Alexi Lane, CEO and Founder of Everex, connected with 30SecondsToFly from his headquarters in Bangkok, just days after completing a successful ICO, to discuss revolutionizing the financial services industry.

30STF spoke with Lane about creating borderless transactions for everyone, including some game-changing benefits for international business travelers.

Everex stands for “Everything Exchangeable.” It’s the only service that allows you to store multiple currencies and multiple assets on your mobile wallet. With Blockchain technology, Everex removes financial institutions from the equation by simplifying the money exchanges to a peer to peer level. There’s no centralized custodian that controls your money. Instead, there are digital nodes around the globe that keep an eye on it.

when is the tokensale end?? i'm joining some bounty programs that shared on medium and i don't know when the bounty finished??

EVEREX is a young technology startup in the block chain space with both a team and a business-model uniquely qualified to answer some of the challenges of international microfinancing.

What are our common goals?

Improving infrastructure and making services cheaper, faster, and easier to use are core facets of improving quality of life for people on a global scale.

Everex, the BSIC, the United Nations, and other NGOs and government organizations alike are directing resources towards resolving global financial inclusion, leading the way towards eliminating poverty with mobile technology, internet availability, financial inclusion through international payment networks, and access to basic necessities made available through industrial improvements.

Blockchain technology is augmenting interactions and international payments by making the underlying processes cheaper and more efficient. BSIC is seeking other aspects of global involvement that blockchain can disrupt for a positive on the global economy.

Everex is a revolutionary crypto project to reckon with. Good project + Great team = Success. Financial inclusive world is achievable. Go, Everex go! Best of luck to Alexi Lane and his outstanding team of professionals.

The key theme of Everex is financial inclusion. Access to microfinance is crucial for developing countries. The rates that seem quite high by Western standards are outright prohibitive for third world inhabitants.

SG, November 23, 2016 at 14:13 BST


Over 100 migrant workers transferred money instantly over blockchain to their homes in Myanmar in the last months. It marks a successful pilot test for Everex, a company aiming to give financial access to the world’s huge “Bottom of the Pyramid” (BOP) population. Overall, average transaction took less than a minute and recorded savings of over 7% in remittance cost and currency exchange rates. Everex essentially hands the power to send any amount of money fast and cheap around the world to individual users, wherever they live.

The test is just a small start, but has major significance.

Over 850,000 Thai baht (around $24,000 USD) were transferred using the Everex wallet, a mobile and web based app that sends digitized national currencies using Ethereum blockchain.

With over 500 signed users, mainly in Thailand, the Everex wallet is capable of transferring any custom digital asset over the Ethereum blockchain.

Sending and currency conversion both happened in less than a minute and incurred no transaction fees.

Although the test recipients used Myanmar money-changers to switch from CryptoCash back to physical cash, no centralized entity performed the actual remittance. This cuts time and costs dramatically, since the transmission process was automated with programmable smart contracts on Ethereum

This means powerful financial tools, which have always been the proprietary domain of large financial institutions, are now available to ordinary people everywhere.

Not Reinventing the Wheel, Just Making Them Smoother

Everex understands the value of national currencies and existing financial networks. Unlike some blockchain projects, it's not trying to replace them completely -- the aim is to make them better.

In this world, there's still an important role for banks and other financial players to store the "real money" that backs up "CryptoCash" and to keep its value stable.

Technology to Replace Ad-Hoc Trust Networks

Estimates say there are between two and five million Myanmar citizens now living in Thailand.

In fact, it's possible as much as 10% of the country's 51 million population lives overseas -- though the exact number is uncertain. The largest number lives in Thailand, with the rest spread throughout the rest of Asia.

This Economist article of two years ago highlights how mistrust in existing remittance and financial networks meant Myanmar workers sent most of their money home via informal channels.

A trust-based cash system called hundi -- similar to the hawala remittance networks of the Islamic world -- served their needs. These systems have little transparency and often hide a mountain of extra charges in unfavorable FX rates and conversions, even if rates appear low on the surface.

But the story highlights how, if people cannot use or trust existing financial systems, they'll find a way to route around them. That’s where Everex comes in -- transparent and requiring far fewer human intermediaries.

Everex offers the best of all these worlds. Transfers and conversions are based on the global Ethereum smart contracts network -- utilizing the latest in blockchain technology.

Everex is defintely doing great in decentralized financial system. The proof is they have beta ready before they even listed on bitcointalk. Important thing now is to spread and create more awareness in masses to help in adaptability.

Humaniq, Trustcoin and now Everex. I don't believe the space is matured enough for discentralised Babking system especially in Asia and Africa that most of these projects always target

At Finwise, where talent from around the world gathered to discuss the future of payments in China, more than 70 industry experts, 200 investing companies, and 80 media outlets were on hand.
More than 50 FinTech and blockchain startups presented at the summit. On July 30th, Everex hosted a meet-up, where we discussed our plans, vision, and business model.

Could you in the bounty table change my profile. I was inattentive and wrote instead DenysM DenesM. It seems to me that your calculations are not correct. Because I'm doing everything right, and I'm given such a small reward. Could you check and tell me why such a small reward to me?

The Blockchain for Social Impact Coalition (BSIC) aims to incubate, develop, and implement blockchain solutions that are investable, scalable, and replicable, while solving social and environmental problems. It has been established to leverage the power of the Ethereum blockchain for social impact.

“ConsenSys is forming a blockchain-based coalition to provide infrastructure to the United Nations Sustainable Development Goals (SDGs), and Everex will be working right alongside the blockchain software company,” Everex said in a blog post. “Everex has partnered with the BSIC coalition to affect positive change.”

Any info about ICO? Are tokens based on ETH?

Thank you for your questions. I'll be happy to answer as I'm sure more readers would like to know the same

1... how you will evaluate the credit score of these more than 2 billion individuals without a bank account?

we use 2 main data feeds. 1) Transaction records from remittance and payments made within our wallet, which is publicly accessible from Ethereum via our Ethplorer.io blockchain reader, filtered by specific cryptocash currency symbol, e.g. THBEX, and 2) smartphone data, from the model to the information that user allows to access when installing the app. Those two feeds have quite a number of metric points that we analyze to make lending decision. Also, once first loan is paid, the credit line increases, and so forth. This allows underbanked to build own credit history on public transparent blockchain.

2. And how can they access your microcredit services if some of them don't own smartphones?

There are enough users who have smartphones, even in developing countries, and we focus our offer to them. The cost of basic Android phone is going down year by year, and if not next year but in 3 years most of the users will have ability to get a smartphone. Some users may share one smartphone between them, like some of our customers in Myanmar do.
Thank you.