#SundayInterview. Challenging legacy banking

23

Our blockchain based platform enables its community to store, save, spend, receive, borrow and get insured, with a simplified user experience in a legally compliant way. Ultimately, Cashaa aims to become a one-stop-shop for financial needs – says Janina Lowisz, Co-Founder & VP Marketing at Cashaa, in Bithub.pl’s #SundayInterview.

Is token sale a reliable way of funding a startup company?

Janina Lowisz: Although an increasing effort is needed and there can be numerous surprises and obstacles on the way, it is still possible get a good amount via a token sale only, e.g. Cashaa received 33 million USD in a token sale in 2017, out of which 14 million was rejected due to strict AML and KYC policy setup by us. The amount accepted will be enough to launch or next generation banking wallet and card and expand it worldwide, as intended.

What do you offer to the holders of CAS tokens?

JL: Our CAS token is a key element of our system as it enables to use our services like trading, lending and others, and it also part of our governance mechanism.
The individual use cases are as follows:
1. Access to premium services like higher FX transfer limits, ATM withdrawals, unlimited money transfer and exchange.
2. Token holders can provide and receive loans.
3. Accumulating CAS tokens serves as alternative credit score for individuals and small businesses unable to obtain a credit score on the traditional way.
4. CAS tokens enable users to trade and automate their trading with smart contracts.
5. Governance mechanism: Token holders can vote on requests for updates, use of revenue etc.

You’re operating in the area of money transfers, so you’re one of the many. What are your advantages on this highly competitive market?

JL: Whereas we started as a money transfer company, we are now building a more comprehensive financial services platform – a better bank, challenging legacy banking by building an app and products with input from our community of users. Our blockchain based platform enables its community to store, save, spend, receive, borrow and get insured, with a simplified user experience in a legally compliant way. Ultimately, Cashaa aims to become a one-stop-shop for financial needs.
We bring you our wallet, with tokenized cards powered by CAS tokens. They will also allow users to access and pay through any smart device.

Together with Master Card Service Provider we have built the world’s first wallet that enables our user to store or transfer money to any card in the world. The sender and the receiver transact in their respective local currencies and needs no awareness of cryptocurrencies or blockchain technology.
Money in the Cashaa wallet will move faster and easier than cryptocurrencies, receiver will be able to get the money within 30 minutes in their local currency deposited to any MasterCard, as well as bank account or wallet in the world in our network.

Do you use any specific blockchain platform like Ethereum or have you built everything from scratch?

JL: Cashaa will use Auxesis Group`s Auxledger, one of the world`s largest private blockchain networks, which has already 53 Million users resulting from a State Government partnership.

Do yo offer fiat-to-altcoins/altcoins-to-fiat transfers or only fiat-BTC/BTC-fiat? Which altcoins can be bought/exchanged for fiats on your platform?

JL: Whereas we will include major cryptocurrencies depending on the jurisdiction, and are now building a multi-cryptocurrency and token exchange, our main products do not require a cryptocurrency, with CAS token being only used for above functionalities, but not for money transfer.

Interview by Przemyslaw Cwik
e-mail: p.cwik/at/bithub.pl

Komentarze