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Cashsmiths Innovations Ltd is an example of “(de)centralised finance” with its services built on blockchain technology that does not rely on traditional financial intermediaries.
About
Cashsmiths Innovations Limited is on a mission to make financial opportunities more accessible to more people, by arming them with affordable and easy-to-use financial products and the support they need to create healthy financial habits and reduce financial stress. Through our mobile app, Cashsmiths offers customers a more streamlined way to pay for the things they want to buy with no minimum balance requirement or monthly account fees, and tech-first features to help people manage and spend their money more easily. With Cashsmiths, everything takes place in real-time and within a completely secure digital mobile-only environment.
Key Benefits
Cashsmiths Innovations Ltd is an example of “(de)centralised finance” with its services built on blockchain technology that does not rely on traditional financial intermediaries such as banks, brokerages, exchanges, or card schemes to offer financial products and services to consumers and businesses alike. Instead, all Cashsmiths transactions are executed automatically through smart contracts on Cashsmiths private permissioned blockchains. For retailers, Cashsmiths offers a payments-as-a-service platform that enables instantaneous, consumer-to-business payments as easily as sending a text, with our services provided free-to-all at the point of sale, whether shopping in-store or online.
Applications
Retail payments are typically payments between consumers, businesses, and public authorities. They can be everyday consumer transactions, but also include, for example, salary and tax payments made by businesses. The most common means of payment in the UK are payment cards, credit transfers, direct debits and cash. Cashsmiths offers a new form of British Pound - (3) digital money, that is accessible to individuals, households, businesses, and other stakeholders and which provides all participants with the ability to perform low-cost, real-time payments, with or without a bank, and with the confidence of reserves held at the Bank of England.