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Etherecash, the secure way to send, spend and lend over the blockchain, has announced its first Etherecash (ECH) token listing on the QRYPTOS exchange, following a fully subscribed crowdfunding event that raised over $40 million, closing its doors to participation a full week ahead of schedule.
Based in Estonia, the peer-to-peer (P2P) lending platform is also in the midst of distributing its tokens, with the third round of distribution scheduled for March 15th, 2018. And now, thanks to the QRYPTOS listing, ECH tokens can be easily bought, sold and traded on the open market.
ECH now live on QRYPTOs
Launched in June 2017, QRYPTOS is a fully digital cryptocurrency trading and exchange portal owned by QUOINE, a major international fintech firm providing next-generation financial services augmented by blockchain. It was the first global company to be awarded an official license as a cryptocurrency exchange by the Japan Financial Services Agency.
Headquartered in Japan, with offices in Vietnam and Singapore, QUOINE has the know-how and the experience, reaching out with a solid network of partners in East and Southeast Asia to deliver the very best in digital finance.
Etherecash proper is on its way
While distribution of the ECH tokens are happening with token sale contributors, the project is now focusing on several immediate priorities, including an expansion of its development team, preparations for alpha and beta testing of its platform, concluding the final touches on its upcoming mobile app, and conducting early testing of its much-anticipated debit card supporting multiple cryptocurrencies.
With its chief aim of enabling access to financial security for millions of people via a comprehensive, adaptable and secure P2P lending system, the Etherecash platform will be the first of its kind to offer lawyer backed smart contracts which ensure that both borrower and lender are covered by legal requirements.
In addition, Etherecash is unique from other P2P models in that all loans will be backed by existing digital assets, allowing cryptocurrency owners to place their digital assets as collateral, borrowing up to 80% of their portfolio value. Essentially, this means that crypto holders no longer need to liquidate assets to obtain funds.
S3 – Speed, Security and Service
By focusing on the most basic of financial services – sending, spending and lending – Etherecash aims to help users maximize the potential of their assets through a full-feature solution that enables direct P2P lending, borderless money transfer and a multi-crypto debit card.
Powered by its native digital token, the ECH token facilitates all transactions on the Etherecash platform, with all service fees payable with ECH, whether it is to issue loans, make loan repayments, transfer money or spent via debit card.
With Etherecash’s blockchain tech and smart contracts, financial services will never be quicker, more secure or more accessible.
To learn more about Etherecash, visit the website and read the whitepaper. Find the developers on Facebook and Twitter, or chat with them on Telegram.
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