ETHA introduces the world’s first blockchain-based remittance platform that will allow merchants and consumers to utilize their digital assets to send fiat money globally.
The remittance solution platform will be the first of its kind to facilitate crypto to fiat transfer. Consumers and Merchants will be able to send fiat money utilizing digital currencies by allowing the sender the flexibility to select different payout options for the recipient, such as Direct to Bank, Local (Cash) Pick-Up or Mobile Top Up.
The ETHA payment infrastructure works as a decentralized operating system, which integrates decentralized with centralized resources under one ecosystem.
At the current state, smart contracts are inaccessible for any traditional banking or payment systems, due to the nature of how smart contracts are secured on blockchains and the consensus is reached by miners. These limitations will most likely remain for the foreseeable future.
In order to solve this problem, we have partnered with ChainLink to utilize decentralize middleware to allow our smart contracts access to off-chain data feeds and APIs to validate and execute a bank transfer or any other action we wanted to streamline between smart contracts and key off-chain resources on our platform.
The value strategy of our Token features multiple mechanisms to stimulate its growth.
The ERA Token will be used to settle any fees on our platform, including but not limited to:
- Exchange Fees
- Transaction fees
- Collateral on the lending platform
- Discount on fees
- Listing fees for the exchange
- Future exclusive services