Cryptocash (cryptofiat) presents blockchain infrastructure for fiat currencies as a building block asset class and payment gateway for other future asset classes.
It is the convenient new form of national currencies transacted over [Ethereum] blockchain with a few seconds settlement time and no transaction fees for individual users. The technological and system infrastructure presented by Everex includes decentralized clearing and settlement mechanism, whereby participants can engage in primary settlement activities i.e direct exchange of crypto fiat for vanilla fiat (M0,M1,M2) and back, along with issuance, underwriting, and audit protocols. Each cryptocash unit represents and pegged to a single national currency monetary unit with the added symbols EX after standard currency abbreviation. E.g. USDEX, EUREX, GBPEX, CNYEX, JPYEX.
Cryptocash is stored and transacted from user wallets peer to peer without a need for bank account. People from anywhere is the world who send money or pay for services can convert their fiat cash into cryptocash with local exchangers and transfer between private wallets directly.
To check how Cryptocash works sign up for the Everex Transfer online wallet
or for Android users install mobile app
from Google Play store.