CitiCash – Unblocked the Blockchain for the People


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How do we want to tackle a mass adoption of cryptocurrencies, when it’s not possible to pay with it in your local grocery store? How do we want to tackle a mass adoption, when nobody, except a few of us, doesn’t understand crypto terminology? How do we want to tackle a mass adoption, when you almost need a university degree to use crypto wallets? How do we want to tackle a mass adoption, when we have to deal with a long string of encrypted characters in our wallets?

Citicash is here to deal with these issues!

Citicash team has built a wallet that is absolutely easy to use even for your grandparents.

Citicash tackles the problem of transition to wide adoption of cryptocurrencies with a feature that allows payments to a vendor with a debit card directly linked to CitiCash wallet. Our wallet has built-in functionality to convert CitiCash into whichever fiat currency accepted by the vendor that is receiving payment.

All these features, and many more to come are integrated into just one CitiCash wallet. Try to install our wallet (it takes a less than a minute) and read our whitepaper. With our determination and your help, we can achieve all of our goals, rather soon!

Why CitiCash is originated?

The new CitiCash digital currency has been developed to allow ordinary people to enter the world of cryptocurrencies. The interest in cryptocurrencies is growing, but ordinary people who would like to join the trend are faced with user-demanding technical processes. “The development of CitiCash took place from the start in order to remove these obstacles. All tools are therefore extremely simple and do not require any technical background from the users.”, says Oldřich Šálek, Chief Technology Officer of Citi Lab Czech. Together with our 17 full employed developers, product managers, marketing professionals and our leadership, Citi Lab Czech has provided a unique and simple user experience for everyone. For example, the users of CitiCash can choose their own wallet name to replace a hardly memorable string of characters generated by the computer. The custom name makes identification easier, but the original strong security within the block is retained.

Using CitiCash in everyday life

Anyone with CitiCash coins in their wallet will be eligible to request a debit card. Payments in restaurants, retail stores, online retailers or other vendors, can be transacted via this debit card. Each debit card is connected to a wallet.

When paying with this debit card, the transfer of CitiCash to an adequate fiat (national or transnational) currency will automatically use the current exchange rate (CitiCash to fiat) so that vendors are paid in its own preferred fiat currency.

CitiCash pre-sale

On the 1st of September at 12 am CET, the Citi Lab Czech launches the pre-sale of CitiCash coins. There is 130 million coins to be released for the purposes of this pre-sale. The financial resources received from the coin pre-sale will be used for technical and commercial development associated with the costs of mass adoption of CitiCash by the general public. CitiCash is a long-term project that requires strong financial support. Specifically, the costs involve hiring developers, investing in software and hardware infrastructure, debit card integration, the cost of getting listed on major coin exchanges and a massive marketing campaign. The marketing campaign’s aim is to spread the CitiCash concept to customers who have no experience or exposure to cryptocurrencies and to support them in using CitiCash in a real-world economy.

More information you can find on the website and in the Whitepaper:

https://www.citicash.io

https://www.citicash.io/whitepapers/cch__whitepaper_eng.pdf

Source: https://www.ccn.com/citicash-unblocked-the-blockchain-for-the-people/

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