Everex.io is a Singapore based company that provides microfinancing, trading, and transfer of many fiat currencies all over the world without using a bank account. So, it mainly targets the 2 billion individuals all over the world who doesn't have any bank account. Everex.io is based on the popular cryptocurrency named Ethereum blockchain.
Pros:
1. Global Remittance: Everex. io supports global remittance of fiat currencies. You can transfer the fiat money anywhere in the world within few minutes. The remittance is fully backed by the Ethereum cryptocurrency.
2. Currency Exchange: You can easily exchange the crypto cash provided by the Everex.io for an equivalent amount of the desired currency (like Euro, Dollars etc). You can make the exchange in foreign exchanges, retailers or ATMs.
3. Digital Escrow: This feature helps the users for sending secured payments using a one time PIN. The receiver can claim the money only if the sender reveals the code to them.
4. Everex Wallet: This wallet is used sending and receiving money all over the world. The transfer uses the Ethereum blockchain technology. It is also available as an Android app in the Google play store.
5. Chainy: Everex. Io has created this free tool to create blockchain URLs or AEON links which cannot be replaced. Chainy can also be called as smart contract. It is also used as a public messaging service based on the Ethereum blockchain.
6. Ethplorer: This tool is created by Everex.io for easily viewing the latest information regarding the Ethereum tokens. It shows the live update of the various Ethereum transactions all over the world. Ethplorer is very helpful for the investors to get an idea of the market.
Cons:
1. Everex wallet is available only in Thailand and Myanmar.
2. The Everex.io website does not provide any information about the fees and transfer rates for various cryptocurrencies.
What do you think about Everex?
