CryptoRiya - Crypto to Cash Anywhere Without any Bank

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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