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Introducing Cashaa

Cashaa is a unique platform designed to empower businesses and individuals, enabling them to participate in the global economy and transform their communities through open architecture. The blockchain and crypto community has faced challenges accessing traditional financial institutions due to anti-money laundering (AML) and compliance issues.

Cashaa aims to provide an efficient alternative to the current payments and banking system. Their mission is to bank the unbanked and facilitate the easy adoption of future money. In addition, Cashaa is driving digital innovation by introducing Cashaa SDK and Open API, embracing decentralization.

Cashaa's Key Features

Although blockchain technology was initially developed to solve coordination and synchronization problems among network participants, its adoption has posed challenges for "real users." Existing blockchain solutions do not meet the workflow needs of small and medium-sized enterprises.

For Banks & Financial Institutions

• Traditional rail infrastructure that requires significant processing efforts to move money, with isolated information between industry players.
• Lack of knowledge and understanding of digital assets within the existing banking industry, leading to resistance to revolutionary technologies like Bitcoin.
• Inadequate infrastructure to support crypto transactions, as the centralized banking system struggles to adapt to decentralized assets.
• No AML and Compliance API for crypto transactions, as the existing banking system was designed to monitor national currency transactions.

For Business and Personal Users

Business and personal users face challenges due to the lack of a crypto-friendly banking system. Uncertainty in the framework, infrastructure, and resistance from traditional banks contribute to this issue.

Additional challenges include accounting and auditing problems, as the use of multiple unidentified addresses and accounts becomes a nightmare for legitimate businesses and individuals. The security of digital assets is also a concern, as mismanagement of cryptographic tokens can have irreversible consequences. Furthermore, there is a need for a bridge to facilitate the convertibility of digital assets between traditional and cryptographic money systems.