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. 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. So what do think? Is it just a matter of time before Amazon starts accepting?
NewsBTC's Chief Editor, Yashu Gola interviews Etherecash COO Miguel Aguirre where Miguel talks about Etherecash P2P lending platform, explains how it works and how it differs from the rest https://www.youtube.com/watch?v=B7BV3i9TTVw&feature=youtu.be
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. Cryptocurrency, thanks to its naturally unbiased nature, may very well end the minority lending problem.
Project name：Etherecash Token abbreviation：ECH ICO supply：144 M Total supply：360 M Accept currency ：BTC, ETH, ICO Round：Early Adopter Sale ICO start time：15th November, 2017 at 2:30PM (GMT+2) ICO end time： 19th December, 2017 Website: https://www.etherecash.io/ Whitepaper: https://www.etherecash.io/whitepaper/ Where to buy: https://www.etherecash.io/ Description: Etherecash is a three prong financial platform enabling peer to peer lending, global money transfer and a multi-crypto debit card, which allows it’s users to maximise the potential of their assets and leverage cryptocurrency to secure fiat loans. The platform uses lawyer-backed smart contracts and blockchain technology to offer full transparency and security for its users. The Etherecash platform is a complete ecosystem to bring speed, security and reliability in the way we lend, send and spend. Facebook: https://www.facebook.com/EtherecashICO/ Linkedin: https://www.linkedin.com/company/27027922/ Twitter: https://twitter.com/Etherecash1 Youtube: https://www.youtube.com/channel/UC7hLNgfnW5Cz2_IYNQhPc7g/videos Telegram: https://t.me/etherecashech ICO Starts 15th November
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. 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! 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. At the moment there are not much ideas how to apply on practice blockchain advantage in lending process. In our opinion, our solution is the best Purchase our Etherecash token through our ICO starting October 25th 2017. Developed on the ERC20 blockchain technology with lawyer backed contracts, to make blockchain-backed lending and fund management, private and seamless. White Paper V1.0.pdf
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 Bonus for investors Escrow, and Refunds Credible developer or not? 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.White Paper V1.0.pdf
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 Bonus for investors Escrow, and Refunds Credible developer or not?
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 inSpoilerGoing for “X” factor projectsWhile 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 investorsAnother 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 RefundsAnother 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.+
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.
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? Buy our tokens at: Etherecash.io Follow us on Twitter, Facebook and Youtube for more updates on Etherecash.
Etherecash is a peer-to-peer lending platform connecting crypto and fiat currencies.
The purpose of the Etherecash is to ‘bridge the gap’ between those with access to finance and those without, eliminating borders, intermediaries and prejudices.
We want to revolutionize the 3 core functions of finance.
Etherecash lets you lend, send and spend money in a safe and transparent way.
Etherecash allows you:
Lend to borrowers internationally with Border Free Loans.
Get higher returns than typical bank deposits.
Borrow 70-80% of crypto value, without needing to liquidate your assets.
Etherecash money transfer involves:
Make payments on the go
Secure and private
With Etherecash you can put multiple currencies on a single debit card and use it like a normal debit card for:
With Etherecash you get:
Assets secured by smart contract
Instant transfers with low fees
Etherecash accepted: BTC or ETH.
Total supply: 360,000,000
Visit our website:
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 Front Row Seat to History Future Growth Transparency Exclusive Benefits Read more...
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?
Well, let’s look into the 5 most important reasons for using it to make payments:
1. 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
2. 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.
3. 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.
4. 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.
5. 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.