Everex to Enable Mobile Blockchain-Powered Microfinance via Ethereum

Tuesday, May 30, 2017

​Everex ​, a blockchain company developing Ethereum applications, has announced that it is expanding its operations towards global, blockchain-enabled microcredit and fiat remittance services.

Everex mobile fiat transactions are based on the company’s already existing Cryptocash service and its mobile Ethereum wallet. Cryptocash is an Ethereum ERC20 token family, pegged to fiat currencies and tradable on the Everex Wallet​, as well as on third-party applications and exchanges.

With the new product launch, Cryptocash will be redeemable against its fiat counterpart at ATMs, currency exchanger, and mobile service providers worldwide.

Source: Finance Magnates (link opens in a new window)

financial inclusion, microfinance