"Cashaa token creation event is one of the few to be backed by a provably unique platform"
"Cashaa token creation event is one of the few to be backed by a provably unique platform"
The global financial crisis led to a growth slowdown and even saw a deep long-term setback. Combating the crisis only with blind financial calculations is very potentially dangerous. Returning profitability will require banks to work more effectively (to open up new sources of income) and more efficiently (to cut costs). It will not be possible to sustain the growth that has been achieved without a radical change in innovation policy. Innovation is changing the industry in some fundamental ways, and evidence from the past shows technological innovation is empowering banks to deliver that change. One person can make all the difference in an organization. A bank can tap into its full potential – closing the gap between strategy and implementation and improving results. The current generation of workers are retiring and leaving the workplace, and companies are starting to feel they are losing their workforce. In today's banking context, it is clear that this is the beginning of a new era. The banking industry is in a period of massive and rapid transformation – driven and enabled by technology. It is all about being open to new ideas and approaches, and using technology as a tool. “To lead in the new banking industry, banks are expected to be more innovative and closer to the wider financial services ecosystem. The current generation of workers are retiring and leaving the workplace, and companies are starting to feel they are losing their workforce. In today's banking context, it is clear that this is the beginning of a new era. The banking industry is in a period of massive and rapid transformation – driven and enabled by technology. It is all about being open to new ideas and approaches, and using technology as a tool. “To lead in the new banking industry, banks are expected to be more innovative and closer to the wider financial services ecosystem. The current generation of workers are retiring and leaving the workplace, and companies are starting to feel they are losing their workforce. In today's banking context, it is clear that this is the beginning of a new era. The banking industry is in a period of massive and rapid transformation – driven and enabled by technology. It is all about being open to new ideas and approaches, and using technology as a tool. “To lead in the new banking industry, banks are expected to be more innovative and closer to the wider financial services ecosystem. The banking industry is in a period of massive and rapid transformation – driven and enabled by technology. It is all about being open to new ideas and approaches, and using technology as a tool. “To lead in the new banking industry, banks are expected to be more innovative and closer to the wider financial services ecosystem. The banking industry is in a period of massive and rapid transformation – driven and enabled by technology. It is all about being open to new ideas and approaches, and using technology as a tool. “To lead in the new banking industry, banks are expected to be more innovative and closer to the wider financial services ecosystem.
The Cashaa team is building a next generation model for financial services based on blockchain technology and artificial intelligence that will empower devices with biometric identification systems to solve existing financial system problems for both uneducated and resident residents.
Cashaa is not just your typical banking app. Our wallet provides the full spectrum of customer centric digital financial services such as instant balance updates, send, receive, pay, borrow and insure with our beautiful interface and easy to use notifications.
BANKING PROBLEMS
Problem 1:
Having a traditional rail infrastructure, where money moves requires huge processing effort endless problems One of the main reasons for friction in the current system is the siled information between players in the industry. A small number of techniques are performed on compatible payment systems across payment networks and financial institutions. Examples include FedWire8, CHIPS9, SWIFT10, consumer card payment networks, NSCC/DTCC11, OCC12, ACH13 and many others depending on country
Problem 2:
The recent emergence of cryptocurrency tokens shows a silver lining to save us from legacy systems. However, it turns out that more and more users and businesses are trying to take advantage of the existing blockchain infrastructure. The main role of blockchains is to solve coordination and synchronization problems between multilateral agreements between participating networks, but it seems that some of these blockchains are now giving a hard time for “real users” and have become a bottleneck for mainstream adoption. Also the current efforts by others to provide blockchain based solutions lack the workflow needs of small and medium-sized businesses, and their applications do not address the problems of the average consumer and do not provide legally compliant solutions to their users.
Trust in banking is not only related to the security of customer deposits at the bank, but also to the security of systems and procedures, the use of technology and human resources in providing services to customers.
One aspect of risk that has not been much anticipated until now is the failure of banking transactions through information technology (technology fraud) which is categorized as operational risk in banking risk. In general, operational risk, according to the Basel Accord, is defined as losses due to failures due to human, process, and technological factors that cause uncertainty in bank income. Along with advances in information technology, the operational processes of most banks are currently carried out for 24 hours without knowing distance limits, especially for banks that have been able to carry out their operational activities through delivery channels.
A crime that is purely a crime is a crime committed because of a criminal motive. This type of crime usually uses the internet only as a means of crime. An example of this kind of crime is Carding, which is the theft of someone else's credit card number for use in trading transactions on the internet. Also the use of internet media (webserver, mailing list) to spread pirated material. The sender of anonymous e-mail containing promotions (spamming) can also be included in the example of crimes that use the internet as a means.
Blockchain is the first digital format that can contain value – a new medium for money. It is claimed to be a technological solution that is revolutionizing the way the internet, banking and applications work to become serverless.
Blockchain is believed to create efficiencies and cut costs. This technology can make data automatically replicated for related parties in a secure network. This technology can eliminate the need for verification from third parties. The financial process in commerce has been vulnerable to disruption and this is proof that companies around the world can benefit from this new technology.
Transactions like this aren't actually the first to involve a decentralized database. Since 2009, this technology has been used by the digital currency Bitcoin. But this is a milestone for the conventional banking industry which initially avoided technology. Because some banks consider technology to be difficult for law enforcement to track the flow of money being transacted.
Chasaa believes there must be an efficient alternative to the existing payment and banking systems. Our blockchain-based payment system aims to lower barriers to financial inclusion and provide both banked and unbanked financial services. Our vision is to build the payment and banking infrastructure for the future.
One of the advantages of this technology is that it can eliminate the involvement of HR in transactions. This becomes the most interesting in cross-border trading, which is usually done with duplication of payment processing and time zone differences.
The Cashaa token is implemented using the Ethereum EIP-20 (formerly ERC-20) standard. Tokens are accepted and traded within Cashaa's own service, but are also compatible on different ethereum wallets and exchanges. Cahsaa Blockchain technology is not limited to Bitcoin and Ethereum. Where applicable, Cashaa uses a different blockchain technology to decentralize its products. This will give Cashaa users the benefits of resilience, transparency, compatibility and scalability.
Blockchain technology systems provide new hope in safeguarding assets and transaction systems. This system is used by Cashaa to provide security to Cashaa service users to have a sense of security and trust in the transactions carried out. In addition, Cashaa uses a biometric system to make it easier for everyone who wants to participate in the casha financial system. This system will create an identity for the user by using the retina and thumb as a private key that is impossible to be faked or hacked by irresponsible people.
PRODUK - PRODUK CASHAA
1. WALLETS
2. Physical & Virtual cards
3. Micro Lending
4. Peer-to-peer exchange (Beta Tested)
5. Peer to Peer Insurance (Future)
CASHAA TOKEN & TOKEN GENERATION EVENT
CAS Token Benefits
Get premium services in the Cashaa ecosystem (Membership)
● Ability to exchange crypto anywhere in the world (Trade)
Lower transaction fees for the $600 Billion remittance industry (Remittance)
● Provide credit value to lenders (Micro Finance)
Ability to participate in governance mechanisms using CAS (Governance)
Secure P2P (Escrow) money transfers
The Token Generation (TGE) event will be held at an event where early adopters and enthusiasts contribute to the Smart Contract System for the development of the Cashaa project.
The Cashaa token creation event is one of the few to be backed by a provably unique platform with a team with over 200 years of banking and payments experience and successful entrepreneurs building their businesses from scratch that are now part of the Fortune 15 top companies. The Cashaa model has been established with beta testing conducted since February 2017. The beta test was completed with 12,770 registered users from 141 countries.
TGE starts on 6 November 201, 1 PM London time or 09:00 Singapore time (UTC+8) / 2 PM Munich time and 8 AM New York time and will end on 5 December.
ROADMAP
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If you want to take part in the Biggest Banking company in the world you can visit this LINK and all information related to this platform please read the whitepaper.
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2573674
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