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What transactions are going to be involved in your "transaction universe"? There should be highlights and data flow diagrams with regards to that I think so that 1. Developers would easily understand how much better and simple it will be and 2. Users would know what transactions would be involved and how easy it will be compared to existing systems.
Well, simple transactions probably, the ones normally applicable to app stores: purchasing apps, in-app purchases, advertising, app development and sale related transactions. There's really not much you can do in the app store, so, I don't think there will be much to discuss unless they will be monetizing even the minor things that you do inside like free trials and writing reviews. The transaction fees that might be applicable or involved in it according to the whitepaper would include the app purchase, in app purchases, advertising fees and hosting fees. |
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There's a boom right now in online mobile gaming like LAN gaming and MMORPGs, will this platform support those kinds of applications or will it be exclusively PWA content?
It would be like playing an online game without installing it, it would be like old online MMORPG possibly, like gaia online, I can't really remember but it doesn't need to be installed, just takes a long time to load. That's just possibility. Not really sure if it's compatible at all. No offline functionality in case. Online games would definitely stay as online games, esp. in the case of RPGs since since that's played because you want to play with others online. There probably won't be offline functions applicable, so, it might not be supported. |
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They can then monetarize these applications in our App Store with margins that are 50% higher than in the App Stores of Apple and Google. The Blockchain guarantees full transparency and security in respect of app sales and reviews. (Don't you mean monetize?)How? This is great since more income for app developers and of course, blockchain guarantees transparency and security. Well of course it would be very great but not really that great yet. Unless PWA advances faster and codes are readily available to dev teams, it won't be easy to create PWA. It's already not easy to create apps for existing app stores. |
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I’ve read that this project will be using PWA. What is Progressive Web Application? and What is the advantage of using it than our traditional app today?
According to the whitepaper, PWA can work online and offline and can be fully functional. Does it mean that even if you don’t have internet access, you can use Yappadappadoo? Most websites today are limited with internet connectivity. Without internet, the website won’t display anything. PWA is a new concept now in web app development. This concept has offline capabilities with improved speed and performance. This will allow users to have access to the pages have already visited. I like the idea of offline capabilities. Because it won't cause any internet data or bandwidth. But What about the pages who have not visited yet? Will it display also the page? If it will not display the page then PWA has no difference in our normal web app today. So, basically, the offline capabilities meant access to pages you have already visited? I think it was extremely helpful with trivago since hotel stays sometimes involves planning. This might be helpful to an online gamer who frequently look for the latest games to install but does research before installing a new one. Offline capabilities mean it can be accessed even if there's no internet connection. The saved cache when it was being accessed for the first time will serve as the "service workers". The application has the full functionality even it is not connected to the internet. You got it right, it has service workers that will do the necessary action to make it available offline... Im just thinking maybe it works also for the million online gamer's around world that they can connect together somehow even without the use of internet, this thing is need to develop for million user of gaming apps... Online games will stay as online games, there is no way around that. Without internet that might be LAN gaming. I think offline games would stay offline and as native apps, with online syncing capabilities since that's the norm. That is a very great idea, an online game with offline capabilities and works like with hybrid features. Though I think the connection without the use of internet is quite impossible. |
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Apple has Xcode, this one has: yappadappadoo-Suite to develop PWA's quickly and economically. We'll find out if it's developer friendly as other app creators. |
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Cryptoriya Project is aiming to be a remittance center like a platform where you can encash your cryptocurrency whenever or wherever you like in the world. Is there any minimum cash out or maximum cash out for those people who are trying to use their platform?
This project does not just aiming to become a global remittance but it will use the economic trend which is cryptocurrency to remit, withdraw and exchange across the borders of the world. I just dont know if CryptoRiya will offer a minimum amount of charges from their user. But in my opinion, it is good if we can set the time interval of remittance to the exact payment in order to make a transaction successful. Conceptually, svendoto has a point there in terms of CryptoRiya wanting to be global (though not directly as remittances) but of an exchange that you can cash-out any (yes any crypotcurrency, in the sense that the currency should be listed in CryptoRiya) cryptocurrency anytime, anywhere. Charges and Fees are always a part of any services such an exchange, and according to CryptoRiya's whitepaper, ATM Withdrawal Fees will be 2% for regular CryptoRiya Debit Cards and 1% for the luxury ones (which will require a KYC). Essentially, they have the good point about CryptoRiya. Svendoto and Jlimao28 had the same point when we look at it. CryptoRiya is a global remittance that uses cryptocurrency to withdraw and exchange with fiat currency. In over 1600 currencies, transaction will become more convenient to the people. We will not depend anymore to the remittances that we have seen locally because CryptoRiya will make a one way remittance center worldwide. That's the greatest thing that we have now we can explore the world of crypto and the amazing part here is we can cash out anytime anywhere in the world using our favorite cryptocurrency. I hope they can offer more features. Are they going to make an MVP platform? There should be a minimum I believe, for maximum, there shouldn't be but I believe there will be for their card users. If it's crypto to bank account or cash, you should be careful since gov't are monitoring those. Unusually big amounts are red flags. Most countries with AML laws are strict with that since large amounts of money going in suddenly to a normal bank account is a big "what's that?" for them. I don't think there should be a minimum for each transaction, but each transaction should be materially reasonable like don't withdraw in cents. |
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as I read in white paper Cryptoriya allowed users to exchange their any crypto curency in real time.
The users can spend or withdraw in the ATM and does not need to maintain a minimum balance.
I must say sounds good, unlike in my country you need to maintain a minumum balance of 2k 5k 10k peso but
if you have no money to maintain this kind of amount and you need the bank for remittance and now your card is closed,
now they have Cryptoriya is the first blockchain offer this to make a new platform an easy access and less effort.
yes this is good features we have here but they maybe will have problem will some regulation in some country cause at this moment not all gov. agree and legally accepted crypto as payment also some of them not support for crypto transaction. cmiiw but after all this idea was kinda great it can cut a lot of rules just like you say Crypto to crypto, no prob, not sure about minimum balance for the card, though. There are disclaimers in the wp of all projects I believe regarding crypto as not being a security investment, and that some countries which ban it are not allowed to participate. However, cash is still legal there, and the card issued is also legal since it's visa or mastercard, so there is a possibility of directly using your card to to purchase probably with equivalent crypto amount in fiat. |
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I've read that KYC is not needed on the platfrom, am I correct? if yes then does it mean that users will have their owned private-key on this platform? crpto-fiat and fiat-crypto is a very good idea nowadays as the crypto sphere is growing rapidly and surely there will be a lot of demands in the near future so I hope you succeed so we people could easily exchange their cryptocurrency anytime and anywhere.
Answers from the WP: One of the most important things of cryptoriya is no KYC needed from our valuable users. It is KYC free, so any user is free to use our services globally.
We use only cold storage for every P2P exchange & wallet transaction, users need to provide 2FA code for the security. The reason is so as the transaction proceeds, our user operation is safe and secure. |
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as I read in white paper Cryptoriya allowed users to exchange their any crypto curency in real time.
The users can spend or withdraw in the ATM and does not need to maintain a minimum balance.
I must say sounds good, unlike in my country you need to maintain a minumum balance of 2k 5k 10k peso but
if you have no money to maintain this kind of amount and you need the bank for remittance and now your card is closed,
now they have Cryptoriya is the first blockchain offer this to make a new platform an easy access and less effort.
Last month, my maintaining balance in my ATM card was gone instantly. I don't know what happened to my balance but I really disappointed in the bank where I withdrawn my money. So, I think remaining balance is not advisable to the ATM holders because banks eat up all our balances. That's the problem that I want to address with CryptoRiya. I want to ensure that I can maintain balances anytime. There's no indication of minimum adb, only monthly fees. There's a possibility that it would work like other cards since it's a visa card, so, the adb might be applied. I think they expect users to keep a high amount in the card since its source of funds is cryptocurrency. |
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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 i have never heard of any mastercard or visa card that did not do their client verification. the banks will never let you just take out money anywhere in the world without them knowing who's taking the money out of their vault, even though its actually your money, they still need to know who you are. Let us see how will CryptoRiya team will resolve that problem in the future. CryptoRiya is different from banks which are centralized. Therefore, let us also believe that KYC process is not anymore big deal to a project that has security and decentralized system. It very feasible even though we need to pass KYC/AML for this project. It's not a big deal with need to follow the rules, Well i guess we need to change our password and create new email address and don't connect it to your own email add. Crypto to cash anywhere without bank it's really possible just like converting it to gold and money. KYC is not just a rule imposed in a project, it is for the safetiness of the people. Because if all people are legitimate user of CryptoRiya, we can guarantee that we are using a service that is safe and secure. We don't need KYC but we need to have assurance that all user of CryptoRiya are legal. To break this ussue with/without KYC People can just fake etheir identity in internet it’s so easy for Cryptoriya to give visa or mastercard without KYC look at Centra they just issue cards without kyc on other investors Thank you for imparting your ideas about KYC and how the system will possibly work without KYC. Please let the information flow. I am monitoring this conversation to be able to understand more about KYC's Pros and Cons. CryptoRiya is a great project that is why I want to know more about how they will make things simple and easy. Criptoriya says we can cash out our money without using of KYC, but this is important, this is to identifying and verifying the client they used this to refer the bank and to anti laundering regulations which governs the activities. So what are you promising to entrust our money to be safe and to avoid this money laundering. You don't need kyc to verify your account all you have to do is to transfer your cryptocurrency to another wallet or turn it to cash. There are countries that are very strict to their Money Laundering that's why we have a platform like this. Cryptoriya won't be doing any laundering stuff. They will have partner banks. With regards to each user's country's AML, that's where the KYC would be needed esp. in crypto2cash transactions, and probably mean that whoever will be their agent partner in that transaction would be the one who'll do KYC. |
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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. |
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Immediate Payment: This is another unique feature that is associated with BIDIUM platform that it enables the transfer of money with the aid of smart contracts that are regulated. There are certain procedures that will aid you to keep the address of the receiver in mind. The BIDIUM ensures the transfer without any problem. This makes the transfer of money a seamless exercise.
This immediate payment is also done through peer to peer payment. Users can pay transactions directly through their wallet with out the need for middleman. More easy and fast, no waiting time needed. And because it is built in blockchain technology, transactions are monitored, it will be monitored in the blocks.
Indeed it is, this was also one of the reasons as to why I was drawn into this project. The thought of not going through that much hassle to pay for services and getting an escrow or middlemen without risking safety of the funds is so satisfying. I really believe that a lot of people does feel the same about this feature of the project. That is most probably why investors will be rushing into this project. Fast and secure payment is one of the biggest problems in many online industries that blockchain and cryptocurrency can solve. Especially in the case of online bidding and freelancing. In bidding, a buyer may default and result in loss for the seller. On the other hand, in freelance, a gig might have been finished and an employer refuses to pay for the service done and result in loss for the freelancer. The creation of smart contracts because of blockchain really helps when it comes to payments and smart contracts really come hand-in-hand with projects related to cryptocurrencies and blockchain. Also, because of those technological advancements, platforms implemented on blockchain are able to offer lower fees since they are able to have less expense as well as better revenue opportunity with creating their own tokens. And it's not just simply decentralized, it's also globally decentralized. It's global, meaning more opportunities for gaining users, especially if the platform made is designed for global users with language support stuff, more users meaning more profit! |
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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. |
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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. |
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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.
There might be KYC i think with CryptoRiya as a user im not sure with it but it is impossible to require kyf in every transactions. When we withdraw cash from our ATM card there is no such hassle of kyc. When we pay with debit card in malls or restaurant we are not being asked with any question, we just give the card and they give us the reciept back. A KYC ( KNOW YOUR CUSTOMER ) is a must with this! they will be dealing with cards and transactions. this will not be legal if there will be no proper documentation before releasing those cards. purchasing and others will not have an identity, receipts are important to have too. I am still reviewing the Whitepaper so that I can understand carefully why KYC is not required. What are their reasons why they don't require it? What are the advantages and disadvantages of having no KYC? And most of all, if it will be widely accepted by the whole world because I believe that this project will be implemented worldwide in the near future. Existing laws don't really require KYCs with regards to cryptocurrencies, banks do. We don't need to provide information to them but if we are to transfer our crypto to a bank account, we need to fill out that part. For the card, they will be issued by visa or mastercard through their partner banks I think. |
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We offer the flexible cryptocurrency exchange option for you where you can
switch the primary mode of payments or exchange with crypto to crypto, crypto
to cash, crypto to bank deposit as well as crypto to the card.
This is the best idea they made.
people can easily convert to anything they want.
the owner/holder are the ones to control anything by themselves.
i like the image of the card, but isn't it too expensive?
25 USD for the regular one and 100 USD for the luxury?
What is the difference between the expensive one and the cheao one? Why is it so expensive since you will not be buying the card and the contents, you will have your own content. It is through this debit card you can cash out everywhere from your cryptocurrency? If they put only one ATM machine in every city then that will not be too convinient for the users and if not all the stores are credited by CryptoRiya card wont be used also. The card can be visa or mastercard, and the expensive one has lower deduction on withdrawal and also has paywave. Through this cards you may transact any cryptocurrency, use it to pay at any store which accepts visa or mastercard. |
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One of the dilemma now for crypto enthusiast , is that cryptocurrency is not yet fully accepted worldwide, this causes difficulty in converting any cryptocurrencies into cash. Now that Cryptoriya is here to offer the first blockchain based technology where users can exchange any cryptocurrency to cash within minutes from anywhere in the world, this is something that all cryptolover and supporters would look be happy to look forward to.
The best part of that is ANY cryptocurrency to cash! The project concept is really the solution for almost every crypto-enthusiast's problems and more: "crypto to crypto, crypto to cash, crypto to bank deposit as well as crypto to the card" and all of those is in ANY cryptocurrency. |
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very nice and cool project.. I checked the MVP . and I can admit that I got inspired. (MVP is not completed. seems it is just a image yet) but the idea catch my mind. but the main thing is how you will make it true..
if this become possible. then I am sure it'll be a great increment for crypto world.
we are paying a lot of fee and charges to all these third parties from which we have to pass during exchanging our cryptos to cash.
This is a really great idea. No more trouble going to banks or other financial institutions just to withdraw your tokens or coins into your own currency. It's a great concept and really is a solution to the inconvenience on cryptocurrency. |
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