Everex Advances in transportation, mass migration, the rise of the Internet and mobile devices as well as the rise of multinational corporations drive globalization and cross-border integration . Nevertheless, sending money across international borders is still complicated and expensive, with charges per transaction averaging 7.45% . Existing remittance- and transfer systems suffer from long lines, waiting times, exchange-rate losses,
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The main-component that enables the Everex capital transfer system is Cryptocash, a fiat-pegged fully reserved stablecoin issued by a decentralized and federated network of cash custodians and underwriters. Cryptocurrencies pegged by fiat currencies, such as Everex’s Cryptocash, are commonly referred to as stablecoins. The idea of a stablecoin is based on the assumption that low purchasing power volatility is the main driver behind mainstream demand for a cryptocurrency . Cryptocash units have its value pegged to, and a name based on, the fiat currency it represents.
Micro Lending Running Case
Given the absence of traditional sources of funding provided by banks, the task of acquiring a loan, or getting access to capital for unbanked individuals and entrepreneurs is difficult . Micro lending is an alternative to traditional financing  and describes the practice of granting small loans to individuals, entrepreneurs, or small and medium-sized enterprises.
Related Work and Supplementary Literature
BTCJam9 further extends the online micro lending universe using cryptocurrencies . Cryptocurrencies rely on public distributed ledgers, called blockchain, that record transactions without requiring a trusted central authority and instead, rely on a global consensus.
Top-Level AOM Goal Model
The value proposition, provide blockchain-based micro-finance services, of the Everex system is depicted as the root of the AOM goal model in Figure 4. The split the complex value proposition into three sub-goals representing the three main services of the system: Lending-, payment- and remittance services. These goals are further refined and explained in Section 3.2.
Capital Transfer System Architecture
This section focuses on deriving the abstract business architecture of the Everex capital transfer system from the AOM goal model and the requirements of Section 3. They deploy a service-oriented architecture (SOA) approach, with well-defined and self-contained components that provide a specified set of services .
Alexander Kakunov CTO & CO-FOUNDER
Jean-Baptiste Decorzent INCLUSIVE FINANCE DIRECTOR
Anastasia Khizhnyakova MARKETING
Jacquiline Romorosa BUSINESS ANALYST
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