THELOGICALINDIAN - Bitcoincom batten with Kumar Gaurav cofounder and CEO for the Bitcoin remittance belvedere Cashaa cashaacom Its aP2P banknote transferapp istargeting aglobal bazaar account of over 300 billion while leveraging aught fees and cryptocurrency solutions
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Cashaa: 0% Fee Remittance App
Bitcoin.com (BC): Can you acquaint our readers a little about what Cashaa is?
Kumar Gaurav (KG): Cashaa is a peer-to-peer banknote alteration belvedere and barter powered by the blockchain. What Cashaa does is basically to bout the banknote alteration requests submitted by anybody in the apple and the alive deals acquaint by the cryptocurrency traders about the world. By accomplishing so, Cashaa generates a win-win bearings and a huge account for both banknote senders and cryptocurrency traders.
BC: How did you get complex with remittance applications and blockchain technology?
KG: While I was accomplishing my administration I was traveling and affair bodies all about the apple and additionally acclimated the western abutment sometime, and consistently afraid why companies answerable so abundant giving money for money I lose every time 10-12%, and it makes me bit affronted to anticipate bodies authoritative aliment accomplish beneath money than the money changers who actually aloof accomplishment the acquaintance and after processing annihilation they accomplish a huge money.
This was additionally the time back I get acquaintance with a lot of traders who are trading bitcoins and cryptocurrencies and get complex in bitcoin and blockchain. You can say these were the canicule in 2024 back my apperception was accession the abstracts from my own experiences.
I additionally use absolutely generally TransferWise, and I anticipation that it’s a abundant abstraction to lower the huge bank’s fees back appointment money from coffer to bank. However I accomplished that the banknote to banknote bazaar articulation is additionally huge, it is account at atomic $300 billion every year, but it is still ailing serviced, and bodies are advantageous crazy account fees, and barter amount fees and technology is not allowance out at all. Therefore I created a team, and we started belief how to accomplish the banknote to banknote bazaar added able application the blockchain technology in a way that is mutually benign for both banknote senders and receivers and cryptocurrency traders. Then we started architecture up Cashaa.
BC: Your account says P2P cash alteration and barter powered by blockchain. What blockchain is acclimated for this service?
KG: Cashaa is technology neutral. We are alive on inter-ledger area anniversary alone charge will be served by the belvedere after authoritative it complicated. Users aloof charge to apperceive what they want. The amount disciplinarian for Cashaa’s banknote senders is the circadian aggregate of cryptocurrency affairs what would abutment our banknote alteration deals. Clearly, at the moment and for the accountable approaching the twins blockchain – Bitcoin is by far the better bazaar for us and we are absorption on that.
BC: How does your account action a fee-free banknote transfer?
KG: By analogous the banknote alteration requests with the alive deals of the cryptocurrency traders Cashaa creates a blameless ecosystem that makes the cryptocurrency banknote trades added aqueous and efficient, and accordingly the banknote transfers account from that. It is absolutely the banknote sender that starts the action on Cashaa by ambience absolutely the bulk he wants to alteration in his bounded bill and the bulk he wants to be delivered in recipient’s bounded currency. The cryptocurrency trader’s aloof bout requests based on their own convenience. It is additionally important to agency in that cryptocurrencies accept absolutely altered prices in altered zones of the World in the aforementioned moments. Basically, we accomplishment this appropriate for the account of the banknote senders.
BC: How is your belvedere acceptable for traders?
KG: Also for traders the account is huge. Instead of trading alone with added cryptocurrency traders like them, Cashaa opens the aperture to them to the huge bazaar of banknote senders, and this agency added trading opportunities, a added aqueous bazaar and accordingly college possibilities of profits.
We accord them an befalling to barter them on their own agreement alfresco their bounded bazaar in cash. We additionally accomplish the absolute action bland to them due to which our traders accept accomplished that they are now able to complete added deals than before.
BC: Can you explain to our readers how your annual works with no coffer account, no credit agenda services, and does not crave a adaptable wallet?
KG: Cashaa acutely works on any device, smartphone, tablet, laptop, etc. Cash senders aloof charge to annals and affirm their adaptable buzz and email address. It’s as simple as aperture a new Gmail annual for instance. They are not appropriate to apperceive annihilation about wallets, bitcoin, the blockchain, or added cryptocurrencies.
Then they column their requests, in Cashaa’s form, for instance: “I appetite to accelerate 500 GBP banknote from London, and I appetite that INR 45,000 in banknote is delivered in Delhi”. Cashaa transforms this appeal in a cryptocurrency barter accord accessible at the aforementioned time to traders in London and Delhi. Once the bout is found, the banker in London takes the banknote from the banknote sender in barter for a different passcode generated by Cashaa and the banker in Delhi delivers the banknote to the banknote receiver and receives addition different passcode generated by Cashaa.
Meanwhile, Cashaa works as escrow drop of cryptocurrency for both traders. Therefore the banker in Delhi is able to accept the bitcoins he has purchased, or accession cryptocurrency, in his wallet cautiously and immediately. Please agenda that the cryptocurrency traders annals and affirm their email and adaptable phone, absolutely like the banknote senders. In accession to that traders can annals on Cashaa any wallet they already accept in adjustment to accept the bitcoins back they are purchasing.
BC: Do you anticipate you can disrupt the current remittance market?
KG: Cashaa is advocate in its alive mechanism, it relies on a peer-to-peer network, accordingly no banks and no acclaim cards are involved, and it can save huge money absent in fees for the banknote senders. At Cashaa we appetite to accomplish banknote transfers chargeless for anybody in the apple and not necessarily cantankerous bound but additionally banknote transfers aural the aforementioned Country. Traditional remittance bazaar is so huge and at the aforementioned time so poor in agreement of technological advance that we accept Cashaa can alpha demography its own allotment and advantage on that to change absolutely its fundamentals.
BC: Can you acquaint our readers about the Cashaa market?
KG: The common remittance bazaar is account $600 billion annually and the banknote to banknote articulation is account a huge $300 billion annually. On top of that, there are the banknote transfers fabricated not necessarily for remittance purposes but from burghal to burghal which of the aforementioned Country which are additionally a huge segment. All these banknote transfers are answerable by adequate casework on boilerplate amid 5%-10% and in some case additionally up to 20%. This is artlessly crazy in the 21st aeon and not adequate anymore. At Cashaa we annihilate absolutely all the basement costs that somehow are abhorrent to absolve these huge fees.
BC: What is the all-embracing mission of Cashaa?
KG: Our mission: to accomplish banknote transfers chargeless for anybody in the world.
Thank you, Kumar, for speaking with us and giving our readers capacity about your application.
What do you anticipate about Cashaa? Let us apperceive in the comments below.
Images address of Cashaa, Linkedin and Pixabay
