Everex is creating a Global, Inclusive Economy with Blockchain-Powered Microfinance and Remittance Services. The company focus its products to four main targets. The Un- and Underbanked, more than 2 billion individuals without a bank account which traditional banking is not able to service because of the high costs, Everex provides immediate access to microfinancing services and cheap, global remittance services. On the other hand we have migrant workers and their families, which have to pay leonine fees to normal remittances companies. Everex provides the fastest, cheapest, and easiest way for migrant workers to send money home and sustain their families. Another very interesting service is provide is focused to tourists and expats who are moving in different countries and need to cashout in different currencies. Thanks to Everex, instead of obtaining traveler checks, or paying excessive conversion fees, visitors in foreign countries can buy and use any currency, anywhere in the world. And finally, Everex Aid Organizations, NGOs and Governments by streamlining relief and foreign aid programs, allowing the easy and publicly auditable distribution of funds to developing countries.
How it works Blockchain-Powered Microfinance and Remittance Services top up funds
- Everex invests aggregated Capital to provide microcredit services, accessible globally and instantaneously on Mobile devices. - Everex calculates personal credit scores and determines risk and interest rates on the basis of individual user information and behaviour. This allows us to lend to billions of individuals who cannot access microcredit services through traditional channels. - Everex transactions are settled on the basis of 100%-backed, Ethereum-based Cryptocash currencies. For every Cryptocash dollar, one US dollar is held in a publically viewable third-party escrow. - Everex builds a global network of partners and vendors that accept Everex transactions as payment, while functioning as cash-out stations at which Cryptocash can be redeemed against fiat currency.
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