Hello everyone I am here to promote a project by the Cryptocurrency Standards Association (CRYPSA) currently undergoing crowd funding. To quote from the indiegogo page:
CRYPSA seeks your help in kick starting a global initiative to standardize transactions and accounting practices for Bitcoin and other cryptocurrencies.
SummaryBitcoin and other cryptocurrencies reduce transaction costs dramatically. They have the potential to save consumers and businesses billions in transaction fees. But digital currency is not ready for everyday business, commerce and consumer transactions. It introduces risk, uncertainty and deniability. Every week, we read about a bankrupt exchange, lost assets, hacking, and other criminal activity. The revolution is tarnished.
The Cryptocurrency Standards Association (CRYPSA) is a member driven organization that is building a trusted and secure transaction environment from the free-wheeling and risky roots of the digital currency revolution. We publish standards, certify practices, train, and build tools that bring trust to modern payment mechanisms. In short, CRYPSA tames the wild west.
We aren’t regulators. Instead, we plan to work with banks, monetary authorities and legislators around the world. Rather than issuing rules, we define safe practices and certify tools and mechanisms that verify compliance with either our own standards or with regional regulations. Compliance is completely voluntary—an option that can be verified by parties to any transaction. We never interfere with freedoms and benefits bestowed by P2P currencies. But we give buyers, sellers, developers and businesses the tools to avoid fraud and assure a contractual exchange without hiring their own Geeks and without commission or bank fees.
Buyer or seller; Business or consumer; Bank or exchange: CRYPSA is on your side. We help identify trustworthy transactions.
There is much more information regarding the project on the crowd funding page, please feel free to donate or spread the word.Crowd funding:
https://www.indiegogo.com/projects/cryptocurrency-standards-association-crypsa#homeOrganization Website:
http://crypsa.org/I am currently helping the organization get the word out, thank you for reading.
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