Etherecash can significantly improve transparency, security, and reliability using Smart Contract technology which is lawyer backed, to provide peer to peer loans backed by crypto.
[Note: This is a press release.]
Harjumaa, Estonia, November 11, 2017 – The banking and finance industry has progressed little in recent years, in terms of building consumer confidence. The entrenched CEOs that are in control do not want to change the archaic methodology that keeps them in their positions and creates untold profits for themselves and their financial institutions. It is they who decide who can borrow funds based on their own strict criteria. This excludes a large swath of consumers all around the globe. Their needs to be a fairer system of lending that could be made available to more of the worldwide population.
The Etherecash ICO offers a new day in the world of banking and finance. It was only a matter of time that a forward-looking team would create a new platform that would incorporate blockchain technology and cryptocurrency into the equation. Etherecash is seen as a major disruptor to this industry and has created a new paradigm in how people will: Lend, Send and Spend. Imagine a Debit Card that will be able to use both crypto and fiat currencies. Anyone will be able to borrow funds using their cryptocurrency as collateral. This way they will not lose out on their assets appreciation. In fact, they will be making money as they have use of the loan.
Recently, the COO of Etherecash, Mr. Miguel Aguirre, was an invited panelist at the Dubai World Blockchain Summit where he was able to moderate discussions and explain the revolutionary concept behind the Etherecash ICO. Topics of discussion included: Blockchain as a strategic value chain disruption, Blockchain transformation: Make it a profitable success, and Blockchain strategic weapon for profitable growth.
Some of the Etherecash features and benefits:
- Peer to Peer Lending Crypto Backed: Lend to borrowers internationally with Border Free Loans.
- Get Higher Returns Than Typical Bank Deposits. Borrow 70-80% of crypto value, without needing to liquidate any assets.
- Worldwide Money Transfer: Send money to anywhere in the world using Etherecash. Money transfer has never been easier, more secure and most of all private.
- Multi-Crypto Debit Card: Etherecash is the first of its kind, enabling users to put multiple currencies on a single debit card. Use it just like a normal debit card for making payments, shopping online or ATM withdrawals in local currencies. It can be used in any country while traveling to mitigate international charges and conversion fees.
A company spokesperson explains:
Etherecash aims to bridge the gap between those with access to finance and those without, eliminating borders, intermediaries, and prejudices. By bringing the 3 core functions of finance on the blockchain and using smart contract technology we can significantly improve transparency, reliability, and security in financial services. The fact that we secure an official opinion and backing by a blockchain savvy lawyer on the conditions of the contract for peer to peer lending, is revolutionary in itself.
The Etherecash Pre-ICO Sale began on October 25, 2017, and completed on November 7, 2017. The ICO launch will be on November 15, 2017, and finish on December 19, 2017. This is not a time to procrastinate, Etherecash Tokens are available November 15th with a 15% bonus.
This exciting ICO opportunity is discussed in detail in the Whitepaper, which is available here.
For more information, please visit: https://etherecash.io.
Media Contact:
Etherecash Technologies Oü
Attn: Media Relations
Laeva tn 2, tallinn, 10111,
Harjumaa, Estonia
+91 98216 91005
coo@etherecash.io
Images courtesy of Etherecash
