Cashaa started as a blockchain powered Forex platform in 2016 and now ventures to become the next generation banking solution.
During both the pre-sale and ICO, Cashaa managed to raise over $18,000,000.
CASConnect
The CASConnect is the first step for each participant. They have undergo basic KYC where they have to get their email ID and phone number verified. The layer will also interact with government entities and banks to use existing customer verification.
CASNet
The CASNet enables smart contract deployment for a decentralized economy. The layer would be using smart contract protocols from projects like Agrello and Qtum.
CASFabric
The CASFabric is the middle layer of the network. It will set the core components of the decentralized exchange and the messaging network. The layer has the required tools allowing administrators to add new cryptocurrencies, fiat markets and trader partner contracts.
CASChain
The CASChain allows the network to be interoperable and cryptocurrency neutral. The various coins and tokens will be integrated in CASConnect, therefore allowing Cashaa to become a trusted choice when it comes to interoperability.
CASFiat
CASFiat will be the layer that incorporates cash instruments within the network.
Token
CAS is Cashaa’s native EIP-20 token and is used for paying for services and fueling the internal mechanism of the ecosystem. CAS holders have numerous benefits, including higher forex transfers and double ATM allowance.
Issues
Cashaa doesn’t have any big issues. The only problem with the company is that there’s no working product at this stage and the bigger problem of being in the payment-processing sector, which means that Cashaa has some fierce competition. With many well-established competitors like OmiseGo that are much more ahead in terms of development, implementation and marketing, it really brings the question of whether Cashaa will manage to establish itself on the market.
Cashaa definitely seems to be a legit project. Their team checks out and they’ve won multiple awards and nominations as a crypto startup project. The main issue is still the competition in the sector, but with proper development and a working product, Cashaa will most definitely be able to establish itself on the blockchain payment-processing markets.
