Etherecash is one step closer to actualizing its vision of bridging the financial divide between the banked and the unbanked with the successful conclusion of its ICO ahead of schedule. The ICO is now scheduled to finish on 12th Dec 6:29 PM (GMT) after four impressive bonus rounds that outperformed expectations.
With over $30 million raised and 45000 registered participants, Etherecash can now set its sight on eliminating traditional borders, intermediaries and prejudices in the way money is lent, spent, and sent.
“We’re going forward with bringing the future of banking to the masses and think the world should know just how proud we are” the team behind the platform announced.
Etherecash aims to bridge the gap between those with access to finance and those without, eliminating borders, intermediaries and prejudices. Using lawyer-backed smart contracts, Etherecash aims to significantly improve transparency, security and reliability for peer-to-peer loans. The platform provides an international network for borrowers to leverage their crypto portfolio and borrow up to 80% of their holding without needing to liquidate any asset.
Etherecash is also looking to provide an easier, more secure, and private network for sending and receiving funds. This network will enable users to make payments on the go through a user friendly interface with instantaneous confirmation and minimal transaction fees.
The funds raised from the token generation event will be devoted to expanding Etherecash’s core development team, commencing alpha and beta testing of their platform, preparing for mobile apps for release and scheduling the alpha tests for their multi-crypto debit card.
The Etherecash debit card is the first of its kind, allowing users to load multiple currencies on a single debit card and utilizing it like a normal debit card for making payments, shopping online or ATM withdrawals in local currencies.
The Etherecash token powers all transactions and settlement on the network. All fees are payable in Etherecash token from issuing of loans to repayment and money transfers. The token can also be loaded on the multi-crypto debit card and spent in online or offline stores.
The Etherecash team is led by CEO Jacky Thanh Ly, COO Miguel Aguirre, ITE Silvan Gebhardt along with their faithful mentors sharing the same vision for the future. These advisers come from the positions and fields of Strategic Investment, Financial Advisors, Cryptocurrency Attorneys, and Fintech.
The platform will keep all participants up to date on its progress, accomplishments, and long-term strategic goals that have been designed to revolutionize the way we lend, spend, and send.
Etherecash is a three prong financial platform enabling peer to peer lending, global money transfer and a crypto debit card, which allows it’s users to maximise the potential of their assets and leverage cryptocurrency to secure fiat loans. The platform uses lawyer-backed smart contracts and blockchain technology to offer full transparency and security for its users. The Etherecash platform is a complete ecosystem to bring speed, security and reliability in the way we lend, send and spend.
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