The world of cryptocurrency is evolving at a mind-blowing rate, and some people have already managed to make a fortune by trading and making smart investments. However, there’s still one problem left: you can be a Scrooge McDuck in the world of digital currency, and spare not a penny to your name in real life. In other words, converting cryptocurrency into fiat currency is quite a pain in the neck.
Why so? Cryptocurrencies have popped up recently, and despite their popularity, they still don’t hold as much value as real money. There are not so many people ready to buy Bitcoin or altcoins for their hard-earned bucks (with some not even understanding what is cryptocurrency and how it works). The exchange platforms have unbearable fees which don’t encourage users to resort to their services. It goes without mentioning that the existing crypto wallet limit the number of available cryptocurrencies by 3-10 – there’s simply no versatile solution. Hardware wallet is expensive enough (one device can cost around $100) and are still not widespread.
CryptoRiya team has decided to change the situation for the better.
What is CryptoRiya?
The project serves as a versatile exchange platform for different types of conversions:
- tokens to cash;
- tokens to bank cards;
- tokens to tokens;
- tokens to users;
- tokens to other digital currency.
CryptoRiya unites the functionality of several exchange markets providing users with the whole gamut of features and functions.
Key Advantages of CryptoRiya
Why become a member of CryptoRiya right now? Here are some reasons:
- One wallet for all crypto. The blockchain platform integrates all cryptocurrencies (at the moment, it’s allowed to hold 1,600 different tokens simultaneously!). Asset management is a one-click affair.
- P2P communication. The ecosystem supports P2P exchange of cryptocurrency with zero fees.
- CryptoRiya introduces its own card for any cryptocurrency.
- Cold wallet payments make all transactions ultimately secure. You aren’t restricted by location and may trade wherever you get an Internet connection.
- P2E cash-out allows converting crypto into cash without owning a bank account.
- No intermediaries and middlemen which saves time and money.
Use Case – How to Get Cash?
How to have your tokens converted into cash? It’s pretty easy. First, you need to register in the system, select the cryptocurrency you’re going to work with, and your location. Please, note that there are cash limits for every city – you need to check them when entering the amount of cash you want to get. Then you send the deposit amount and wait for confirmation – soon after, you’ll receive the unique 8-digit PIN number and notification via SMS or email. Now you only need to visit the nearest CryptoRiya office and provide the PIN together with transaction number to get the cash.
Technical peculiarities
CryptoRiya is based on Ethereum blockchain and supports ER20 tokens. The project leverages smart contracts for transactions which ensure transparency and safety – no trust issues pop up. Aside from it, the platform is based on the following technologies:
- Hyperledger:
- Node:
- MongoDB;
- Angular JS;
- Android.
Combined together, they power the transactions and make wallet management easier.
CryptoRiya Card – Should I Get It?
Of course, if you want to enjoy the fully-fledged functionality of CryptoRiya project, it’s better to order the proprietary debit card. To get the regular card, you need to provide a few personal credentials without KYC procedure. To apply for a Luxury card, digital KYC procedure will be required. With such card, you’ll be able to withdraw your funds from any ATM with 2% or 1% fee, or pay in brick-and-mortar stores (in 2018, several millions of stores will already support payments made by CryptoRiya VISA card.
ICO details
The ICO starts on July 1st, 2018 and lasts till 14th of August, 2018, and there are already thousands of enthusiasts ready to invest in the project. 1 CIYA token will be worth $0.5 (during the pre-sale, users were given 20% bonus). Good news: you can use any of Top-100 tokens to buy CIYA coins. There is no minimal or maximum personal cap (during pre-sale, minimum investment was equal to 0.1 ETH). The team has already managed to reach the soft cap of 1,500 ETH, and the hard cap of 25,000 ETH is likely to be reached, as well. The funds will be distributed the following way:
Bottom Line
Offering unbeatable conditions and wide functionality, CryptoRiya offers to become a must-have app for all people working with cryptocurrency. This platform is exactly what the crypto community has been lacking for so long. Therefore, if you own tokens and plan to turn your assets into fiat currency, it’s high time to invest right now.
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