Etherecash

The Future of Lending is Right Now - Etherecash

We at Etherecash have reached our first objective early, and the reaction from the community has been very positive and overwhelming. So, we would all like to take this chance to say a very big and ...

Sincere Thank You to All of Our Supporters and Contributors!

The future of sending, lending and spending is upon us, and we are one very big step towards creating the kind of financial ecosystem that is a much-needed reality for billions around the globe.

Since launching the ICO, we have had ...

Over 45,000 Registrations

… and more are coming in fast! Showing that the time is ripe for this idea to take hold and become commonplace. It is the perfect opportunity to take action towards a better financial tomorrow, today. However, now ...

Over $30 million has been contributed already

… and this means our target for the ICO has been reached and we will be closing it early.

We have set the deadline.

ICO Finishes 12th December at 6:29 PM (GMT)

The Early Bird Bonus Tokens will be issued to all those who took advantage of it and contributions will be allocated in a structured milestone based plan consistent with our development roadmap.

We all look forward to keeping you plugged into our development adventure which is only just beginning. For those that have just noticed us, ...

Be a part of the financial revolution and join today. Etherecash.io

Blockchain Could Bring Our Binge-Watching to the Next Level

Faster and competitively priced broadband services have fuelled the growth of online video streaming services, creating the “Over-The-Top” (OTT) market.

The top three paid OTT providers are Netflix, Amazon, and Hulu. The peak time viewers tune in is prime time hours. Traditional TV viewing is dropping as consumers adapt to new ways of viewing television.

Globally, the OTT market worth is now estimated to be $35.22 Billion.

Blockchain Marks the Advancement of Peer-to-Peer (P2P) File Sharing

Peer-to-peer file sharing doomed the music industry in the early noughties with the development of the free MP3 file sharing app, Napster. In fact, the app was so devastating it was dubbed the killer app of its day. That was the start of the era the internet is in now. People can search and access free MP3 files, music albums, films, entire TV series, box sets and eBooks. Practically everything online is accessible for free.

P2P sharing is costing the entertainment sector millions. It’s affecting the livelihoods of creative entrepreneurs and forcing some to give up their dreams, hopes and aspirations because they’ve been robbed of the ability to profit from their work.

So you’d think P2P would be a bad thing!

Not so. Blockchain makes things truly peer-to-peer. The file-sharing systems used just now are centralized, which means someone somewhere administers the network.

Blockchain is decentralized. There is no single administrator. It’s a secure track-and-trade technology enabling the trading of anything - not just digital assets, but physical entities too.

Instead of the entertainment industries fearing the blockchain, they’re desperate for it.

Blockchain Video Sharing Platforms Are in Development

While the top 3 OTT platforms battle it out for viewer attention for revenue retention, tech teams are busy developing the blockchain technology that all OTT platforms have failed to recognize.

The Huge Potential of Independent Films.

Thousands of indie films are released every day by production companies globally and across multiple genres. Imagine an entire Film Catalogue from every major film market the world over. America, Europe, Hong Kong, Cannes, all connected to producers, distributors, directors and actors simultaneously on a blockchain video streaming platform.

Smart-contract functionality would enable pay-per-view transactions with percentages split automatically to all parties at the time of payment - and without the need for a central administrator.

That is what’s in early stage development by Stream Token, Viewly, and Livepeer.

Projects are underway to develop blockchain video streaming platforms that will connect thousands of entrepreneurial creatives and a library of thousands of indie films with the genres of the top 3 OTT platforms combined into one central hub.

Binge-watching will change as global audiences gain access to smaller productions that are gate-locked out of the mainstream.

The only thing that will stand in the way of indie film producers getting airtime will be the funding required post-production. That’s estimated to exceed $100,000.

That's where Etherecash could lend a hand.

It’s Etherecash’s ambition to provide the world's first peer-to-peer lending platform leveraging the decentralization of blockchain, fully integrated with lawyer backed smart contracts, near real-time revenue share and reporting functionalities.

This will assist in streamlining funding for film producers to create their film productions, which is typically hard to find.

Purchase our Etherecash token through our ICO from November 15th 2017. Developed on the ERC20 blockchain technology with lawyer backed contracts, to make blockchain backed lending and fund management, private and seamless.

Buy our tokens now. Visit Etherecash.io.

How the Blockchain Is Revolutionizing ESports

A Newzoo research study indicates that revenue from eSports will grow to $700m in 2017. That’s a 41.3% increase from last year. By 2020, it is projected that the industry will reach $1.5 billion in revenue. It is little wonder major companies and celebrities are taking a keen interest in eSports.

Esports Presents an Untapped Market

Although we are only now having a conversation regarding blockchain technology and eSports, the idea is not new to gamers. Gamers and indeed the eSports community at large tend to quickly embrace new technologies. Even as the debate rages on if and how blockchain technology should influence eSports, gamers and eSports enthusiasts are already using cryptocurrencies.

Demographics largely comes to play with this easy transition. Millennials are more likely to be gamers or eSports enthusiasts, and this age group is already synonymous with the quick and early adoption of new technologies. It makes sense that the eSports industry would be at the forefront of the blockchain and digital currency conversation.

The growth of the eSports sector can also be attributed to the benefits that can be derived from blockchain’s ability to leverage smart contracts to make the purchase of virtual assets easier. This is why many eSports start-ups are turning to blockchain technology now more than ever.

Betting on eSports Is Cool

With over 500 million people gathering to watch eSports tournaments regularly, there’s clearly a giant market ripe for evolution. Currently, most of the revenue from eSports is generated from advertising and sponsorship — even when eSports betting could easily surpass NFL betting (which currently stands at $13 million a year).

There are a few problems that eSports betting has to overcome in order to successfully encourage enthusiasts to participate more. The current eSports betting platforms suffer from a complete lack of transparency and user-friendliness. These are issues that blockchain technology innovations could easily fix.

A blockchain-based platform could provide a decentralized and incorruptible way for eSports enthusiasts to place bets by using smart contracts. The current betting platforms don’t offer any kind of transparency on how betting is handled or how much the platform takes in commissions. Bettors are never sure what their returns on their bets will be.

With more digital currencies adopting the smart contract-technology, eSports betting is bound to go mainstream. Take Etherecash for instance. A bettor using Etherecash tokens to place bets can expect transparency since the system will detail all transactions in a transparent manner. They can also expect to place bets without involving a third-party financial service thanks to Etherecash’s smart contracts.

The transparency provided by blockchain technology means that the industry can grow into its potential. ESports enthusiasts can safely place bets and amateur gamers can have the opportunity to become pros with extra revenue easily. The profitable tournament environment means that gamers can sharpen their skills since blockchain technology will remove barriers to entry and allow for teams to come together more easily.

Blockchain technology further opens up opportunities in eSports by fostering contractual financial relations between players and enthusiasts without the need for third-party institutions. This is made possible by smart contracts much like the one Etherecash employs.

Buy our tokens now. Visit Etherecash.io.

Will the Blockchain Be Our Next Internet, Email, or Smartphone?

Technology and the internet are moving at a fast pace. Knowing the latest and greatest in developing technology is essential in understanding the world we live in, especially when it comes to technology that could be the next internet, email or even smartphone.

So what exactly is coming, and why is it important to know about this disruptive technology?

The Emergence of Blockchain

The blockchain first existed as a public ledger to allow for the existence of cryptocurrency — namely, Bitcoin. Bitcoin is still available today, and its price and popularity have only increased, with top influencers endorsing it and even investing in it. Bitcoin has also led the way for thousands of other cryptocurrencies following its lead.

Security and the Government

A blockchain-based system itself is very secure and transparent. It’s also decentralized, so it can’t be controlled (or tampered with) by any single entity.

Blockchain technology allows for users to be secure while still allowing for transparency thanks to its two-key system. Each user has a private key only known to them, kept private usually using a third party digital “wallet” service. Users also have a public key that serves as their unique, visible address. This key is used to conduct transactions, which are permanently recorded in the blockchain ledger.

What this means is complete freedom from government taxes, banking fees, or any type of third party intrusion into your financial affairs.

Present and Future Innovations

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” -Don & Alex Tapscott, authors Blockchain Revolution (2016)

Although the Blockchain technology was originally made for cryptocurrencies, it has vast potential outside of the financial industry.

Take one example: the music industry. Artists are looking to the blockchain to provide them with a secure way to distribute not just funds but also the music itself! The blockchain ledger could hold the key to stopping copyright infringement by recording every single album purchase, and tracking an artist’s work as it travels and is sold to different consumers.

Blockchain technology is already transforming many more fields — food production and transportation, the stock market exchange, artificial intelligence, even politics and government.

Authors of Blockchain topics like Melanie Swan foresee Blockchain as “the next huge wave in technology.” Indeed, this is a technology foreseen by the experts to dominate the world, on a scale similar to the internet’s introduction.

Final Thoughts

Looking back, who could’ve imagined that these innovations that were nonexistent before — outsourcing, working at home, emails, developments in cryptography, mobile phones, touch screen gadgets, and Android, to name a few — would actually happen today? Etherecash.io provides all the kinds of services which allows you to have a new way of controlling your finances.

Blockchain, for now, seems like a complex system, but you don’t need to know exactly how it works to understand the implications it will have on our world today. Its decentralized nature will lead us to view entire industries in a radically different light — and revolutionize the free market as we know it.

With the help and support of Etherecash, you can invest with full confidence, as the team is ever ready to guide you. Etherecash makes use of the ERC20 blockchain technology with lawyer backed contracts, making blockchain backed lending and fund management, private and seamless.

Buy our tokens now. Visit Etherecash.io.

Wells Fargo’s Lawsuits Only the Tip of the Iceberg

It began last year as 2 million fake Wells Fargo credit card accounts were uncovered - now estimated to be 3.5 million or more. Following news of the scandal came the firing of 5,300 employees, one of whom Wells Fargo has been ordered by the Department of Labor to rehire and pay remuneration of $575,000.

That’s only the opener into what’s facing Wells Fargo.

The Hammering Continues

What began as the forging of sales data has since spiraled out of control, damaged investor trust, consumer confidence, and the bank's bottom line.

Since the credit card scandal, the bank’s mortgage division has had a class action lawsuit filed for altering the terms of consumer mortgages belonging to those in bankruptcy. The auto insurance arm has also issued a notice stating they’ll be paying $80 million in remuneration to customers wrongly charged for auto Collateral Protection Insurance (CPI).

Just Another Day in the Financial Services Sector

The Wells Fargo fiasco is not isolated. Financial misconduct in banking is an industry-wide problem.

In 2015, the Consumer Protection Bureau fined PayPal $25 million for deceptive practices resulting in consumers signing up for PayPal Credit without realizing it.
In 2016, Santander Bank was fined $10 million for charging customers overdraft fees without the customer's' consent.
Citibank was fined $70M for deceptive marketing practices and had to refund $700 million to the 9 million customers they duped with hidden fees.

Over the past seven years, the world's top 20 banks have paid a cumulative $235 billion in regulatory fines and consumer remuneration.

History Will Forever Repeat until Blockchain Steps In

Earlier this year, executives of Wells Fargo confirmed they are making radical changes internally. One of those was to invest in technology.

What type isn't clarified. However, separate documentation shows that the bank is working in partnership with Australian Bank ANZ, which has published a Proof of Concept (PoC) paper for the use of distributed ledger technology in correspondent banking.

Why?

Blockchain Is the Only True Trustless Solution Currently Available

When money’s involved, historical cases in the finance sector prove that people cannot be trusted. The blockchain is trustless in that it’s tamperproof.

Overhauling the industry is a long way away. It’s far easier to make progress by introducing a new platform and forcing the industry to evolve or die - which is exactly what Etherecash is working on doing.

Using blockchain technology and the Ethereum platform, Etherecash is developing a blockchain application geared towards the peer-to-peer lending sector. This will bring transparent reporting with accurate records on a tamperproof ledger, increasing the speed of transactions and enabling the use of lawyer-backed smart contracts.

One transparent platform, focused on personal financial freedom, can bring accountability to the financial industry as a whole. We’re one step closer to ridding the industry of the malpractices that are tarnishing Wells Fargo and affecting the investments of many a shareholder in finance firms.

This is the beginning of a new era in technology. Moves are being made by big banks and technology firms to develop tools that will put an end to corporate financial fraud.

Etherecash is playing an active role on that front. We invite you to be part of this transformation. Early investor opportunities are available.

Buy our tokens now. Visit Etherecash.io.

Wall Street Meets Blockchain: Clash of the Giants

Once only an eight-block street in Manhattan, Wall Street has since grown to be synonymous with the US financial markets and services as a whole. This is a gigantic establishment, unquestionably claiming its place as the home of the business and especially financial elite.

However, there are still underlying — and very serious — problems that plague Wall Street that could be solved with blockchain.

Is Wall Street Outdated?

In the digital age, it’s strange to think that Wall Street still uses some of the same policies that were created at its beginning. In particular, the policies that the Depository Trust & Clearing Corporation (DTCC — the actual owner of records for most stocks traded in the US) is guilty of, being relics from a time before the internet and the technology available today.

One outdated policy that’s particularly troubling regards the ‘chill’ period that is instilled when a public company chooses to go private. Trades can still happen, but they are ignored and undocumented by the DTCC.

It’s outdated rules such as these that make it possible for companies to oversell stocks that they don’t even have. Dole, for example, found out that they had 12 million shares unaccounted for — something only brought to light during a class action lawsuit. Dole wasn’t even aware that these shares existed.

With a blockchain-based platform, it would be impossible for a situation like this. Every share would be accounted for, even when they are sold and traded. The Blockchain could reveal any shady practices a company may be trying to hide using privacy as the excuse.

The Opportunity to Revolutionize Wall Street

With the way Wall Street operates today, there’s plenty of room for improvement. The question is: what will revolutionize the way stocks are handled? One thing that’s guaranteed to do just that is blockchain technology.

The Blockchain’s digital ledger system would legitimize all trades on Wall Street. The very core of blockchain technology requires public records, controlled by a network rather than any single person. Every time a stock is sold, ownership is instantly transferred to the new owner and the information of every person, or business, that has controlled a given stock is kept within the blockchain. The information cannot be altered or falsified.

Another aspect of the blockchain is that it removes the necessity of an intermediary, such as the DTCC, to validate or move goods from person to person. That will save time and money since there will be no extra fees with a middleman. The blockchain can keep track of all that information and complete the transaction immediately with the help of a Smart Contract once all of the obligations of that contract have been met.

The Integration of Blockchain

Even with Wall Street known around the world as a corporate giant, there’s no denying that there’s room to grow. Or, that blockchain will change everything about how the world works. Especially financially.

Companies like Etherecash are working hard to implement their own blockchain-based platform, backed by cryptography which significantly improves transparency, security, and reliability using Smart Contracts. They aim to “help bridge the gap between those with access to finance and those without, eliminating borders, intermediaries, and prejudices.”

Buy our tokens now. Visit Etherecash.io.

How Blockchain Could Fix Frightening Stock Market Instability

Amid the current tough economic times, stock market instability is a serious concern. An uncertain tomorrow makes investments in stocks a risky option. Regulators seem incapable of detecting anomalies before they blow up into a nightmare for investors.

Despite advancements in technology, the stock market runs on the same model it did centuries ago. But unknown to many, a better way to manage stock market instability and promote transparency does exist.

Blockchain to the Rescue

The blockchain is set to revolutionize how stock exchange transactions operate. By eliminating intermediaries, championing transparency, and safeguarding the privacy of its users, it’s easy to understand why many consider blockchain the next step in our internet revolution.

The blockchain’s utilization of data mining tools, smart contracts and other analytical tools help recognize underlying anomalies such as creditworthiness. Add that to the ability of blockchain technology to eliminate intermediaries and enable the direct transfer of shares between investors and you have a system that is nearly flawless. This makes a traditionally long process shorter, more efficient, cheap, and secure.

Blockchain technology’s biggest selling point, however, remains the ability to be transparent and secure, reducing the chances of market hysteria due to information availability.

That same information availability also allows third parties to more easily identify and quantify risks. A problem identified is a problem half solved!

Blockchain technology’s tentacles of reach are extending beyond cryptocurrency to the stock exchange and currently to the banking industry.

Blockchain-based platforms such as Etherecash are set to change the banking concept by eliminating intermediaries, borders, and prejudices. Through its use of Smart Contract technology, which is lawyer backed, Etherecash aims to improve transparency, security, and reliability by providing peer to peer loans backed by crypto. Imagine a world without banks and financial transactions without annoying banking fees. Now that is revolutionary!

The Future of the Stock Exchange

Globally, a trend towards blockchain use in financial transactions is taking root. The Australian Securities Exchange (ASX) has already acquired Digital Asset Holding, a US-based developer of blockchain technology, joining other regulators and businesses keen to buy into the technology which propelled the cryptocurrency bitcoin to unprecedented success.

The blockchain revolution is already going global. The Korea Exchange, in collaboration with Blocko’s blockchain technology, intends to use blockchain to allow the trading of equity shares of startup companies on the open market. The Japan Exchange Group, on the other hand, are testing the potential of blockchain technology for trading in low transactions markets.

The rapid spread of blockchain technology points to a future completely dependent on it for all financial transactions. Of immediate concern, however, is the adoption of blockchain in the stock exchange market. It could prove to be our only hope for a more stable, transparent, and efficient stock market.

An investment in a blockchain technology company such as Etherecash holds the most potential for wealth generation going forward. It is an investment in the future whose returns may surprise you sooner rather than you think.

Purchase our Etherecash token through our ICO from November 15th, 2017. Developed on the ERC20 blockchain technology with lawyer backed contracts, to make blockchain backed lending and fund management, private and seamless.

Buy our tokens now. Visit Etherecash.io.

Is Amazon Planning to Get Involved with Cryptocurrency?

According to CNBC, Amazon recently bought the domain names AmazonEthereum.com, AmazonCryptocurrency.com and AmazonCryptocurrencies.com. This decision is generating a lot of interest, especially since Amazon has said in the past that they will not be accepting cryptocurrency payments anytime soon.

So, why would Amazon seemingly put a stamp of approval on cryptocurrencies in such a huge way?

What Amazon Could Use the Domain Names For

This is not the first time the company has been at the center of rumors related to cryptocurrency. There has been speculation in the past that Amazon would accept cryptocurrency payments, but those have remained rumors with Amazon stating that they were untrue on more than one occasion.

But this recent step by the company further escalates the speculation. Could Amazon be shaping up to provide brokerage services for cryptocurrencies? It is also a possibility that Amazon might try to create its own digital currency system.

Bitcoin’s success has seen a rise in many companies considering creating their own digital tokens. Why shouldn’t Amazon consider the option? Either way, Amazon is staying quiet, and promising nothing when it comes to cryptocurrencies.

Amazon Interests Could Be a Stamp of Approval

Over the years, Bitcoin and Ethereum have grown in value, attracting interest from investors all over the world. But many brick and mortar businesses, as well as online retailers, have yet to embrace blockchain. If Amazon’s interest in cryptocurrency leads to them embracing cryptocurrency payments, it is likely other retailers will follow suit.

Blockchain technology has evolved in recent times to make the industry more reliable and transparent. The use of Smart Contract technology, employed by platforms such as the Ethereum-based Etherecash, has made payments and financial management through cryptocurrency more reliable and secure. Large companies like Amazon, particularly those with a large online presence, would do well to embrace cryptocurrency payments as a secure and reliable alternative to traditional forms of payment.

Etherecash understands this more than most, which is why they’ve invested in a system that allows the average user to maintain their privacy and security. And, at the same time, ensure the process is as transparent as can be.

Amazon Could Be Simply Protecting Its Brand Name

While Amazon has denied plans to accept cryptocurrency payments on its platform, their latest action does spell that blockchain is becoming more mainstream. There is even a petition for Amazon to allow Litecoin payments on its platform, which Amazon has yet to respond to.

There’s also a strong possibility that by purchasing the three domain names, Amazon is simply trying to protect its brand name. The company has in the past purchased Amazonbitcoin.com which redirects directly to Amazon.com.

But even as we speculate, the fact that Amazon deems digital currencies important enough to take action indicates an investment opportunity. Amazon is essentially saying that there is space for investors to place their assets into cryptocurrencies. For other developing platforms, such as Etherecash, the move is a sign of the growing importance of cryptocurrencies for industries globally.

There is still no indication that Amazon will allow digital currency support or that they intend to launch their own form of digital currency. But the speculation is enough to indicate the company is taking cryptocurrencies very seriously. Are you?

The future of cryptocurrency is transparency, reliability and security. Purchase Etherecash ICO from November 15th, 2017 to secure your position.

Buy our tokens now. Visit Etherecash.io.

The Reason IT Experts are Putting Their Money Towards the Blockchain

The modern-day IT sector is vast, covering many areas where investors can make significant returns. AI, machine learning, and all types of disruptive technologies present some enticing opportunities for would-be investors - but none more so than the Blockchain.

Investors globally are betting big on the blockchain. The statistics indicate that these investments will only grow stronger as more developments emerge.

The Largest Global Companies Are Already Involved

Google Ventures, the venture capital arm of Google’s parent company Alphabet, is one of the key investors in emerging technologies. They have a strong team of renowned experts and know the potential for start-up growth and market disruption.

Another strong investor in emerging technologies is the giant Goldman Sachs.

Google Ventures and Goldman Sachs are the two most active investors in blockchain technology start-ups.

Investors and IT Experts Are Investing Differently

According to Goldman Sachs, only two Blockchain investments made this past year were over $100 million. Of those top ten investments, one of them was raised with zero venture capital. Instead, the investment came from an increasingly popular crowdsourced funding technique called an Initial Coin Offering (ICO). This funding method is also being used by Etherecash to fund the development of a peer-to-peer lending blockchain application using Smart Contracts.

Whether venture capitalists will move into the ICO space remains to be seen, but as already stated by Goldman Sachs, that’s where investments are producing tidy returns.

The greater the impact blockchain can have on any industry, the bigger the returns will be.

IT experts know that the investment pay-off is the business value-add, rather than the dollar amount. In a report produced by Gartner Inc, that value-add is expected to grow to slightly above $176 billion by 2025. But, by 2030, the business value-add will exceed $3.1 trillion!

Investment in Blockchain Will Only Get Stronger

Blockchain-use cases are being proactively explored by some of the most prominent organizations in the world, including BP, Shell, Statoil and eight multinational banking groups in Europe which formed a consortium to investigate use cases for blockchain.

In a report published on HuffingtonPost.com, Brett Colbert - Solutions CTO and Vice President of Enterprise Architecture at Salesforce - who has been researching and collaborating with experts in the blockchain space for the past three years, highlights where blockchain is heading:

“Soon to be disrupted industries will include,

Financial Services,

Healthcare,

Aviation,

Global Logistics and Shipping,

Transportation,

Music,

Manufacturing,

Security,

Media,

Identity,

Automotive,

Land Use and Government.”

And That’s Why IT Experts Globally are Taking the Blockchain Seriously!

It’s only a matter of time before blockchain technology breaks out of its research stages and becomes mainstream (in fact - it’s already begun).

Currently, the team at Etherecash see tremendous investment potential, making inroads towards a blockchain prototype built on the Ethereum platform for peer to peer lending.

Using Smart Contract technology, Etherecash is progressing towards developing a platform that will simplify loan applications and approvals, reduce the risk element, speed up the process from application to approval and have lawyer backed Smart Contracts streamlined into an automated process.

Buy our tokens now. Visit Etherecash.io.

Blockchain-Based Trading Platform Backed by Energy Giants

Danish shipping firm Moller-Maersk in partnership with Microsoft was successful in their early blockchain trial for marine insurance. Major banks are in trial stages in Europe to use blockchain to increase security and the speed of cross-border Trade Finance.

Following a successful live oil trade between parties with Mercuria using blockchain technology, it’s shown that it is indeed possible to improve speed, reduce business risk and lower the costs of trading by using blockchain.

Why the fuss?

Traditional Paperwork Based Systems Are Incompatible with the Speed of Business

Business owners should not be interested in just making money, but also getting things done, because that’s how the profits come in.

Paper-based systems are time-consuming. Companies have to deal with more steps and more physical problems, such as paperwork needing to be passed from one department to the next.

Using the blockchain for transactions, and requiring independent verification, brings a potential for further cost savings.

Take for example the real estate sector. The transfer of ownership of a property requires an intermediary to first check there’s no fraudulent activity happening, and then the rest is just to change the name on the properties Title Deeds and update the Land Registry of the new owner’s details.

In essence, the intermediary fee is the cost of trust. Blockchain technology can eliminate that because it is tamperproof.

Why Giants are Spending Big on Future Technologies

Investors are business-savvy. They know the faster things move, the more business can be done. Therefore, profits can soar.

To put a monetary figure on the possible cost savings, a joint report titled Banking on Blockchain conducted by Accenture Consulting and McLagan analysed the world’s top investment banks.

The figure they come up with: $8 Billion annually.

A Massive Collaborative Effort by the Giants of Three Industries is On Board

The most recent move in the blockchain space saw a consortium of three sectors join forces.

Energy giants BP, Shell, and Statoil, the two trading houses Koch Supply & Trading and Mercuria (the latter having already successfully trialed a live oil trade using blockchain) all joined together. Three major banks are also part of this latest blockchain venture - ABN Amro, ING, and Societe Generale.

One Successful Experiment Proves the Need for Further Development

It’s clear from the early success of Mercuria that blockchain technology is going to be implemented in massive industries, one day. That day is getting closer. A lot of R&D is being spent by major brands to explore the possibilities of blockchain to increase business efficiencies.

The most advanced solution currently available relies on smart contracts, something these energy superstars are keen to integrate into their blockchain prototype.

The same smart contract functionality the energy firms are trialing is what Etherecash is using to build a blockchain application for peer to peer lending, using smart contracts on the Ethereum platform to back loans by qualified lawyers.

Buy our tokens now. Visit Etherecash.io.

Companies Involved in Cryptocurrency See Skyrocketing Share Prices

Three companies in three countries have seen a roaring spike in their share prices this year. One as high as a 4089% share price increase. They all share one commonality, and that’s what they're focused on. Blockchain.

This is the same technology that's being used to "deploy smart contracts, fuel betting, host tournaments, and ease the purchase of virtual assets," in eSports and is predicted to grow the competitive gaming industry by 41.3% this year to a staggering worth of $700 Million.

Dig a little deeper, and there’s more to the share price increases than meets the eye.

A Whopping 394% Increase Driven by Sheer Blockchain Hype

Just the word Blockchain is enough to drive excitement among investors. On-Line Plc is an Essex-based company first listed in 1996. Two decades later, they rebranded to On-line Blockchain Plc.

The result?

In the two decades they’d been trading, just announcing the new name saw the firm’s biggest ever one-day gain of 394%.

Australia’s Digital X Invests Investment to Fuel Share Growth

Back in 2014, the Bitcoin Group emerged. Similar to the rebrand of On-line Plc to Blockchain Plc, the Bitcoin Group rebranded to become Blockchain Global Limited in 2016.

The company invested 4.35 Million USD into Digital X, the first blockchain company to be listed in Australia, giving Blockchain Global Limited a 40% stake in the company.

What did they do with the investment? Why they invested $2 Million of that into cryptocurrency, sat back and watched their share price go nuts.

Canada’s HIVE Blockchain Technologies Ltd Soars by 4089%

HIVE Blockchain Technologies is the biggest of all shakers. They managed to gain a record 4089% share price increase when they announced their strategic partnership with Genesis Mining Ltd.

Unlike any other cryptocurrency that’s ripe for mining, HIVE Blockchain Technologies focuses on mining Ethereum, and that’s where things get interesting for investors….

Ethereum has 92 million + coins in circulation, which is the largest of any cryptocurrency, making it an ideal mining ground for HIVE to focus on expanding their mining power. The strategic partnership with Genesis Mining Ltd will enable them to invest in new data centers proposed to be located in Sweden and Iceland.

Cryptocurrencies are Much More than Blockchain

As far as other cryptocurrencies go, many are just that. A currency. Where some blockchain platforms lag is in technological advancements. Ethereum is among the first platforms to let developers implement Smart Contracts using blockchain technology, and that's what's fuelling the higher share prices with service-based products built on Ethereum with Smart Contract functionality.

Ethereum was among the first public blockchain companies to introduce Smart Contracts with a heavy emphasis on decentralized applications (DAOs) and smart contract inclusion.

It’s this functionality that the team here at Etherecash is on a mission to fully utilize by developing the world’s first peer to peer loans service, backed by crypto and using the Smart Contract technology. A first of its kind, fast and secure loan service fully backed by lawyers.

Purchase our Etherecash token through our ICO from October 25th 2017. Developed on the ERC20 blockchain technology with lawyer backed contracts, to make blockchain backed lending and fund management, private and seamless.

Buy our tokens now. Visit Etherecash.io.

The Tech That’s Changing Banking Today

In the past year, numerous businesses have been dramatically disrupted, with events such as India’s demonetization exercise and Brexit, bringing home that we are indeed living in a society that is fast-changing.

As new technologies continue to appear, banks can provide better quality services that lean more on hospitality. Established automation is providing a deeper, unique, and more personal banking experience that everyone can ultimately take advantage of.

Changes such as growing interest rates, confident business owners, and tax cuts contribute to the necessary profit increase for banks. These balance growing technology expenses while allowing banks to hasten the digitization of various processes and platforms.

The Major Trends Controlling Technology Investments and Banking

Here are some of the major trends to watch for in the coming years.

Year of the Chatbot

According to the Washington Post, 2017 will be known as the year of the bot. In the coming years, banks will embrace conversational commerce (the future of communicating between applications).

Acceleration of Technology Transformation in Banks

Midsized to large banks have been making huge investments to revolutionize their business by employing excellent digital service providers. This does not only impact legacy systems, but also the resolutions about which firms they should partner with, invest in, and purchase from.

The Cloud First Strategy Banking

Cloud adoption has already been accepted by progressive banks. Disruptive automation that continues to alter the face of businesses will be leveraged by utilizing the process of cloud computing. A large number of banks have already grasped the idea that the agility of a business offered by cloud counterbalances the concerns.

Cashless Environment

In India, demonetization continues to push forward to a cashless environment. As more banks further develop and prepare to deal with a large number of electronic transactions, the cloud will supply banks with the necessary elasticity to meet all the required demands.

More Blockchain

As banks continue to be more adept and quick to meet the continuously increasing demands of clients, blockchain will act as an enabler for re-imagining development. In the coming years, banks will start transferring more businesses from pilot to production and leverage blockchain to automatize inter-organizational methods.

Artificial Intelligence

This will further develop into a crucial capability that aids in driving more effective outcomes for clients, boost the adeptness of banks, while also solving talent shortfalls when it comes to the skills of banker advisory. Artificial intelligence has already been working with us via robo-advising for investment portfolios, Siri for phones, as well as chatbots for back office; we cannot deny that these will further spread across the front lines of banking in the coming months.

Final Thoughts

Expect the incoming year to have more disruption, changes, and further developments. With the increasing necessity for digital transformation, banks will certainly find ways to boost their existing plans and will more likely arrange organizational changes that will be compelled by brand new leadership.

With the continuous progress of technology, it is a smart idea to take advantage of such trends to make business and communication easier and more efficient. One of the best ways to do so is by purchasing our Etherecash token through our ICO from November 15th, 2017. This has been developed on the ERC20 blockchain technology and features lawyer backed contracts, making blockchain fund management and backed lending smart, private, and seamless.

Buy our tokens now. Visit Etherecash.io.

Why the Solution to Mistrust in Banking Isn't Banks

Mistrust in banks has always been around since the beginning of financial institutions. But it didn’t come to the forefront of most consumers’ minds until the financial crisis of 2008. For the first time in the history of banking, consumers understood the risks banks were taking with their money, and many chose to take a step back.

Although the consumer-bank relationship has been somewhat restored since the crisis, mistrust remains. In fact, an EY Global Consumer Banking Survey in 2016 found that trust in banks is dwindling. The survey collected data from 55,000 respondents in 32 different countries with the findings indicating that 23% of bank customers have little or no trust that their bank will provide unbiased service.

Are Banks Doing Enough to Remedy the Situation?

While 23% of bank users having no trust in their bank may not seem like much, it still points to a customer-relations problem that banks have. The financial crisis of 2008 was an indication that banks seem to favor profits over their customers. The banking system is set up to cater more to a bank’s balance sheet than the welfare of the individuals trusting the bank to keep their money safe.

Indeed, one only needs to look at how a bank conducts its daily business. For instance, during the financial crisis, it became increasingly clear that banks were charging additional services that customers had no prior knowledge of. These additional charges were also not easy for the average user to detect.

Banks Are Not All Bad

The availability of banks and financial institutions have streamlined the financial sector, significantly reducing financial risk. Just by being there, they have also contributed to the expansion of financial opportunities for many of their customers.

Yet, about 40% of those surveyed said they were becoming less dependent on their banks as the primary financial services provider. They were choosing non-bank providers instead. This is a large number, and the reasons behind this migration are varied.

Banks lack a transparency on product pricing and features that modern customers are beginning to demand from a financial services provider.
They also have a poor record of “delighting” their customers, something the authors of the Global Consumer Banking Survey agree they need to work on.
They lack innovation in customer experiences, and customers are beginning to look elsewhere.

Banks Fail to See the Need to “Delight” their Customers

Of all these problems with the banking sector, one of the most important is customer service. The ability to “delight” the customer with new, innovative experiences is largely lacking. That is why 40% of customers choose non-bank institutions like Etherecash as a primary financial services provider.

Customers need to be at the top of the bank’s agenda. This means transparency, security and customer service need to be improved. Financial services providers like Etherecash understand the need for unbiased financial information and transparency in all matters finance. That’s why Etherecash offers a secure blockchain-backed system that allows users to lend, borrow, spend and send money easily and reliably.

If you are looking for a non-bank solution for your bank woes, the Blockchain backed lending and fund management gives you a seamless and private alternative.

Buy our tokens now. Visit Etherecash.io.

Russia’s Approach to Cryptocurrency: What We Think

Russia is looking to becoming a cashless society with their own cryptocurrency called the ‘CryptoRuble.’ Though the use of these cryptocurrencies is not wholly accepted by other countries, for Russia, it promises to boost the country’s development and advancement.

Russia’s Advancement Over the EEC

Nikolay Nikiforov, Russia’s Minister of Communication and Mass Media, said in an interview that if they don’t launch the CryptoRuble, then in 2 months, Russia’s neighbors in the Eurasian Economic Community (EEC) will do it.

The CryptoRuble will use the blockchain technology.

Most users of cryptocurrencies use it largely because of one of the big selling points of cryptocurrency: the fact that it’s decentralized. But that’s not the case with the CryptoRuble. Just like any regular currency, it will be issued and tracked. To be able to track the coin, it will use Russian designed encryption in a bid. The rate is 13% of the earned difference when buying and selling a CryptoRuble.

Boosting Russia By Preventing Criminal Fund Transfer

The major push behind Vladimir Putin issuing Russia’s own cryptocurrency is that it will be beneficial for the Russian government in collecting income taxes from individuals.

To prevent tax evasion and money laundering, the CryptoRuble will be the only cryptocurrency available and legal to Russian residents.

Since cryptocurrencies are decentralized, Russia has historically been worried about it being used by criminals. Their concern that drug cartels, human trafficking and terrorists may try to use the anonymous currency, has pushed them into allowing cryptocurrency as a mainstream currency, but with specific rules.

Citizens are required to declare where their CryptoRubles originated, or they will be charged a 13% fixed tax when converting the cryptocurrency into Russian rubles.

The Russian president added that even though in the past they may have been worried about criminal activity, recognizing the growth of cryptocurrency and investing in its future has become a necessity.

What This Means for Cryptocurrencies

As Russia moves to bring cryptocurrency into the spotlight, the value of cryptocurrencies and the blockchain increases. As Nikiforov wisely noted, countries who don’t start innovating with cryptocurrency and blockchain technology will quickly be left in the dust.

The blockchain will allow for greater transparency, security and innovation in the financial industry. The race to become a part of this rapidly developing technology has begun, and other countries would be wise to get involved while they still can.

One platform is dedicated to helping not countries, but individuals get involved with cryptocurrency. Etherecash is developing a forward-thinking Ethereum-based platform that will allow users to buy, lend and sell using multiple cryptocurrencies, giving the power back to the people.

Become involved in the future of buying and selling. Invest in Etherecash by buying their tokens here.

It isn’t too late to be a part of the blockchain revolution — but it may very well soon be.

Buy our tokens now. Visit Etherecash.io.

Delaware and the Great Blockchain Experiment

Delaware is one of the smallest states in the U.S. and doubles as the unofficial financial headquarters of North America. It is this latter feather in its cap that has encouraged the tiny state to incorporate blockchain technology into record keeping and stock trading - a trailblazing step.

Dubbed the Delaware Blockchain Initiative, the experiment is a groundbreaking action that seeks to embrace the smart contracts of the blockchain technology. This is an area that has remained a preserve of independent teams of programmers in peer-to-peer blockchain platforms such as Etherecash.

The Initiative and the Law

The state ratified the Initiative through the Delaware General Corporation Law (DGCL), a radical amendment to Title 8 of the state’s code that governs general corporate law. This action, in essence, legitimized any blockchain-based transactions in both the civil and corporate domains.

Why Is this Initiative a Timely Action?

About two-thirds of the Fortune 500 companies are incorporated in Delaware, and almost 85% of Initial Public Offerings in the U.S. are based out of the diminutive state; most probably because of Delaware’s well-defined structure of corporate finance law. The Initiative includes a series of trials to incorporate smart contracts in settling financial and stock transactions faster.

The Initiative presents a possibility to make financial transactions flawless. At the moment, security transactions aren’t instantaneous; and the process is even disjointed because incorporation and issuance of shares are two different steps. This is time-consuming and expensive. The Delaware Blockchain Initiative believes that by using smart contracts, the two processes can happen automatically and be enjoined in the end.

The Delaware Blockchain Initiative holds the key to streamlining operations in the financial industry. Wall Street, for instance, is in need of a dire technological makeover. Financial institutions that all seem to have glitzy and up to date customer-facing applications, like the numerous now-all-so-familiar banking apps, are dying under the weight of back-office processes executed using inefficient, outdated and time-consuming systems.

The Delaware Blockchain Initiative now makes it possible for banks to manage more transactions faster and easier, and spend way less to boot.

Why Delaware and This Initiative Are So Important

Delaware is keen to maintain its position as the leading destination for companies seeking incorporation. Its body of corporate financial laws and the necessary amendment to allow corporations to use networks of electronic databases are a good testimony to this. However, the changing financial landscape requires a lot more than just Delaware’s current modern laws.

The little state took the trailblazing step because most of its customers are businesses and, it has a Corporation Law Council, which is a sitting committee of legal advisers that ensure that the laws of the state are in tandem with the innovations that influence the financial environment. Because of the natural role of blockchain technology in record keeping, the government’s most basic function, incorporating the applications of the technology to state functions was only a matter of time.

What Is the Relevance of Etherecash?

The blockchain technology allows for limitless applications that solve daily-life situations. Access to loans is essential, and peer-to-peer lending holds the power to change the micro-financial lending landscape and ease the process of procuring loans.

This is why you should participate in Etherecash’s ICO. Be in the driver’s seat when it comes to the future of lending by investing in that future today.

Buy our tokens now. Visit Etherecash.io.

Can we Ever Solve the Minority Lending Problem?

The availability of capital has always been a bone of contention in the small business community. Of the many problems business owners face when it comes to lending, one of the most enduring is a lack of equality. There is a very large gap between capital available to white-male business owners when compared to women and minority owners.

This diversity problem has, in turn, created a culture where minorities and women fear applying for capital. And when a 2016 Biz2Credit report indicates that women business owners are likely to receive loan approvals 33% less often than their male counterparts, the fear is understandable.

Can we fix this clear inequality, or do women and minorities need to start looking elsewhere?

Dissecting the Problem

In an attempt to understand the problem and come up with solutions, the Small Business Administration conducted an initiative in 2016. At the end of the study, the SBA and other organizations that included the Library of Congress and Duke University’s Fuqua School of Business, concluded that the racial and gender makeup of boards was likely to affect race and gender investment recipients.

The study’s findings also indicated that venture capitalists are also less likely to invest in people with diverse backgrounds. Considering the following breakdown of diversity in private equity and venture capitalist firms as detailed by TechCrunch, the future for minority borrowers seems bleak.

Only 8% of investing partners of active micro-venture firms are women
Women make up only about 7% of partners in the top 100 firms
87% of venture capitalists are Caucasian
89% of these venture capitalists are male

Is the Solution to the Minority Lending Problem Diversity in Investment Boards?

It is easy to think all that needs to be done is to diversify the investment boards and the minority problem will go away. But while the SBA has made recommendations to do so, there are some glaring problems with this solution.

To begin with, the process of diversifying boards is not one that can be done overnight. It is a process that is bound to take years or decades before the investment community can get used to the idea.

Without transparency in the borrowing process, it is also likely that the minority problem will not go away by simply diversifying the boards. Lenders have to be willing to be transparent about all aspects of the borrowing process. Regulation of the industry may come into play and that may also take years to implement.

Fortunately, blockchain technology is coming to the aid of minorities by providing peer to peer cryptocurrency-backed lending.

Millennials and Eliminating Bias through Tech

Older millennials who have graduated into a struggling job market could very well be the next victims of the minority lending problem. Over 54% of millennials are looking to start their own businesses and up to 10% are young people of color. Without diversity and transparency in the current lending system, these young people could well have a very hard time accessing capital.

But millennials more than any other group have been known quickly adapt to new technologies. They more than any other demographic are more likely to take advantage of the transparent and secure cryptocurrency-backed lending system offered by Etherecash. Cryptocurrency, thanks to its naturally unbiased nature, may very well end the minority lending problem.

You can take part in this revolutionary lending system by purchasing our Etherecash token through our ICO from November 15th, 2017. We use smart lawyer-backed contracts to ensure the process of lending and fund management is private and above all equal.

Buy our tokens now. Visit Etherecash.io.

Blockchain Can Be Both the End and Savior for the Banking World

There are 45% of financial intermediaries that report economic crimes annually. The fact that the banking industry is built on a centralized platform causes a great risk for the entire financial system. This results in easy access for intermediaries, making client’s data insecure and easily alterable.

The Maturation of the Blockchain

The Blockchain technology has in the recent years grown in the digital industry. It began as a platform for the bitcoin currency to be transacted upon. This was because it only served as a space for the bitcoin. Currently, the blockchain has grown to an ecosystem of itself proving to have a lot of potential.

With time, there has been the rise of the Ethereum blockchain, and with it, other ecosystems like Graphene have come up to utilize the blockchain. There has also been an increase in the number of industries which are using this technology, enjoying its benefits of transparency and efficient information logging.

Blockchain as the Savior for the Banking World

The banking industry is also seeking to get involved with blockchain technology. One of the main problems in the banking sector that blockchain will seek to solve is the problem of fraud.

The blockchain system offers a transparent and encrypted model which could easily curb the risk of fraud. In June this year, several banks joined the IBM to build a blockchain system. Its aim was to provide trade financing for start-up and medium-sized businesses. The blockchain will enable the banks to be more interconnected and ease the transfer of assets within seconds.

Banks will also have the opportunity to invest in cryptocurrencies. Despite the challenges of the cryptocurrencies such as lack of regulation, the industry has still grown popular.

Implications of Using the Blockchain Technology in the Banking Sector

The current financial changes may lead the world to find an alternative to the dollar. This is because global trade is now moving away from America, meaning that they also move away from the dollar. The banking system can, therefore, be swept away by the blockchain due to the numerous dangers centralized banking poses, and the benefits that blockchain offers over it.

The idea of the blockchain will help overcome current financial crises and establish a reliable and trustworthy alternative through the use of cryptocurrencies causing its popularity to rise. This will increase the investment of cryptocurrencies like Etherecash.

Become Part of the Revolution

With the current trend, there will be numerous developments of the blockchain in the banking industry. This will also include the growth of the cryptocurrencies. You can take advantage of the growth of cryptocurrencies by getting involved now.

Etherecash is selling its ERC20 tokens in its ICO which starts on the 15th of November. The tokens can be bought with Bitcoin or Ethereum. The tokens have been built on the Etherecash blockchain which has lawyer-backed contracts and offers transparency.

Buy our tokens now. Visit Etherecash.io.

Australia’s Huge Financial Crime Problem

In this world full of terrorism and criminals, financial institutions have long struggled against pervasive money laundering and other financial crime. Even the banks we trust and depend on face significant security issues (one only has to look at the recent Wells Fargo scandal to see how far fraud and corruption can extend).

In Australia, a security issue has been discovered in one of the biggest financial institutions in Australia — the Commonwealth Bank of Australia (CBA). The bank has breached anti-money laundering regulations and is alleged to be aiding criminals and terror financiers in laundering millions of dollars through their ATMs. After CBA’s deficiency, Australian regulators are changing their approach to the anti-money laundering compliance.

CBA Vulnerability and Exploitation

The AUSTRAC was forced to take unparalleled civil action against the Commonwealth Bank of Australia for large-scale anti-money laundering breaches. Through the CBA’s Intelligent Deposit Machine (IDM) network, money launderers, such as drug cartels and terrorist financiers, were successfully moving cash.

Allegedly, AUD 9.8 billion was moved without any smart controls. A major system fault resulted in cartels taking advantage of IDMs that allowed customers to deposit cash without identity verification and without limits on cash deposits.

When criminal syndicates discovered the loophole, they cruelly exploited it. The increase of cash deposited in the IDM should have been a clear red flag. In June 2012, a total of AUD 89 million cash was deposited. After two years, AUD 3.35 billion cash was deposited. Although bank staff reported the suspicious activity internally, nothing was done.

Blockchain, the Fix for Australia’s Monetary Crimes

Banks are prime targets for hackers and criminals, but they’re supposed to be secure against criminals. However, a lack of transparency and accountability results in wide-scale fraud as criminals exploit the system.

The future of financial security does not lie with the banks — it lies with an entirely different platform: the blockchain.

Blockchain technology uses smart contracts that will extremely revamp the method in which we lend, send and spend. The blockchain technology could deliver a new found trust to the country while establishing a larger sense of security and reliability.

A Fundamentally New Approach

One example of platforms like this currently in development is Etherecash. Etherecash provides secure and transparent transactions using the blockchain, providing more reliability and transparency to their clients.

Etherecash was built on the ethereum platform that uses smart contracts to facilitate intricate transactions. The transactions are then recorded on the ethereum blockchain, a decentralized public ledger that is tamper proof and irreversible. Etherecash focuses on delivering a complete ecosystem that provides fast and secure local and international payments, improving the spending capacity of cryptocurrencies in our daily lives.

Since it’s decentralized, costs are lower, and transactions are more secure thanks to cryptography and secret codes. Two parties can transact directly, avoiding fees and delays.

This approach could greatly revolutionize the fight against financial crime, changing the way we view financial transparency and security in an age of fraud and money laundering.

Fighting fraud is within our grasp. Etherecash is working on providing a platform that will make money laundering and financial crime relics of the past. Invest in Etherecash today by participating in their limited time ICO.

Their industry-changing platform gives users peace of mind. Not only are your own finances safe, you can also rest assured that there are no opportunities for money launderers or cartels to interfere.

Buy our tokens now. Visit Etherecash.io.

“More Than Just a Fad”: Morgan Stanley Backing Cryptocurrencies

While responding to a reporter in September this year, James Gorman, CEO of Morgan Stanley said that the concept of bitcoin is “more than just a fad.” He said that the anonymity feature of cryptocurrencies is compelling. He has not invested in the cryptocurrencies but said he has talked to many who have. During the event, he said that, “It's obviously highly speculative but it's not something that's inherently bad. It's a natural consequence of the whole blockchain technology.”

This positive insight by the CEO of Wall Street’s biggest banks will increase the number of parties interested in investing in cryptocurrencies.

The International Monetary Fund’s head, Christine Lagarde addressed the World’s bankers in September saying that digital currencies may be the currencies to watch and financial institutions should be on the lookout. She mentioned the risk that comes with it, but her prior statement has significant implications for the whole cryptocurrency industry.

JPMorgan Chase CEO’s Contradicting Outlook

JPMorgan Chase CEO Jamie Dimon in the same month made a comment about bitcoin terming it as a “fraud”. According to CNBC, he said “It is worse than tulip bulbs. It won’t end well. Someone is going to get killed.”

Bitcoin then fell to trade around its session lows after his comments went viral.

Regulatory Developments Around BTC in The US and Globally

According to Bloomberg, Gorman brought out the concern of future regulatory developments around cryptocurrencies. He wondered when regulators would want to exert control on the flow of cryptocurrencies.

Some of the States in the US have strict rules on cryptocurrency while others are more lenient when it comes to such regulations.

According to NewsBtc, globally, around 13 countries have imposed their own rules or announced their intention to do so. Countries such as Bolivia and Ecuador have set outright bans. The President of Russia has recently commented on the issue and says that the cryptocurrency now poses a great risk to the state such as money laundering and tax evasion.

Etherecash promises to significantly improve transparency, security and reliability using Smart Contract technology. They aim at bridging the gap between those with access to finance and those without, eliminating borders, intermediaries and prejudices.

The blockchain decentralized protocol seeks to Lend, Send and to Spend. It aims to create the trust that is lost in conventional financial institutions. The platform seeks to address the core aims in the financial sector through the use of the blockchain technology to enjoy the benefits of transparency and anonymity

You can now purchase Etherecash tokens; the ICO will run from the 15th November until the 19th of December this year. The supply of ICO tokens is only 144,000,000, and can be purchased through Ethereum or Bitcoin. The distribution of the Etherecash tokens will happen once the ICO has ended. The tokens may be issued to you in an ERC20 Ethereum compatible wallet.

Buy our tokens now. Visit Etherecash.io.

4 Things To Know Before Investing In ICOs

Initial Coin Offerings (ICOs) happen to be the latest craze amongst investors in the cryptocurrency space. A brainchild of the Ethereum team, it is a form of crowd funding, that allows fledgling projects to raise capital for development of decentralized projects (primarily).

ICOs also provide digital tokens or assets to project backers, with the investors hoping that the token will be worth more than the price they purchased it for.

However, there are certain factors you should lookout for, while doing your diligence in selecting the best ICO to invest your money in:

Going for “X” factor projects

While investing in an ICO, it is important to identify the core features of a project that differentiate it from the unscrupulous bunch of copycats.

For instance, consider Ethereum(ETH). It was a project which promised to create more interesting applications with blockchain rather than just transferring of funds. It’s no surprise that the project developers, Vitalik Buterin and team, were able to conduct the largest ICO till date.

You should look to avoid investing in an ICO which is a tad too similar to an established project. These ICOs often ride on the hype of other successful projects. For example, there were many ICOs that wanted to replicate the success of ETH with a focus on ‘smart contracts’.

Without an innovative or novel use case, these projects end up getting significantly less attention than their predecessors.

Bonus for investors

Another thing to look for when evaluating an ICO is whether or not the development team is offering a bonus incentive for early bird investors. This can vary widely from project to project.

For example, an ICO may offer a 10% bonus in token distribution for the first batch of investors before a 1000ETH milestone is reached. This means that, if 1 ETH gets the investor 10000 coins, instead they would receive 11000 coins.

Conversely, if you are investing towards the end of an ICO in which a bonus was offered, you must understand that there are those who will theoretically have a more optimal level of control of the total coin supply.

Escrow, and Refunds

Another mandatory aspect worth looking into, when considering an ICO investment, is identifying the escrow services handler for the crowdfunding.

Genuine development teams normally will enlist individuals with a solid reputation within the cryptocurrency community to act as faithful holders of the raised funds. With their reputation on the line, these individuals are less likely to run away with the collected funds.

Also, in case of non-achievement of funding for the project, there should be a condition in place to refund the contributed money back to the respective investors. This acts as a fail safe in a case where a project ends up under funded.

Credible developer or not?

Credibility of developers is determined by whether the team is public or anonymous. When a development team is public, there are known faces in the organization, and a specific individual that could be held accountable in a scenario concerning possible squandering or robbing of funds.

Of course, there are ICOs that are held by anonymous developers, with some of them having a credible background, and some who are new to the scene. As a prudent ICO investor, you should not invest in ICOs of anonymous developers with zero recognition within the community.

Lastly, there are no guarantees that your investment will turn out as per your expectations. Do your best to evaluate risks of any contribution you make, and don’t go for more than you can afford to lose.

Buy our tokens now. Visit Etherecash.io.

What are Cryptocurrencies and Crypto Funds?

What are cryptocurrencies?

They are digital currencies which exist on the internet much like dollars, pounds or rupees in our wallets. Investing in cryptocurrencies is very much similar to investing in real world currencies. You can avail them from any of the crypto currency exchanges around the worldHowever, unlike their traditional counterparts, these cryptocurrencies have a limited supply, and they have to be “mined” in order to be used.Now that you know where to begin, let’s talk about cryptocurrency based funds and how to invest in them and manage them.

What are cryptocurrency funds?

The easiest way to describe a cryptocurrency-based investment fund, is to compare it to its traditional counterpart, the classic investment fund. In a traditional fund, your money is allocated between several different investments. Some entail more risk than others, which of course brings more reward. The growth of your money depends on the volatility of the market and the type of investments that make up the fund.

Cryptocurrency funds operate in a similar fashion. And for the record, digital currencies, are by far the hottest investment product currently available. These immutable, internet born assets promise to become non-duplicable money for the whole world.

With rising popularity, there is an increasing demand in the international market to trade with these digital assets in a much more regulated way. These funds offer investors a relatively safe method to invest in digital currencies thereby increasing their exposure to a potentially high-value asset class.

Wow, this is all getting a lot more interesting! Right? So, you know what cryptocurrencies are, and you know what cryptocurrency funds are. Now how do you manage your “crypto fund”. Well, that’s where we come in.

We seek to move the needle in managing crypto funds, and crypto lending. Leveraging our Etherecash token which will be up for sale through our ICO and we aim to provide crypto investors and lenders with a private and seamless platform for managing all digital asset related investments.With lawyer protected smart contracts, we truly aspire to make crypto fund invents that make up the fundestment quick, hassle free and pocket friendly. Our experienced tech team has worked tirelessly, to make this a reality by developing Etherecash on the cutting edge ERC20 blockchain technology.

Buy our tokens now. Visit Etherecash.io.

Top 5 Reasons To Make Payments On Blockchain

Consider a scenario where there is absolutely no involvement of banks, payment gateways or any third party intermediaries to process your payments. Would you go running around in your neighborhood, crying “Eureka!” like Archimedes did, or would you ponder the viability of such a possibility?

The latter might occur at first, but then eventually, you would end up reenacting the joyous moment of buoyancy discovery. That is the power of blockchain. It is a decentralized peer-to-peer network that was designed for private, secure and swift transactions of cryptocurrencies.

If you have used a peer-to-peer file-sharing network like BitTorrent, or Dropbox to synchronize files between multiple computers, you would have a basic understanding of how the network works. With BitTorrent, each computer shares files with others on the network. Files are constantly kept in sync so that everyone has the same copy. Updated copies are replicated to everyone who has a copy of that file.

Similarly, different users participate on the blockchain as “nodes”, working to verify payments made on the network. Once a particular payment is verified, it is recorded in a “block” like a ledger. Every node on the network has a copy of this block, and all these blocks are linked to each other to form a “chain”.

This happens in a highly secured setup, and pretty quickly, thereby putting all instances of theft, hacking and tampering out of the picture. If someone intends to break in and alter records, he/she has to gain access to at least 70% of the network, which is practically impossible. Hence, hackers target only centralized institutions like banks and title companies where all information is stored in a single, unified database or repository.

Now that you are pretty much acquainted with blockchain and it’s wonderful abilities in making your life simpler, let’s look into the 5 most important reasons for using it to make payments:

Elimination of third party trust

Banks and other intermediary institutions harness our need to trust each other, to offer us their services. This way, they build an everlasting trust gap, where they “manufacture” some of it and get the rest of it “evoked” from us. Blockchain eliminates that mutual emotion of trust by giving you the complete authority of your payments and transactions.

Immutable ledger

Having access to all copies of payments on the blockchain ledger, makes it immutable. So, whenever there is an anomaly in one of the blocks or chains (if the network has multiple blockchains), it can be removed and replaced with its copy. This way there can be no instance of forgery.

Complete visibility of asset life cycle

Information about transactions of all recorded assets on the blockchain, can be reviewed anytime. This is mainly possible because every block in the chain contains details from previous blocks. Asset lifecycle management hits a whole new level with blockchain.

Enhanced security

Once a transaction is grouped into a block, a hash (security key or password if you may call it) is assigned to it, enabling users to easily detect changes to the data. The hash is unique to that block and stays with it forever. Such encrypted protection is considered unbreakable.

Swift payments across borders

The blockchain’s wonders lie in making international payments, safe, private, swift and pocket friendly. Haven’t you dealt with exaggerated timelines, exchange rates, excessive regulations every time, while sending money to your friends, family and peers across borders? Well, all that can take a backseat with blockchain.

Intrigued by the idea of moving over banks to lend money to people in other countries? Convinced by how blockchain can take care of your payments? Then you should definitely look forward to leveraging our Etherecash token, which will be up for sale through our ICO, come October 25th.

Buy our tokens now. Visit Etherecash.io.

ICOs are here to stay. Top 5 Reasons to participate in them

If you find yourself coming across the term ‘ICO’ in headlines, followed with big dollar signs, then you know it’s time to sit up and listen. There is a wave of change in the startup fundraising scenario, by the latest ICO (Initial Coin Offering) trend. A radically different method of raising investment capital, ICOs are already making traditional ways like initial public offerings, and crowdfunding look irrelevant.

According to an article from The Financial Times, a report from Autonomous found that technology based start-up companies have raised nearly 1.3 billion dollars this year alone through ICO’s, compared $222 million the previous year. One company called Bancor managed to raise $153 million, making it the most lucrative ICO in history (based solely on the amount raised).

Going by these numbers, ICOs surely are disrupting the way money is raised for application oriented companies. ICOs are not a new concept, as the first successful ICO was launched back in 2013 by Mastercoin. Arguably the most successful ICO that started the wave of this new concept was Ethereum which managed to raise over 18 million dollars in 42 days. From then till date Ethereum has given investors almost 74,000% returns in three years!

These numbers are staggering, and with the number of ICO’s launching daily, it’s about time we educate ourselves on how to participate in ICOs and why ICOs offer such lucrative investment opportunities. Let’s consider the top 5 reasons why you should participate in an ICO:

Investment Potential: ICOs give investors the opportunity to participate early on in a project, before the benefit of the technology is truly realised. Hence, the token price is usually lower, often with early investor bonuses, presenting fantastic opportunity to benefit from early investments as the market realises the value and growth potential of the business model.
Front Row Seat to History: The greatest minds in innovative technology are launching ICOs, so to be in with a chance to witness history in the making, you must participate. If you could have known the potential of Bitcoin back in 2009, think of the possibilities.
Future Growth: ICOs are becoming the fund-raising norm for start-ups and they will not be going away anytime soon. They will open up possibilities which will lead to more money flowing into the ecosystem.
Transparency: Companies looking to raise capitals through ICOs are focused towards creating applications operating in a decentralised environment, which will pave way for enhanced transparency and immutability. The operational nature of ICOs is transparent and online so you are constantly up to date with the ICOs progress.
Exclusive Benefits: The digital token issued by the company will be the go-to currency to leverage the benefits of all products and services offered by the company, which is as good as becoming an exclusive member with club like benefits.

Buy our tokens now. Visit Etherecash.io.

ICOs: Redefining the way companies raise capital in public offerings

As an investor in the stock market, you must be familiar with Initial Public Offerings also known as IPOs. It is the first sale of stocks by a company to the public. The company can raise money by issuing either debt or equity.

In case, it chooses the equity route, the first such offering of equity shares to the public via their listing in a stock market exchange is called an IPO. IPOs are often issued by relatively smaller, and younger companies seeking capital investment in order to expand. But they can also be conducted by large, and privately owned companies looking to become public.

Taking this understanding of IPOs in consideration, let’s talk about something similar. Something which doesn’t involve hefty paperwork and convoluted regulations. Something called an ICO. Congruent to the IPO mechanism, contrary to the sale of equity stocks, ICOs consist of digital “token” distribution in a crowd sale.

These crowd sales act as platforms for upcoming firms to raise funds and give potential investors a chance to avail a stake in the product/service offered by the company. Investors buy tokens, units of digital currency which are typically meant to be an integral part of the application that the startup wants to build.

The bet is that the application will be popular and thereby generate demand for the tokens, increasing their value. Dozens of ICOs have already been launched, raising more than $230 million last year, followed by more than $450 million just in the first half of 2017.

If you are aware about the recent and latest developments in the world of finance and technology, you would have come across a term called “blockchain”. A blockchain unlike banks and other centralised bodies is a decentralised ledger technology which powers digital currencies or cryptocoins like Bitcoin, Ethereum, Ripple, etc

Many of the hottest blockchain assets today are not digital currencies like Bitcoin or Ethereum, but digital tokens as talked about earlier. They are distinguished from their cryptocurrency counterparts by their lack of a unique blockchain.

They instead run on existing blockchains, primarily Ethereum’s, and are built as per ERC20 norms for specific applications, such as a peer-to-peer marketplace for computation (Golem), a crowdsourced prediction market (Augur), or a blockchain-based advertising platform (Brave).

ICOs take place in pre-sale and post-sale settings. In a pre-sale ICO, investors get to buy tokens at discounted rates than the actual ICO token sale. For example, Imagine Facebook issuing a token to its users, with its value getting derived from the content and connections generated on the social network. Early users would scoop up large quantities of the token at rock-bottom prices. While those who dropped late to the party, would find themselves able to afford only a few. But all of them, by holding this digital asset, would be able to participate in Facebook’s growing success.

This, of course, is not the case. The $435 billion value of Facebook is shared only among Mark Zuckerberg and other stockholders. Most other internet platforms operate on the same principle. Their owners extract massive value from interactions between users.

With blockchain-based systems, by contrast, “there’s no longer a division between users and owners,” says Carlson-Wee. The tokens are a wealth-sharing mechanism, a way that everyone from hedge funders to consumers can take positions in, and place bets on the future of internet.

ICOs are the next big chapter, after crowdfunding, in the democratization and decentralization of finance, says Brock Pierce, a co-founder of a San Francisco venture capital firm, Blockchain Capital, that invests in cryptocurrency startups. His firm recently raised $10 million by issuing its own blockchain token, becoming the first venture capital firm in the world to do so. (The token sold out in six hours.)

Buy our tokens now. Visit Etherecash.io.

Blockchain: A decentralized and “smart” approach to managing finances

Have you ever wondered, how your assets and securities are managed within your investment fund? Apparently, a great deal of confusion and friction exists between different intermediaries such as sell-side firms, exchanges, clearing houses, central securities depositories, payments processors. Especially because all of them use different operational infrastructures.

Moment of epiphany, isn’t it? Next time, be reminded of the scenes behind the curtains, when you get on a call with your asset manager.

Blockchain’s ubiquitous distributed ledger technology can put a rest to this commotion within the financial network. No need for intermediaries to validate financial transactions anymore.

You as the end user, the fund investor can settle all formalities with your respective buy-side firm without any middleman intervention. “Smart contracts” can prove very useful in this regard.

Let’s understand this in a deeper sense. So, you have the blockchain which runs on a decentralized network across millions of computers. Consider that your asset management company, or buy-side firm gets its entire operational infrastructure set up on its own blockchain.

Now, the company can configure an executable file with its business rules implied by a financial contract. This file, also known as a smart contract can be embedded in a programming language and executed with any transaction. Smooth, right? This “smart” move, in turn can eliminate all intermediaries, leading to transparent transactions between you and your buy-side firm.

Fulfillment of each contract is made possible by a software code (as discussed above) which is independent of human interference. The terms of the contract and the money is released only upon compliance of all included conditions within the contract, sort of like an escrow feature.

Realizing the fact that smart contracts may at times require coding which can only be done by software professionals, many companies are launching a whole bunch of customizable templates for smart contracts, which can form the basis of any desired contract on any platform.

These templates can be set to act as per requirement and arrangement between parties, in turn eliminating the need for experienced professionals to create room for entry-level participants.

Also, there’s an added benefit of going about managing your funds on the blockchain. Except the smart contracts functionality, every blockchain has an associated cryptocurrency which is in turn is powered by the respective blockchain.

These digital currencies can act as a store of value resulting in exponential growth of your wealth over a period of just a few years. For example, consider the Ethereum blockchain, which propounded the idea of smart contracts in the first place.

From the time of its inception till date, Ethereum has given investors almost 74000% returns in three years’ time! Which other platform provides the benefit of reaping such humongous profits on invested capital? None.
Altogether with these digital assets, financial transactions over blockchains are nothing more than a cakewalk. You can send money to anyone in any part of the world with the lowest transaction fees in the fastest possible time, without intermediary interruption.

You can choose to either keep all your holdings as cryptocurrency assets on blockchains and encash them as per your requirement, earning a certain profit almost every time you withdraw funds to your bank account.
A much better idea than letting your hard earned money get stale in centralised ledgers, right?

Buy our tokens now. Visit Etherecash.io.

Etherecash: Unique Features Set the Platform Above the Competition

In recent months blockchain technology has gained major traction among forward thinking entrepreneurs. Major corporations and small business owners alike have proven eager to capitalize on this groundbreaking innovation. It’s no surprise that there are now dozens of blockchain payment systems and ICOs popping up seemingly every day. With this flurry of market opportunities, it can be difficult for prospective investors to decide which project to back. This is where Etherecash comes in.

Etherecash is much more than just an investment opportunity, it’s an integrated blockchain system that stands to radically upend the way we lend, send, and spend our cash in today’s transnational financial ecosystem. Of course, there are already plenty of blockchain startups developing new ways to send and receive funds outside of traditional payment systems, not to mention companies working to facilitate peer to peer lending schemes, but Etherecash is different — it’s takes these disparate functions and rolls them up into one tight user-friendly package. However, it’s not just Etherecash’s convenience that sets it above the competition.

The innovative blockchain platform incorporates two unique qualities that ensure unparalleled security and peace of mind for its users.

Lawyer Backed Compliance

First, the Etherecash platform is fully lawyer backed. Built from the ground up with consultation from some of the world’s most reputable legal firms, Etherecash brings an unprecedented commitment to transparency, legality and regulatory compliance to the blockchain ecosystem.

As with any emerging technology, blockchain systems are subject to a number of restrictions from international regulators. As the range of blockchain based services expands explosively across international markets, an increasing number of noncompliant companies have been stopped in their tracks by legal troubles, in the process duping unwary investors out of their cash.

In some cases, wholly well-intentioned blockchain companies simply lack the legal know-how to ensure that their services are keeping up with the law. With its committed legal team and built-in focus on regulatory compliance, Etherecash has nothing to worry about in this regard. The Etherecash platform’s firm legal standing makes it uniquely suited for long-term financial growth — a major boon to potential backers.

Crypto Backed Loans

The Second uniquely competitive aspect of the Etherecash platform is an ingenious crypto-backed loan feature. With most blockchain based peer to peer lending systems, a participant taking out a loan forfeits their cryptocurrency as collateral against defaulting on their loan. This means they lose out on one of cryptocurrency’s most desirable features — its ability to passively accrue value as a financial asset. With Etherecash, borrowers no longer have to worry about the opportunity cost of freezing their valuable assets.

The Etherecash platform incorporates a smart contract that recognizes increases in the value of borrowers’ assets even as they’re being held in collateral during the terms of a loan. This means that upon repayment of their loans, borrowers will not only be returned their initial funds, but all the additional value their assets have gained as well.

Beyond offering borrowers a chance to reap the full value of their cryptocurrency during loan periods, this unique feature of the Etherecash platform represents a fundamental shift away from the restrictive practices typically upheld by lending institutions. Traditional lenders usually focus on a would-be borrowers’ income as well as a portfolio of their assets — a practice that all too often excludes asset rich but cash poor individuals from securing much-needed loans.

By catering to individuals who fail to meet the stringent and restrictive standards imposed by traditional lending institutions, Etherecash stands poised to present thousands of historically disenfranchised loan seekers with access to a competitive and cryptographically secure loan market.

This key feature of the Etherecash platform’s lending system is sure to attract participants and investors alike — a process which will bolster the value of the platform as a whole.

A Step Above the Competition

With its unprecedented lawyer and crypto backed features, Etherecash establishes itself well-above the competition. The Etherecash platform’s built-in commitment to transparency and compliance, coupled with its accessibility to a historically untapped market of loan seekers fairly ensure the platforms long-term growth. Etherecash will be entering a pre-ICO phase later this month, with a full ICO set for early November. Prospective investors and participants alike may benefit from capitalizing early on this promising blockchain platform.

Buy our tokens now. Visit Etherecash.io.

Etherecash: The new type of loan

The world is always changing and change is good! While almost every sector has been changing, the financial sector has received the most of impact as compared to any other sector more so with the introduction of the Internet. The digital currency has really taken over the world financial stand and has seen cryptocurrencies become a force to reckon with. Etherecash, believes in this course too and is here to facilitate borrowing embedded with is emerging and growing blockchain system.

Unlike any other borrowing institution, Etherecash has revolutionized the lending and borrowing of cash in a borderless environment. Actualizing peer to peer lending without the need of an intermediary that is there to solicit interests, Etherecash, a smart financial lending platform working on a transparent, irreversible system that cannot be tampered with or manipulated, provides loans which are border free, prejudice free, hassle free. Most people receive the inconvenience of being a startup and cannot receive loans of amounts they were eyeing for, but Etherecash is here to broaden these scopes.

With Peer to peer lending, this broadens the reach and access to financial loans where both the lender and the borrower regardless of their financial backgrounds and financial needs. With this, the common pool of investors increases by a great margin making the marketplace more competitive.

Smart contracts are another way that Etherecash is transforming the borrowing and lending space. These smart contracts are a more future proof, pocket friendly medium that will universally bind the lender and borrower to convenient terms that are easy to abide with. Smart contracts are lawyer backed and use cryptocurrency as a security. These contracts are executed on the ethereum platform ensuring that all the transactions that will be involved in the lending and borrowing, however complex they might be are recorded on the ethereum blockchain.

With Etherecash, borrowers use their cryptocurrencies as collateral to get access to any loan amount of up to 70%-80% of their crypto. On the other hand, lenders with cash that could be invested in or borrowed provide this cash (as to their desired level) to the lender but under the smart contracts. This creates a win-win situation for both the lender and the borrower.

With a common interest of a lender and borrower, the borrower will deposit their crypto with Etherecash for the agreed upon lending period that would be stated on the smart contract. The lender would then convert their fiat cash to Etherecash which is sent to the borrower as the approved loan. The borrower would then choose to withdraw the cash in their respective fiat currency or use the Etherecash Debit Card which would facilitate cash withdrawal at any ATM.

The system also takes into account the cases of the crypto asset price and value fluctuations in that, in case of a fall in the value of a crypto asset held as a collateral to a loan, the borrower would be instructed to add relevant percentages of the crypto asset so as to fulfill the agreed upon value. In case of a rise in the value, the borrower might choose to withdraw part of the crypto asset or use the rise in the valuation of the asset to pay off the loan.

The Bottomline is that, Etherecash is here to revolutionize borrowing and lending in a way never before taking into account the best strategy possible that ensures both satisfaction of both the lender and the borrower.

Buy our tokens now. Visit Etherecash.io.

Etherecash Initial Coin Offering (ICO) Launch

Have you not wanted your hard earned money to exponentially exceed its worth? Are you not tired of earning the same old single-digit returns on your bank deposits? Do you not secretly desire to invest your money in the international market and reap handsome gains?

Our unique lending platform is going to provide you the opportunity to just that and much more. Through lending your money to borrowers outside your country, you will stand a chance to grow your wealth to your heart’s content. Yes, you heard that right!

Save the date for 25th October, 2017 as we unveil the Etherecash token in our Initial Coin Offering (ICO), bringing a new, full-proof lending medium to a global audience. A peer-to-peer, cryptocurrency backed lending platform, supported with lawyer backed smart contracts, Etherecashwill connect digital and fiat currencies in a unique and efficient ecosystem.

Moreover, this is a great opportunity for you to do so much more with your digital currency funds, rather than just letting them be stores of value. Through our ERC20 blockchain technology, you can maximise the potential of your cryptocurrency investment by lending to people beyond borders.

This way your portfolio will get diversified, and your funds will get constant traction in the always on international market. Instant and hassle-free transaction with added privacy, security and a minimal fee charge is what you will get when you leverage Etherecash to send money. Borderless money transfers have never been this easy and pocket-friendly!

Imagine the tremendous potential of bypassing banks to bridge the gap between borrowers and lenders. The next generation of lending will see deeper interaction between the two groups with absolutely no centralized intermediaries. A much needed upgrade for peer-to-peer lending to thrive in its beauty, and you can be a part of it.

Etherecash will let you:

Gain access to a rich, broad and diversified market of borrowers and lenders.
Keep earning returns through new mediums
Generate returns on your crypto investment through much more decent interest rates than traditional banks

As an early bird investor, you will receive a reduced token price, instant value appreciation and distinguished club benefits. Also you will get access to great investment opportunities that are easy to understand, and easy on the learning curve.

The total volume of tokens is pegged at 36 Cr, with a launch price of $1 per token, and listing price of $1.5 -2. Listing is scheduled to take place in January 2018 on Bittrex. So, what are you waiting for? Get, set, going for the Etherecash ICO launch on 25th October, 2017.

Buy our tokens now. Visit Etherecash.io.

Banking in the new age with crypto lending

According to www.coinmarketcap.com, the global cryptocurrency market cap happens to be $140 billion and is growing exponentially. And yet here you are, reading this article! There is a reason why this piece piqued your attention. May be you are interested in getting a slice of the “$140 billion pie”. May be you are interested in making money really quick, over the internet and across “borders”.

For those of you, who are not acquainted with cryptocurrencies, they are currencies which exist on the internet much like dollars, pounds or rupees in our wallets. To know more, watch this video https://youtu.be/kubGCSj5y3k

Blessed you are, if you were able to purchase some of these digital currencies as an investment option for your money. People who still don’t own any, now is the time to get started! For, if nothing they are proving to be excellent assets for wealth creation.

But, aren’t you interested in exploring more? Have you not grown tired of banks trying to control your wealth, already? Don’t you want to move over the archaic loan system practiced by these centralized intermediary institutions?

If the answer to all these questions is a resounding yes, then it’s time you did a little more with your digital assets, rather than just storing them. Ever heard of peer-to-peer (P2P) lending? Well, it so happens that this novel fintech innovation’s only purpose is to beat banks at their own game. More information at https://youtu.be/mNT0gZjWchI

Let’s whet your interest about P2P lending a little more:

According to Research and Markets, growing at a compound annual growth rate of 51.5%, the global P2P lending market is projected to touch $460 billion by 2022
LendingClub, one of the world’s biggest P2P lending and crowdfunding firms registered loan issuance of around $26 billion in Q1 2017

These beautiful facts and figures, speak volumes about the humongous potential of P2P lending. Now imagine, bringing cryptocurrencies in this picture. Think about the absolute robustness with which you can lend money to people living in other countries. Does the future of lending and borrowing look bright to you? Oh darn! You must be wondering how the system would actually work, with digital money and fiat money coming together.

Frankly speaking, the concept is very simple.

Cryptocurrencies by their very nature work on a system of distributed ledger called the blockchain ( know more about it here https://www.youtube.com/watch?v=k53LUZxUF50 ). Unlike the traditional centralized ledger protocol used by banks, this one is decentralized.

Which means you control the entire privacy of your transaction made over the blockchain.

There is no need for a “middleman” intervention, which you must have learnt from the video link mentioned above. This in turn eliminates banks out of the entire lending and borrowing scenario.

All this must sound like music to your ears. But there are some gnawing concerns, which will not let the skeptic in you rest in peace. What of the volatility that has plagued the cryptocurrency market till date? How would you trust your money to return back to you, with interest, amidst such sporadicity?

That’s where we come in. We seek to move the needle in crypto lending, making the process safe, reliable and secure. Leveraging our Etherecash token which will be up for sale through our ICO, come October 25th, we aim to provide crypto lenders with a private and seamless cryptocurrency lending platform.

With legally protected smart contracts and unprecedented ISO recognition, we truly aspire to make international lending quick, hassle free and pocket friendly. Our experienced tech team has worked tirelessly, to make this a reality by developing Etherecash on the cutting edge ERC20 blockchain technology.

If you have crypto funds, now is the time to generate handsome returns on your investment because making money in the international market hasn’t ever been as user-friendly as this.

Buy our tokens now. Visit Etherecash.io.

Is becoming rich, a part of your retirement plan?

Let’s assume you are one of the billions in this world with a steady job or business. You are amongst those 60% (18–40 age group), who according to research, have savings stashed away from respective incomes to finance a peaceful retirement.

The future looks hale, hearty and happy, isn’t it? But, there is always a but. Do you think, your funds are safe? Given the 2008 mortgage crisis, don’t you fear becoming witness to another stock crash crisis? Only, to see your hard-earned money go down the drain.

You may want to rule out the possibility of such an economic meltdown. But what about the the rising geopolitical tension in various parts of the world? Don’t you want to hedge your life’s savings against an insecure and seemingly devastating financial future?

Don’t you want to put your bank balance in an asset class, which will not just take care of you and your family, but also let you spend every day of your life in Monaco, Macau or any such place?

If you do, then investing in cryptocurrencies may just be your best bet. Yes, you heard us right! Besides the infamous mortgage crisis, 2008 saw the advent and rise of these cryptocurrencies, and today they are touted to be one of the best sources for exponential wealth creation.

Read all about cryptocurrencies and crypto funds in What are cryptocurrencies and crypto funds? to get a full understanding of how to invest and manage them.

With lawyer protected smart contracts, we truly aspire to make crypto fund investment quick, hassle free and pocket friendly. Our experienced tech team has worked tirelessly, to make this a reality by developing Etherecash on the cutting edge ERC20 blockchain technology.

By now, you must have pictured yourself basking in the sun, on a beach against your own private mansion. So, without more ado, go crypto with Etherecash!

Buy our tokens now. Visit Etherecash.io.

Update: Byzantium Metropolis Hard Fork on Ethereum Blockchain

The Ethereum platform is a vast ecosystem of Smart Contracts and distributed applications. Over 150 different tokens or Cryptocurrencies are issued on the platform till date. And many more being created using the Ethereum blockchain.

The rise of Initial Coin Offerings aka ICOs has also fueled the birth of many altcoins. Also, the number of distributed applications built on the platform are on their way to touch the four-digit mark.

Like any behemoth software system, the Ethereum platform needs updates to be better than yesterday.

What is a Hard Fork?

The blockchain is a collection of blocks linked together in a sequential order. Each block would have a number to identify it in the sequence. Cryptography is employed to link and maintain the blocks digitally in a distributed manner over the network. And also to ensure the security and authenticity of the data.

At a predetermined block, the chain splits up creating a new blockchain. The newborn chain considers the data available from the parent chain to the block where it is forked as the base data to start operating.

A hard fork could be planned for many reasons. Few common needs are as follows.

Releasing a major update.
Shifting the mining algorithm or changing the mining mechanism.
Community disagreements over the proposals.
Creating a new currency (for example, Bitcoin Gold).
To patch potential exploits.

Metropolis Hard Fork

A hard fork is planned as part of Ethereum roadmap. And named as Metropolis. The aim of the Metropolis hard fork is to enhance the Ethereum platform in terms of Security, Privacy, and Scalability.

As the Ethereum platform gained more traction, the developers identified the need for two hard forks. So, the Metropolis fork is planned for two stages. Each stage consists of an individual hard fork. The first and second unique hard forks are named as Byzantium and Constantinople respectively.

Byzantium Hard Fork

Ethereum Improvement Proposals aka EIPs are the critical implementations that would enhance the overall blockchain and the network. Each EIP is only implemented on the Blockchain if the community votes for it.

Implementation of nine Ethereum Improvement Proposals aka EIPs is achieved through Byzantium Hard Fork.

The fork is planned to enforce much earlier. But, few bugs were found when deployed on Ethereum test net, an identical Ethereum environment intended for the testing purpose. The developers had to fix the bugs in source code, and it was time intensive.

The Byzantium hard fork is arranged to deploy at block number 4,370,000 on the Ethereum blockchain. The forking process went smoothly without any glitches, and no network interruptions are caused.

The key features of the Byzantium fork are:

Improved mining Difficulty calculation for enforcing more stable block time.
Implementation of REVERT instruction in Ethereum Virtual Machine (aka EVM, is responsible for running Ethereum network).
Difficulty bomb delay and issuance reduction for an average block time of 15 Seconds and for buying time to adapt Proof of Stake mechanism.
Improving the transactional privacy

And few other core development related updates.

How the Byzantium fork affects Etherecash?

The Etherecash is built on top of Ethereum platform using the Smart Contracts technology. And the Etherecash token is an ERC20 compatible token.

The effects of Byzantium fork are completely positive on Etherecash. Increasing the Scalability, Security, and Privacy of the Ethereum platform only mean a stronger backbone for Etherecash.

The Old Blockchain

The blockchain that is other than the newly created blockchain is known as old blockchain. If there any nodes or miners are still working on the old chain then there is a higher possibility of a new Cryptocurrency coming into existence.

Long back in 2016, there is a Decentralized Autonomous Organization aka DAO was set up on Ethereum platform. Due to a bug in the code, hackers stole millions of funds from the DAO causing chaos.

To revert the damages of the attack the community has planned for a hard fork. But, the community has not approved this entirely. And as an aftermath, the old blockchain is maintained by the community of people who disapproved the fork.

So, a new currency came into existence and named as Ethereum Classic.

In case of Byzantium hard fork, almost all the nodes upgraded to adopt the new blockchain. And there is no possibility of a currency coming into existence.

Constantinople Hard Fork

The second part of the Metropolis Hard Fork, i.e., Constantinople hard fork do not yet has a release date. The fork would go live by the middle of the year 2018.

There are few Ethereum Improvement Proposals (EIPs) whose adoption for the moment postponed until the Constantinople Metropolis Hard Fork.

Buy our tokens now. Visit Etherecash.io.

Blockchain To The Rescue Of Lending

Suppose you are allergic to GMO (genetically modified) foods. And you only purchase apples and tangerines, that are marked “organic”. You pacify yourself by thinking that you are consuming the “good” stuff.

Now, consider a hypothetical scenario. Imagine the fruits that you bought have a QR code, stamped on the box, which in turn lets you see the entire process, right from production, procurement to supply (of course with the details of the entire supply chain process).

If it comes to your attention, that all this while, the fruits which you thought to be “organically” produced, have been tampered with, a dozen times and still labelled organic. Would you still go for them?

It’s funny how we “trust” all centralized intermediary institutions like government bodies, banks, land title companies with our money, assets, documents thinking that the service which we are getting from them is 100% organic and are not “tampered” with.

Blockchain debunks this trust factor. It gives you the power to handle the transaction, transmission and exchange of your money, assets and documents in a peer-to-peer decentralized network. A setup which is virtually impregnable by hackers and malicious parties, and at the same time private, secure and swift.

Eager to know more about the wonderful applications of blockchains? We bet you are! Let’s start with lending. For your information, lending on blockchain is facilitated on a peer-to-peer (P2P) basis. More info on P2P lending in the video below: https://youtu.be/mNT0gZjWchI

Blockchain for lending

The cryptocurrency market has been growing exponentially since it’s inception in 2008. We suggest you cash in on the trend, because the hot cakes of today, will be gold mines of tomorrow! (Click here to know about buying cryptocurrencies) However, if you already have a corpus of crypto funds, you can start lending right away.

Now digital currencies run on their respective blockchains, which ensure that all transactions are recorded in real time and in an appropriate order. Tampering payment information and syphoning off funds is next to impossible for anyone, including the platform itself as mentioned earlier.

Which means you can go about lending your cryptocurrencies, to borrowers locally and globally, privately with speed, security and bare minimal fees. And while all this happens, no one gets to come in between. Isn’t that beautiful?

Like lending, blockchain can prove seminal in simplifying fund and asset management.

Or you can simply choose to purchase our Etherecash token which will be up for sale through our ICO, come October 25th. Developed on the ERC20 blockchain technology with lawyer backed contracts, to make blockchain backed lending and fund management, private and seamless.

Buy our tokens now. Visit Etherecash.io.

Blockchain To The Rescue Of Fund And Asset Management

Read our article on Blockchain To The Rescue Of Lending to get a clearer idea of what happens in lending.

Moment of epiphany, isn’t it? Next time, be reminded of the scenes behind the curtains, when you get on a call with your asset manager.

But you know what, blockchain’s ubiquitous distributed ledger technology can put a rest to this commotion within the financial network. No need for intermediaries to validate financial transactions anymore.

You as the end user, the fund investor can settle all formalities with your respective buy-side firm without middleman intervention. “Smart contracts” can prove very useful in this regard.

Buy our tokens now. Visit Etherecash.io.

Etherecash ICO, Brings Lawyer Backed Financial Functions on the Blockchain

How would you describe financial services today? Border free? Prejudice free? Hassle free?

I didn’t think so. The question is why not? In an age where transparency is practically demanded, then why do we accept anything less, when it comes to our finances and having access to manage them, how and when we want to?

Etherecash ICO is addressing this head on by revolutionizing how we manage and access finance, to bring a decentralized and transparent platform for the three core functions of finance: lending, spending and money transfer. By bringing such services on the blockchain, we can create a more secure, transparent and affordable method of maintaining our finances, while improving accessibility to loans. By delivering a standardized and formalized crypto lending platform that enables lenders and borrowers to connect through a smart contract which will be backed by legal houses worldwide. Connecting Crypto and Fiat currencies in a single platform to enable peer to peer lending backed by crypto.

The lending platform will facilitate lenders to pick the loan type, amount, duration and terms which best suit their needs and appetite for exposure. If you have unutilized funds and want to earn more, Etherecash provides a secure and transparent ecosystem to achieve just this. As the loans are border free and prejudice free, it opens up a wider audience of borrowers, creating new opportunities and greater access to finance. Borrowers and lenders can select mutually beneficial terms which are secured in a smart contract vetted by professional lawyers. The platform promises access to all reports related to transactions on the platform, which can be generated by the user for their jurisdictional tax filing purposes.

Cryptocurrency is known for its volatility and diversity, which is the key reason most investors choose to hold their crypto assets. But what happens when you need Fiat funds instantly? Liquidating your cryptos, is usually the only option, which may not be the most desirable. Not anymore. With Etherecash, you can borrow against your cryptocurrencies, meeting your short term cash flow needs, while retaining your performing crypto assets.

Etherecash will also make crypto remittance quick and easy with the introduction of our multi crypto debit card linked with a speedy money transfer system. Now sending and spending of your cryptos will be simple and instant as you have all your assets in your pocket. Make payments worldwide with minimal fees and no intermediaries slowing down the process. Need local Fiat currencies? Then use our multi crypto debit card for ATM withdrawals in local currency, or payments online and instore.

The Etherecash ecosystem is designed and developed by a highly capable team, where the main platform architects and developers are blockchain experts. The platform focuses mainly on security, speed, and service delivery — a concept well-known among the team members as S3.

If you appreciate transparency, time and money, then you will appreciate the value Etherecash is bringing to the industry. Have confidence in knowing we are supported by legal houses worldwide and we are committed to making this vision a reality.

Buy our tokens now. Visit Etherecash.io.

The Future of Lending is Right Now - Etherecash

Sincere Thank You to All of Our Supporters and Contributors!

Over 45,000 Registrations

Over $30 million has been contributed already

ICO Finishes 12th December at 6:29 PM (GMT)

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And That’s Why IT Experts Globally are Taking the Blockchain Seriously!

Blockchain-Based Trading Platform Backed by Energy Giants

Why the fuss?

Traditional Paperwork Based Systems Are Incompatible with the Speed of Business

Why Giants are Spending Big on Future Technologies

A Massive Collaborative Effort by the Giants of Three Industries is On Board

One Successful Experiment Proves the Need for Further Development

Companies Involved in Cryptocurrency See Skyrocketing Share Prices

A Whopping 394% Increase Driven by Sheer Blockchain Hype

Australia’s Digital X Invests Investment to Fuel Share Growth

Canada’s HIVE Blockchain Technologies Ltd Soars by 4089%

Cryptocurrencies are Much More than Blockchain

The Tech That’s Changing Banking Today

The Major Trends Controlling Technology Investments and Banking

Year of the Chatbot

Acceleration of Technology Transformation in Banks

The Cloud First Strategy Banking

Cashless Environment

More Blockchain

Artificial Intelligence

Final Thoughts

Why the Solution to Mistrust in Banking Isn't Banks

Are Banks Doing Enough to Remedy the Situation?

Banks Are Not All Bad

Banks Fail to See the Need to “Delight” their Customers

Russia’s Approach to Cryptocurrency: What We Think

Russia’s Advancement Over the EEC

Boosting Russia By Preventing Criminal Fund Transfer

What This Means for Cryptocurrencies

Delaware and the Great Blockchain Experiment

The Initiative and the Law

Why Is this Initiative a Timely Action?

Why Delaware and This Initiative Are So Important

What Is the Relevance of Etherecash?

Can​ ​we​ ​Ever​ ​Solve​ ​the​ ​Minority​ ​Lending Problem?

Dissecting the Problem

Is the Solution to the Minority Lending Problem Diversity in Investment Boards?

Millennials and Eliminating Bias through Tech

Blockchain Can Be Both the End and Savior for the Banking World

The Maturation of the Blockchain

Blockchain as the Savior for the Banking World

Implications of Using the Blockchain Technology in the Banking Sector

Become Part of the Revolution

Can we Ever Solve the Minority Lending Problem?