Chynge incorporates artificial intelligence, transparency and security in one decentralized and democratic payment system.
Chynge incorporates artificial intelligence, transparency and security in one decentralized and democratic payment system. Based on the Stellar platform, this software offers feeless and instant cross-border payments to battle with expensive bank service fees and exchange rates. All necessary precautions are taken as risks like money laundering and fraud are mitigated. The network is a closed-loop and connects senders and recipients. The project’s team comes from Singapore and benchmarks against Skype, aiming to facilitate as much as 40% of the cross-border market in the next 10 years, as Skype did with long-distance calls. Their efforts include providing back to the communities, helping with building schools and infrastructure, developing better healthcare and educational programs and thus ensuring a better life for members of the local communities. The ICO of Chynge ends on September 25th, 2018.