangetaloanagainsttheircryptocurrencies.Inthisway,theydon’thavetoletgotheircryptoassetsandcanalsomeettheircashdemandbyborrowingthemoneyontheirowntermsandconditions.Heretheyaretheonetodecidetheloantype,theamount,andtheduration.Notanymore,throughthisplatform,theycangetaloanagainsttheircryptocurrencies.Inthisway,theydon’thavetoletgotheircryptoassetsandcanalsomeettheircashdemandbyborrowingthemoneyontheirowntermsandconditions.Heretheyaretheonetodecidetheloantype,theamount,andtheduration. Theloanthatiscompletelyborderfreeandprejudicesfreewillbeapprovedwhenthelenderandborrowerfigureoutthetermsthatwillbemutuallybeneficialforboth.Allthesewillbedocumentedandsecuredbysmartcontractsthatarebackedbyprofessionallawyers. Thiswillnotonlyhelpinacquiringhassle-freeloanbutwillalsoeaseouttheremittanceofcryptoaswellbyintroducingmulticryptodebitcard.Throughthiscard,moneycanbetransferredimmediatelywithoutanymajorissues. Now,spendingandtransferringofcryptoswillbequiteeasy,simpleandinstant.Therewillbenointermediarieswhilemakinganypaymentanywhereintheworldandyouwillbechargedonlyaminimumamountoffeeforthis. Ifyouareinneedoflocalfiatcurrencies,thenyoucanusethemulticryptodebitcardandwithdrawfromanATMoryoucanusethecardtomakeonlineorin-storepayment.
Ateamofhighlyexperiencedblockchainexpertshasdesignedthisplatform.Theyhavecometogethertoprovideaplatformthatwillmakelifeeasierformillionsofpeopleoutthere.Theblockchaintechnologyandthesmartcontractspreparedbytheprofessionallawyersgivetheplatformenoughsecurity,convenience,andtransparencythatisrequiredincaseoffinancialservices.Moreover,thefeeisalsoverylessmakingitanaffordableplatformfortheuserswhowantstomakeuseofthislendingplatformofmulti-currency.Ateamofhighlyexperiencedblockchainexpertshasdesignedthisplatform.Theyhavecometogethertoprovideaplatformthatwillmakelifeeasierformillionsofpeopleoutthere.Theblockchaintechnologyandthesmartcontractspreparedbytheprofessionallawyersgivetheplatformenoughsecurity,convenience,andtransparencythatisrequiredincaseoffinancialservices.Moreover,thefeeisalsoverylessmakingitanaffordableplatformfortheuserswhowantstomakeuseofthislendingplatformofmulti-currency. Etherecashisrevolutionizingthefinancialservicesforbetterbymakingitmoretransparent,secureandinexpensive.