Frequently Asked Questions
ARYZE is a Danish financial services company that is building an agile financial platform hosting Digital Cash and multiple fintech products. We are committed to establishing an efficient, transparent, and innovative payments system, while focusing on improving financial inclusion. For more information, see here.
In our ecosystem, Digital Cash is a representative of existing sovereign currencies. Each Digital Cash currency in our system is backed one-to-one with a deposit in the central bank that initially issued it.
RYZEnet is the network of trust that keeps an overview of transactions in our system. Approved and known partners can function as validators for the network. RYZEnet is a safe and transparent distributed ledger that ensures interaction between our partners, users and the outside world.
We are all about a transparent, safe, efficient and customizable process. It is free to send money through ARYZE, and our exchange rates are some of the fairest you can receive. Since you can hold and send multiple currencies, sending, receiving and spending money abroad is easier than ever. Further, due to the modularity of our app, you can hold and use all of your payment services within our app, from loyalty cards to instant payment add-ons to budgeting tools. This means you can transact seamlessly with people outside of our services as well as within.
Our Digital Cash currencies are backed by a full-reserve banking model. This means that unlike standard banks, where your money can be lent to other customers at your risk, we will never lend out your money. Our Digital Cash currencies are fully redeemable at any time, and the money is placed safely in the central bank that issued it – the only place its value is guaranteed.
ARYZE offers services for individuals, businesses, corporations and public entities. For individual retail users, we have our application called MAMA – or Multi-Asset Modular Application. For businesses and corporations, we have a larger suite of cloud-based services and APIs that create a trustworthy, efficient and safe money management experience.
MAMA users will be able to hold, send and receive their Digital Cash in our application. It is like a digital bank account, where you can safely save, spend and send money without transaction fees. You will be able to spend your money either through the application itself, or through a top-up debit card that you link to your account.
No two people are the same; this is why we built MAMA to be customizable to the user’s needs through an in-app marketplace with community-developed features and add-ons.
Our MAMA (Multi-Asset Modular Application) mobile app for iOs and Android is customisable, interoperable, cheap, fast, and accessible to everyone with a smartphone. MAMA allows users to store their currencies in different accounts – this is the multi-asset part of the application. Through our built-in modules market, the app can be tailored to your specific needs. In-app, users can activate and use a huge variety of features, from reward and loyalty cards, to trade and foreign exchange systems, to donation and aid features, to payroll software. This is the modularity of the application, giving each user a unique, tailor-made purchasing experience. MAMA mobile can connect to banking rails such as SEPA and IBAN, and to public blockchains like Ethereum, making it the most interoperable system ever.
You can add money to your account by bank transfer, debit card transaction, or by receiving money from another ARYZE user. In the future, users will be able to add physical cash to their account by making a deposit through a trusted partner in our user network and receiving Digital Cash directly into your account.