AdvCash License for HYIPs. What's Next?

Description

Welcome, dear partners! Just yesterday, the HYIP industry was alarmed by news of a policy change by the AdvCash payment system towards HYIP projects. The investment project monitoring Richmonkey.biz will try to clarify the situation and answer investors' questions such as "What's next for HYIPs?", "Which payment system can be used instead of AdvCash?" and the like.

Briefly about the situation

Currently, there is rumor-level information (not 100% confirmed but worth mentioning) that the AdvCash payment system is ceasing operations with HYIP projects due to a change in policy towards investment projects. The information came from the administration of many projects. From this point on, the AdvCash payment system will require companies that provide trust management services to obtain a certain license that allows them to manage investors' assets. Otherwise, receiving payments will not be connected as a confirmed payment method. How events will unfold further is unknown to us.

What is currently happening with HYIPs?

The administration of HYIP projects is no less agitated than investors, and it's understandable. AdvCash, at this time, is one of the most popular electronic payment systems in the HYIP industry, and a significant number of deposits are made through it. As we've noticed, some HYIP projects have temporarily disabled receiving/withdrawing funds through the AdvCash payment system, while others are gathering the necessary documentation to resume operations with this payment system. For example, DDFutures is actively collecting documentation to resume operations. And the project WorkingOutSoft has not been affected by this new policy of the payment system, but for those who are concerned about the safety of their investments through the AdvCash payment system, the project administration offers to transfer funds to another payment system. For this, you need to write to the technical support of the project WorkingOutSoft. Old HYIPs are operating without interruption.

Is there a way out of the situation?

Certainly, the most obvious thing that comes to mind is that investors simply need to transfer their funds to other payment systems and refrain from new deposits using the AdvCash payment system. On our blog Richmonkey.biz, there are useful articles about payment systems that can easily replace AdvCash and have been used in the HYIP industry long before AdvCash: - Perfect Money Wallet; - Review of the Payeer Payment System; - Bitcoin Wallet - Which One to Choose? The HYIP industry has faced even scams of payment systems. As you can see, everything has been working for years. As already mentioned, AdvCash is a young payment system in the HYIP industry. HYIPs worked before it. Therefore, there's no strong reason for panic. Moreover, the funds in investors' wallets should not be affected. Such bans have already affected the QIWI payment system, and a workaround was found quite quickly. It is possible that HYIP administrations will find a workaround for the AdvCash payment system.

Recommendations

In conclusion to our article, we decided to prepare a small list of recommendations for our partners: - For now, refrain from new investments through the AdvCash payment system; - Use other payment systems for investing. For example, Payeer, Perfect Money, or Bitcoin; - Do not panic and inform your friends, colleagues, and partners. Perhaps, you can help someone;

Conclusion

I hope we've presented the information about the situation with the AdvCash payment system in an understandable manner. Some ways out of the situation were also discussed. It's too early to panic, as the information is not 100% verified. Forewarned = armed. Follow our recommendations, and your funds will remain safe. ;) Ah yes, the most important question "What will happen to HYIPs?". Our answer – everything will remain as usual. The only thing that might happen is that there simply won't be a AdvCash payment system in the HYIP industry, or maybe there will be. Who knows? Invest successfully and profitably with Richmonkey.biz. We wish everyone profit and successful earnings.