Can you buy fruits and vegetables at a local grocery store using bitcoins? Will someone accept if you pay Litecoins for the parking fee? No. Even though more merchants and sellers have started accepting cryptocurrencies as payments, all those transactions can be done only online. Of course, some local shops may accept crypto payments using POS machines. However, you need a VISA/Master card for using that option. And, most of the exchanges don’t offer a free ATM/VISA card for the withdrawal of your cryptos. So, definitely, you need cash for making this kind of offline purchases at your local stores.
Most of the cryptocurrency exchanges don’t provide instant conversion of your coins to cash. Based on the chosen payment method, it may take 1-3 business days to see the money in your bank account. Plus, you need to pay a fee for the withdrawal to your debit card, bank account or another payment method. That’s why most of the people are considering the cryptocurrencies as an investment option but not in their daily living. If it is not possible to use the bitcoins and other cryptocurrencies on our everyday life, then it will remain as a black box only and will not be considered as an alternative to fiat currency.
If the crypto world wishes to enter the real world, then there should be an easier and quicker option to convert the bitcoins/altcoins to fiat currencies. Currently, there is a small P2P exchange named “LocalBitcoins” which allows the users to convert bitcoins to cash. However, it supports only bitcoins. Do you know? More than 1500+ cryptocurrencies have been launched to date. And, there is no exchange in the world which supports the trading of all the cryptocurrencies.
Cryptoriya aims to bring a revolution in the crypto world by launching a P2P and P2E exchange which allows the users located anywhere in the world to convert any type of cryptocurrency to cash instantly without paying any conversion fees. By using Cryptoriya, you can do any of the following transactions:
- Convert one cryptocurrency to another (e.g. BTC to ETH)
- Withdraw cryptocurrency to a debit card, bank account or other payment cards
- Withdraw cryptocurrency to any type of wallet
Read more at https://www.cryptoriya.io/whitepaper.pdf.
How does the instant withdrawal work? To instantly convert the cryptocurrency to cash, first, the user needs to visit the Cryptoriya website/app. Next, the user has to select the country & city in which they are located so that they can withdraw the cash in person. Then, they need to enter the amount they wish to exchange and send the cryptocurrency to the given address. Once the platform receives the deposit, the user will be shown a unique 8-digit code. Finally, the user has to the visit the nearest cash point location and receive the cash by providing the unique code to the Cryptoriya agent. That’s it. Thus, the user can convert any type of cryptocurrency to cash easily. Sounds interesting? Check out our Website to learn more information about Cryptoriya.
Btt profile: https://bitcointalk.org/index.php?action=profile;u=1226809
Wallet: 0x2F0Ab0df21b0349498b651fcCF6AaD832ebc8Ae7