ETHA - payment solution for the modern digital economy 💳

ETHA is a blockchain start-up, which is a complex infrastructure and ecosystem aimed at ensuring cross-border payments, decentralized lending, direct financing and the provision of many other financial services.

Within one multi-functional platform, users will be able to access an open financial system with many different services. Transactions between the participants of the platform are carried out both within the network and beyond its borders, which significantly expands the possibilities for holders of digital currencies. Nevertheless, developers do not forget that today approximately 2.5 billion people do not have the necessary resources or access to financial services, as well as face greater risks and higher maintenance costs. A large proportion of the ETHA functionality is designed specifically for users of traditional fiat currency, both cash and digital.

Problem

The ETHA project has existed and has been under development for quite a long time. The developers studied the current problems of the modern digital economy and its interaction with blockchain registries and cryptocurrencies. The project team identified key issues in the money transfer industry and making payments it seeks to solve.

To date, many new technologies and developments have been created, but the existing money transfer and payments industry is built on outdated infrastructure, characterized by high fees and slow transactions. This state of affairs no longer meets the ever-increasing demands of customers. The rapid growth of cryptocurrency and blockchain technologies has created a new direction in the digital technology market, the implementation of which requires significant changes in the financial system itself.

Today, money transfer operators cannot create a single multi-functional platform that would cover the whole range of customer needs, given many new features, such as interaction with cryptocurrencies. Among users, there is a growing need to find a convenient and efficient platform where they could work with both their national currency and digital assets: quickly convert, buy, exchange, transfer, store and receive them.

It is necessary to recognize that the success of the project does not always depend on the development team. The creators of ETHA understand that there is no single legislation in the world of cryptocurrencies: in some countries, circulation of cryptocurrencies is freely available, in other states they are prohibited at the legislative level, and operations with digital assets are a criminal offense.

Solution

The ETHA Ecosystem uses the latest technology to provide modern financial services to people around the world. The team seeks to connect to the use of the platform not only people working with cryptocurrencies, but also the audience that has not yet encountered the use of digital assets. This category includes not only private users, but also entrepreneurs who would like to join the modern digital economy.

What exactly provides the ETHA platform for its customers, we consider in detail below:

The project was created on the basis of the well-proven Ethereum blockchain platform, which is in third place among the leaders of market capitalization. Developers have chosen ethereum as the most popular platform for running decentralized applications.

Mobile application with a secure multi-signature wallet. With this wallet, customers will have complete control over their assets. The wallet will be able to send direct P2P transfers, cross-border payments, as well as convert various types of digital currencies on the fly.

Loans secured by cryptocurrency. Such loans are issued to the borrower on the security of his existing cryptocurrency. If the borrower can not repay the loan, the lender is left with collateral. This approach does not undermine the economic model and avoids a default. Loans are negotiated and controlled through smart contracts.

Today, borrowers have less knowledge about the loan application process, requirements for receiving and that several intermediaries pass borrowed money, which leads to an increased interest rate and unprofitable lending conditions. With the help of a decentralized blockchain registry, all processes within the platform will be transparent and understandable and will eliminate unnecessary intermediaries that worsen credit conditions.

Conclusion

ETHA creates a serious financial platform, and its developers intend to solve existing problems in the cryptocurrency sphere. A stable credit platform will be launched for users, where digital assets will be a means of securing a loan. Such an approach will benefit not only the clients of the project, but also the entire crypto community as a whole, because A growing number of people will be able to make sure that cryptocurrency is a good tool for use in everyday life.

To keep up with the latest news of the project, you can visit the official website or subscribe to social networks:

✅ Web: https://etharemit.org/
✅ Whitepaper: http://bit.ly/ethawpweb
✅ Twitter: https://twitter.com/etharemit
✅ Facebook: https://www.facebook.com/etharemit
✅ LinkedIn: https://www.linkedin.com/company/etharemit/
✅ Github: https://github.com/EthaRemit
✅ Reddit: https://www.reddit.com/r/ETHA
✅ Medium: https://medium.com/etharemit
✅ Telegram: https://t.me/etharemit
✅ Bounty campaign: https://bountyminer.io/bountycampaign?bount_id=32

The review is the personal opinion of the author, is based on information taken from public sources and is not a trade or investment recommendation.

🔶 My bountyminer username: icofuture
🔶 My ETH address: 0x7c0cf0923AEb37503086A00A4f5276819f77F86a