Everex Wins RemTECH Award

Announcements, FinTech, Innovation | June 21, 2017 By:

Ethereum-based firm Everex has received special recognition as an innovator in FinTech. The company was honored for “Service Originality” by the remittance-focused RemTECH Awards at the United Nations headquarters in New York City. The event was held on June 15–16 at the Global Forum on Remittances, Investment and Development 2017.

Everex is a company offering cross-border micro-credit services, with all transactions transparent on the blockchain. Powered by the ethereum blockchain, the Everex system allows anyone to store and transfer fiat currencies anywhere in the world for free, while offering micro-loans at competitive rates.

The company has also developed a system for placing national currencies on the blockchain. By doing so, Everex allows people living in cash-based societies to earn a public financial reputation. Everex can then determine micro-loan rates for the historically underserved from the blockchain-based risk assessments.

Everex was one of fifteen companies nominated, nine of which are blockchain-related companies. Everex was the only ethereum-based platform nominated, while other recognized blockchain-based firms mostly used bitcoin, litecoin, or ether for internal transfers.

Other blockchain-based award winners at the event included Airpocket by DigitalX, Bitso, Moneytis and Trulioo. Airpocket won for “Remittances and Financial Inclusion”; Bitso won for “Pioneering Spirit”; Moneytis won “Most Innovative Service”, and Trulioo won “Potential for Growth.”

“We believe what separates Everex is our ability to create a credit history for underserved people, thanks to the ethereum public blockchain, smart contract and decentralized application technology,” said Everex CEO Alexi Lane. “The judges knew about ethereum, and were excited by the ongoing experiments taking place on the network by individual users, small businesses and multinational corporations.”