CAIZ Introduces The First Islamic Compliant Blockchain Remittances

Bratislava, Date – CAIZ, the first fiqh compliant EU based blockchain ecosystem, introduces a new efficient way for performing remittances. In a world that is becoming increasingly interconnected, the significance of remittances cannot be overstated as for countless families and communities worldwide they do serve as a lifeline, a source for a better future, and a means to a brighter future.

Remittances serve as a representation of the close bonds which transcend international borders. For many people who left their home nations in search of better opportunities, sending money back to their relatives allows them to share their success and make a contribution to their wellbeing. Remittances from around the world increased to a remarkable $647 billion in only 2022 alone, according to the World Bank, providing many emerging economies with a vital assistance chain. These funds frequently serve as the foundation for local economies, stimulating investments in small businesses, healthcare, and other sectors. But the traditional remittance sector has long struggled with unsustainable costs, inefficiency, and a lack of transparency and compliance to Islamic financial principles.

CAIZcoin’s Remittances Mission: Empowering Everyone

CAIZcoin’s aim extends beyond the traditional boundaries of remittance services by introducing the potential of blockchain and cryptocurrency technologies to transform cross-border fund transfers. CAIZ proposes a near future in which remittances are not only affordable, but also transparent, quick, and financially inclusive, compliant to Islamic financial principles, and empowering both senders and recipients.

Traditional remittance systems frequently apply high fees that considerably reduce the funds that clients genuinely need. The cost-effectiveness of CAIZ’s remittance solutions is given priority, ensuring that a higher amount of the sender’s funds successfully reach the intended recipient. The remittance infrastructure created by CAIZcoin enables households to quickly access funds in times avoiding long wait times for the transfer of funds making it now a thing of the past thanks to CAIZcoin, which guarantees prompt assistance.

The remittance services provided by CAIZcoin enable global accessibility without any regional restrictions. This makes it easier for senders and receivers to access the funds from anywhere in the world. The use of blockchain technology by CAIZ ensures complete transparency in remittance transactions. The blockchain extensively tracks every step of the process, allowing consumers to easily follow what they have sent and delivering a level of trust that was previously lacking in traditional remittance systems.

Payments are made extremely quickly, frequently within seconds, and with very low costs ranging from 0.1% to 0.25% of the transaction amount. When someone gives money in their own currency, for example, Euros or US Dollars, the recipient can simply obtain that money or change it into their own local currency, without hurting the law.

CAIZ identifies the added benefit of fostering financial inclusion. Its remittance services have been diligently created to meet the needs of people from all walks of life, including those who don’t have access to or have few options for traditional banking services. It aims to empower even the most vulnerable segments of society, allowing them to take advantage of the opportunities provided by the global economy. The impact of CAIZcoin’s remittance solutions goes beyond simple financial transactions, transforming the lives of countless individuals and communities.

Senders can feel secure and at ease using CAIZcoin’s services. They can feel comfortable knowing that their loved ones will receive their hard-earned money in a fast and trustworthy manner, free from excessive costs or long waits.

CAIZ makes worldwide fiat-to-fiat and business payments simple, completing them in seconds and charging fees ranging from 0.1% to 0.25% of the transaction value. Senders can quickly send their fiat currencies, for example, EUR or USD, to recipients, who can then access the original fiat or convert it to their local currency at a low cost. Additionally, as an inflation hedge, receivers can put funds in a stablecoin such as CAIZ Gold. All of this is accessible via the CAIZ App, users only have to register first for a full account, including KYC, in order to utilize the service, which fully complies with Islamic financial and domestic laws.

The remittance ecosystem of CAIZcoin is a broad platform designed to satisfy the various needs of consumers around the world. The innovative potential of innovation to enhance the quality of life and strengthen communities can be seen most clearly by CAIZcoin’s remittance solutions. CAIZcoin is at the forefront of a new era, providing affordable, transparent, and inclusive remittance services in a world where remittances are an essential lifeline for millions.

About Caiz

Caizcoin stands as the premier Islam-compliant Blockchain Ecosystem rooted in the EU

Connect with us: Instagram | Twitter | Telegram, envisioned to bridge the divide between centralized and decentralized financial realms.