CHAM, Switzerland, June 10, 2021 (GLOBE NEWSWIRE) – Caizchain was founded in Germany in 2020 and is a Caizcoins blockchain and is about to be launched. What sets Caizcoin apart from other cryptocurrencies is its Islamic finance focus. Recognized as compliant with Islamic finance law by Islamic scholars with the fatwa certificate, Caizcoin opens the global cryptocurrency market to Muslims and non-Muslims for the first time.
The world’s first certified Islamic cryptocurrency and blockchain is intended to enable fast and cost-efficient international money transfers. In particular, Caizcoin complies with Islamic financial standards and ethics. It also does not guarantee doing business with companies that are engaged in areas such as arms, tobacco, adult, alcohol or pork industries, as this is considered illegal in Islamic beliefs.
Developed by young and dynamic business leaders and international scholars in the fields of technology, finance and business, Caizcoin will also work with charities to facilitate Waqf and Zakat donations.
The Caizchain blockchain is a technology that makes any financial activity safe from third parties. More specifically, using Caizchain gives you the following advantages:
- anonymity – All personal data is encrypted. The only thing that can be seen is your public key, similar to the IBAN account. Further details will not be published or can be obtained from you.
- autonomy – The Caizchain blockchain is decentralized. No third party is involved in the management of your wealth – so you don’t need anyone else to validate your transactions;
- Lower costs – As mentioned earlier, there will be no centralized units, which means you won’t have to pay high fees to them
- security – If malicious actors try to access your account, they will have to invest a lot of money in order to get enough processing power to do it. And for added security, Caizchain has activated two-factor authentication, which not only requires your password, but also a unique code that is sent to your email.
- Fast transfers – Nobody has to confirm your transfers to loved ones, so you don’t have to wait for anyone.
In the Caizchain ecosystem, you can access both the CAIZ token and the CAIZ wallet. But there will be other features on their roadmap as well, including crypto scanners, node sales, and more.