Like an ‘Uber for Traders’: How Cashaa Drives Remittance Costs to Zero
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....
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Bitcoin.com spoke with Kumar Gaurav, co-founder, and CEO for the Bitcoin remittance platform Cashaa (cashaa.com). It’s aP2P cash transfer app is targeting a global market worth of over $300 billion while leveraging zero fees and cryptocurrency solutions. Cashaa: 0% Fee Remittance App. Bitcoin.com (BC): Can you tell our readers a little about what Cashaa....
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....
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....
Remittance, the ability to send cross-border payments from one party to another, has emerged as a major use case for bitcoin, and a number of companies are already seeking to build global remittance platforms using the digital currency. One of the main reasons is that, according to the World Bank, remittances cost consumers an average of 8% worldwide. Yet, despite bitcoin's potential to lower costs in this financial sector, there hasn't been a blockbuster venture in this space yet. HelloBit is one bitcoin startup taking on a different strategy to achieve this goal. Instead of creating....
A recent security experiment conducted at the University of Illinois Urbana-Champaign goes to show how insecure freely distributed USB drives can be. Almost one in two drives were taken and plugged into a computer right away, regardless of possible consequences. Please Refrain From Using Unknown USB Drives. There is something very appealing about goodies, especially if they come in the form of an item everybody can use. USB Drives present an excellent example of how dangerous these goodies can be, though, as users will plug them into their computer without giving it a second thought. That....