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CashlessPay Group Review - is it scam or safe?

CashlessPay Group Review - is cashlesspaygroup.com scam or good crypto robot?

RATING: 1 / 1 REVIEWS CashlessPay Group
Beware! CashlessPay Group is most probably a scam!

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General information

 

It seems that lately crypto robot sites are springing up like mushrooms after the rain. Usually such sites feature some badly-made trailer and promise you high returns only if you become a member and get a free copy of some top-notch trading app. CashlessPay Group, however, seems to differ a bit from the pack. It offers you to invest in “the first government approved cryptocurrency “, called Singapore's Coin, which allegedly has unmatched investment potential.

 

CashlessPay Group promises that you will get $6324 in just a couple of months for every single dollar you deposit. Furthermore, they claim that each of their clients will be able to withdraw directly to a bank account in matter of minutes.

 

 

Besides, the website of CashlessPay Group features some testimonials from alleged ex-clients who are all, extremely satisfied with the results, as well as the logos of many media outlets and companies in the crypto industry such as “The CoinTelegraph”, “CryptoInsider”, “FINT” and more. Obviously, it tries to present itself as a legit crypto provider, while in fact it has nothing to do with those medias and none of them has put out an article on CashlessPay Group or its coin.

 

Is there really a coin approved by Singapore’s government?

 

The short answer is NO. While cryptocurrencies might indeed play a major role in the future of money, we doubt that the so called Singapore's Coin will take any part of it. We haven’t heard of this coin before, and you will not find on CoinMarketCap either. What is worse, we found out that the Monetary Authority of Singapore (MAS) has included CashlessPay Group in its alert list.

 

 

MAS is an all-in-one institution - a central bank and a body that oversees all financial institutions in the country - from banks to forex brokers. The regulator keeps a warning list of unlicensed entities that may have been wrongly perceived as authorized by it. The fact that CashlessPay Group is present in MAS’ alert list is only a confirmation of our suspicion that this is a scam website.

 

 

Regulation and Safety of Funds

 

Despite our thorough research, we did not find any information on the website regarding the registered address, the supposed company behind the operation, nor even the country of origin of CashlessPay Group. So, this service is completely anonymous, and the people operating the brand are not bound by any government regulator. This also means that potential clients (or victims) have no one to turn to in case they have legitimate grievances.

 

The truth is that those who are lured into signing up with CashlessPay Group will probably be transferred to some scam broker, which will pay a commission to the team of CashlessPay. Then, the broker’s sales representatives will try to talk them into investing more, offering some hot tip or inside information on the price movement of a certain coin. Most people who invested with such fraudsters never got back any of their money.

 

Bottom line

 

To cut things short, the total anonymity of this website and the fact that the Monetary Authority of Singapore has blacklisted CashlessPay Group makes us more than certain that is a scam.

 

In case you are into cryptocurrencies, you’d better use a regulated cryptocurrency exchange or a licensed broker that offers crypto CFDs.

 


>> Regulated forex brokers offering Bitcoin CFDs <<

 

 

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Traders` reviews for CashlessPay Group

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Fake

So at first glance I was tinking "this is interesting" and I signed up.

But then the website said "due to the high deman a minimum 250USD investment is required" and my alarm start ringing.

I went back to the website, and now I realized that the website wasnt CNBC

Ok, so on facebook they advertise like it is an article from CNBS, and when you go to that website it looks like CNBS and have the logo. But the url is like chocolatefactory.com, or something else.

Unfurtunately as I signed up they called me, and I presume I will get emailed spammed in the future.

Soren Jensen 11/23/2018
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