Global demand of cashless payments keeps on increasing at a stunning rate and the end of cash as the choice method of payment is an undeniable truth. The number of worldwide cashless transactions was more than 430 billion in 2015 while the increase of mobile payments is estimated to surpass $3.8 trillion by 2020. As people change the way they interact with cash, there is an introduction of new form of money called digital currencies, also known as cryptocurrencies . It is less than 10 years since the creation of the Bitcoin, the world’s first digital currency that in turn, built a brand new financial ecosystem called the blockchain. Today there are more than 1,000 digital currencies exist, known as cryptocurrencies and that number is increasing each day. The benefits of cryptocurrencies over conventional fiat money are numerous and impossible for fiat money to match. Today a transaction between two individuals in different countries can even take several days and cost both parties a significant share of the money transferred (the average cross border transaction fee is 7.45%). This can now be possible in seconds utilizing digital currencies through the blockchain with essentially zero cost and more safely than ever before.
The single most important step in moving benefits from the conceptual and the practical mainstream is to enable people to utilize cryptocurrencies similarly as they can any other currency and that means enabling instant payments with their cryptocurrency as if it were cash or money stored in their digital bank accounts. Crypterium is building cryptobank 2.0 for the cryptocurrency Era. People will able to store, spend, trade and later borrow practically any cryptocurrency in the same way as they could any other currency, but in a speedier, less expensive and more secure environment than it is possible in any traditional bank or fiat currency . The cryptobank will be the decentralized center that interlocks the confined monetary world we live in today and a future Cryptoeconomy with limitless and borderless opportunities.
Most of the technology for this financial revolution already exist like Alipay, Apple Pay, Samsung Pay, the world’s biggest banks and payment platforms have just introduced more than 42 million contactless payment terminals through out the world and number that is developing quickly. Crypterium will take full advantage of this worldwide contactless phenomenon, yet as opposed to utilizing it for customary payment cards utilizing fiat money, Crypterium will utilize it for cryptocurrencies through personal smartphones. It is possible to skip generations of dedicated development by some of biggest companies in the world and adapt that technology to the Cryptocurrency Era within months, or years, but definitely, not decades.
Crypterium anticipate that soon practically any cryptocurrency can be instantaneously transferred into any local fiat currency anywhere in the world where cashless payments through contactless payments terminals are possible and in turn can be spent. This will be done faster, less expensive and more secure than any fiat money bank has ever been able to achieve. For the retailer, they are none-the-wiser. As far as they are concerned, they were paid in their currency of choice.It is only a little advance from cashless cryptocurrency payments to extra keeping money administrations, for example, cross outskirt exchanges and in the end cryptocurrency based credits. Crypterium is aimed to start operations by delivering one of the best cryptocurrency mobile banking payment application available today. As adoption increase, extra services are intended to be included. The team of Crypterium has many years of experience building fintech and mobile payments solutions including the building and launch of one of Eastern Europe’s most important and reward winning contactless payment platform’s PayQR. Further details of the team can be found in Section 9 of Crypterium Whitepaper. Below is the comparison of world’s traditional banks and blockchain banks.
From these facts, it would not be wrong to say that Crypterium is the need of crypto currency era. For more information about the Crypterium, Please visit offical whitepaper https://crypterium.io/
ICO details:
Start Date: 31st October 2017, 10:00 AM (UTC-4)
Duration of Token Sale: 75 days, untill 12 January 23:59:59 (UTC-4)
Price of CRPT token: 0.0001 BTC.
Hardcap: $47 million USD.
Softcap: $3 million USD.
Technical limit to the number of tokens: 300,000,000 (three hundred million)
Methods of token purchase: Bitcoin, Ethereum, fiat payments and others.
Token activation date: 25th January.
Important: There will be no further token issue, all will issue within the ICO and all unsold and unallocated tokens will be destroyed. Option of early termination exist, upon reaching hardcap. For more details about ICO and Crypterium project, Please visit Crypterium Official whitepaper @ https://crypterium.io/wp/index.html?v=1.01
Website: https://crypterium.io/
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