Everex builds the first transparent microfinance platform based on fiat pegged, fully reserved stable coin Ethereum smart contracts. We offer cross-border (micro)lending, remittances, merchant payments and currency exchange, targeting over 750M underbanked population in South East Asia and then to 2B globally. Our customers include migrant workers, SMEs, tourists and non-profit orgs. On B2B side we offer technology licensing and blockchain consulting.
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. Cryptocash can be redeemed at will and hence it is value-pegged to its fiat counterpart.
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. Everex remittance services are offered at highly competitive rates and easily outcompete those of credit cards and bank transfers, and hence they present vendors and service providers with enormous incentives to join the network.