Post
Topic
Board Announcements (Altcoins)
Re: ⚡[ANN]⚡CryptoRiya 💰 Crypto to Cash Anywhere Without any Bank 🗼 Join PreSale 🗼
by
nkrypt
on 23/05/2018, 06:06:03 UTC
I understand the convenience of being able to convert right away your coins/tokens into cash. But since you are being connected to fiat money. government rules and regulations should apply. To be fully operational, each government in every country needs KYC for every customer. So if you are going to be KYC free, then I doubt that the government will allow you to proceed with your project.

This question really caught my attention. That I am waiting also for an answer to this interesting question. We really need to clarify things to be able to fully support this project. Though, this is really a great and promising project for everyone in terms of converting our cryptocurrency. We also want to know if it is really feasible especially now that the government closely monitoring the crypto industry.

They don’t need a kyc once you have a visa or mastercard you can just swipe it anywhere. They just need to operate on a country that doesn’t mind cryptocurrency. Also having visa and mastercard id an international thing. Government doesn’t have the rights to block those people that will have Cryptoriya master or visa card. Visa and mastercard is good as cash in almost all atm branches around the world

They don't need KYC for their users to be able to convert your crypto into cash because they have an offshore bank. Cryptoriya will be having an Offshore bank. Once you convert your token, cryptoriya's offshore bank account will transfer then the fiat money directly on your bank account. That's how I understand the process.

the process seems so simple but the actual cashing out from your cryptocurrency is still blurry for me. because right now, to get your money in fiat, you really need to present valid IDs to get your cash in any part of the world. so realising their mission is lil bit tough.
They will probably be partnering with an agent company available worldwide. Cryptoriya won't need KYC but depending on each country, most of them would require you to fill out your information and show a valid ID due to AML laws. Also, you might need to check on your AML laws to make sure that you can actually receive the amount and not get your money held by them.

That is right, well for me getting the information or the KYC is for a good purposes then, especially if you are holding a big amount of money, as we know that cryptocurrency now is easily hack and there are many fishing site out there, so we need to transfer it on our atm card for us to be safe.
does it mean this project will be one of the largest exchange systems because it can convert to all the currencies of each country (sorry if my understanding is wrong)? with a more easily understood system I think this project will be easy to attract investors to join

That's the potential of this project. If it can really give convenience to cryptocurrency users all over the world, there's a possibility of massive patronage. They, cryptoriya, won't be doing KYC, the agent company will.

I am looking forward to this to happen. Imagine how easy for us to do transactions by using only the debit card with multiple token/coins in it.  Easy to convert and easy to use. I hope everything blurry to others will be given answers in no time. I will following the progress of this great project. Let us see how this project will rock the Crypto world.
Lot of things to wait. I could travel around the world without cash but using cyptocurrency is a mass for me. I will be able to trade it to my friends in abroad, But i prefer to pay crypto in any store out there.
You're right, it is amazing that having a card for crypto currency and can withdraw any time we want, how big is the help on us by this strategy of CryptoRiya's platform let us all give a support to this project to make success because we are all benefited from this project.
Imagine a world where everyone just uses those cryptoriya visa cards. Everyone will be paywaving their way all through out the world! hahaha It's a lot more convenient that way.