A group of online crypto traders have launched a crypto-store that allows customers to make cash transactions from their phones without spending anything.
The idea of CryptoPay, which was launched on Monday, has been likened to a bank account or credit card, where users can make payments from their phone without paying for anything in return.
The company, which is also available for Android and iOS, allows users to make payments by placing orders for crypto coins.
It is a way to circumvent the restrictions imposed by the US government’s strict crypto-currencies rules and allows users the option to transfer their crypto holdings in any crypto currency they want, and store them in their account.
“We are an online crypto marketplace that lets you buy and sell crypto from anywhere in the world without ever touching a bank.
Our crypto payments will never be subject to a minimum balance, as you can use the app to set up multiple crypto accounts at once,” the company says on its website.
Users are then able to pay for items they have in their crypto wallets using the company’s payment gateway, which works with Amazon Payments, PayPal and other payment providers.
The service has been launched by an anonymous user called Satoshi Nakamoto, who has been living in the US for more than a year.
The site also has an active community of users who make money trading cryptocurrencies and also provide support to each other.
In the last 24 hours, the site has collected more than $1,200 in donations, according to CryptoPay.