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).
CryptoRiya's concept of crypto to cash anywhere is really great. I think it will boost the value of cryptocurrency more. However, I do hope that the charges or fees will be minimal as it will be too burdensome if I will be charge every transaction. As such I might as well withdraw a bigger amount of money for my use.
Yes, it is great! Imagine that you have your crypto in your card and anytime you want it to be converted to cash, it is possible. What a convenience! I am looking forward also for lesser fees so we can really enjoy our crypto on our purchases. Really it is CryptoRiya Team made it possible! Thank you!
