Cashaa: Free, P2P Global Cash Transfers for the Unbanked

Bitcoinist spoke with Kumar Gaurav, CEO of Cashaa, a blockchain-powered P2P marketplace that makes it possible to send and receive cash anywhere in the world with zero fees. Unfortunately, when it comes to remittances, the poorer the country, the higher the fees, says the CEO of Cashaa, a blockchain startup based in Canary Wharf, London. Too often, the poorest of citizens can lose up to 20% when receiving money from abroad with traditional services like Western Union. Bitcoinist finds out how Cashaa manages to solve this major problem using Bitcoin’s technological ‘backbone’, the....

New cash-to-cash remittance company, Cashaa, ends its three months testing period and claims to have a success as it plans to fully go live. According to co-Founder and CEO at Cashaa, Kumar Gaurav, the company started their trading platform BTC2BID to test and validate their model on April 3, after which a London office was established about two months later, while the development centre remains in Mumbai, India. Strictly peer to peer transactions. Gaurav tells Cointelegraph that Cashaa is a peer to peer cash remittance company, which involves a cryptocurrency traders network to receive....

Another disruptive technology powered by the Blockchain is set to completely eliminate the outrageously high cost of remittances to Africa. Coin Telegraph Spoke to Kumar Gaurav, Cashaa’s co-founder & CEO, about how the application can solve Africa’s exorbitant cash transfer transaction costs. On average it costs 10-12% to wire cash to Africa, where there is an estimated 80% of the population without access to banking. This is compounded by the lack of a transparent exchange rate. Needless to say many African households depend on remittances from the diaspora. In fact, in some countries....

Santa Monica-based bitcoin and dogecoin exchange expresscoin has officially launched after months of under-the-radar testing. The formal launch marks the final rebranding of Cash Into Coins as expresscoin, a move that co-founder and CEO Will Wheeler indicates signals a change in how the company will approach its services and the broader bitcoin market. Wheeler told CoinDesk that while Cash Into Coins was able to become a successful, niche complement to popular cash-to-bitcoin service BitInstant, expresscoin seeks to leverage additional payment options favored by the under- and unbanked....

Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government announced the sanctions in response to the imposition of the national security law on the Hong Kong territory. Cash Salary The US government, through the Office of Foreign Asset Control, can effectively enforce its policy objectives on non-US entities via the threat of punitive fines for defiant....