At this moment, i will tell you about an innovative project. It called CryptoRiya, it aim is to make any crypto-currency usable in daily life & getting cash from any crypto-currency within minutes around the world which will make any crypto-currency genuinely efficient, transparent, and reliable.
For example : If you have a lot of bills in your pocket, you are a rich man. But what does it mean when you have tokens for the same amount in a crypto? It's the same if you use CryptoRiya !
Very interesting is the system of instant cash withdrawal, which is offered by CryptoRiya developers. We have already seen such things when we talked about platforms that are intended for banking services to the population, which is not able to visit the physical branches of banks. It is noteworthy how this system can work to output crypto currency into the cache.
And so, in order to make a withdrawal of funds, you, for starters, will need to launch one of the platform products - a mobile, or a web-based version of the application. Further, you ship to the deposit account of the platform that part of the crypto-currency that you want to exchange for Fiat. After the platform is satisfied that the operation was successful, it will give you one-time password, which will become the key to the conversion.
One-time password is a one-time password that is used for a particular case. With them, you have long known, since they are the true embodiment of two-factor authentication. For example, when you log into your Google account, you are forced not only to enter your login and password, but also to confirm your request using the code received via SMS - this is OTP.
In banks, too, use a unique system of one-time passwords. For example, a user of an important account or cell receives a set of passwords that he must use for each particular access event in a strictly defined sequence. This is done so that your password can not be viewed, or obtained with the help of a different method of fraud, because each time you have a new password and only you will know it.
Approximately the same thing happens in the CryptoRiya system. When you send the amount to the escrow account to receive money later, you get a one-time cash withdrawal code that is meant for reading to the agent.
The agent is a unique member of the ecosystem of CryptoRiya, which provides withdrawal services, for which he receives a reward. When a user wants to withdraw funds, the system looks for the agent that is closest to him and sends him a request for withdrawal. If the agent agrees, then the user can schedule a meeting at any convenient time - from this point on they work directly with the agent.
Having received a one-time code, the agent checks to see if such an operation is valid, and whether it receives its tokens. If everything is normal, then it gives the user an amount equivalent to the one that was reserved on the platform and both parties confirm the transaction. And now, after several minutes of the meeting, the money that was in the crypto currency is already in your pocket.
At what, there are no additional commissions. Moreover, you do not need to send currency to third-party services - everything can be done in the CryptoRiya system.
Yes, we are from the generation that still considers plastic cards an advantage. But this attachment is easy to explain - the card opens up new opportunities. Imagine that you are the same crypt-valued millionaire, but what is the point, if you can not spend a penny of that money at the time when it is necessary?
Therefore, the crypto-currency card is the favorite in this case, and CryptoRiya decided to provide them to its users. How does it work? Very simple. When you decide to go shopping, all you have to do is find a trade point where you can pay by using a POS terminal (that is, almost everywhere). At the moment when you conduct a card near the terminal, he contacts the partner bank CryptoRiya, which makes a request to the platform about whether the user has enough funds for this purchase.
If the amount corresponds, the bank confirms the payment, after which it receives the right to its account an equivalent amount of money from the user's wallet. It turns out that the purchase for a crypto-currency card is no different from the one that was carried out on your ordinary fiat "plastic"
This concludes our review of the CryptoRiya platform. We hope that she will be able to build a connection between all the crypto-currencies and the rest of the finances. Because only in this way, we will be able to provide a real crypto-currency future!
Please follow below links for more infor regarding CryptoRiya:
Website | Whitepaper | Twitter | Telegram | Blog
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Bitcoin Talk username : maniak kemsut
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