CAP is the core of CAPVERTO platform whereby it is a utility token. This token is involved in all the major operations of the platform including the following:
• Whenever you purchase an international CAPVERTO prepaid card, an equivalent amount of CAP is transferred into your account. For the starting tier which is a blue card that will amount $100 worth of Cap
• You will be rewarded cash back rewards in the form of CAP. Up to 2 percent of any transaction you make using your card, depending on its color tier, you will be eligible for cash back in the form of CAP tokens. This means that your activities that involve the card use will continually influence your CAP holdings and whole value.
• CAP is also distributed as part of the trading system. When your portfolio as a trader is copied a percentage of the total profit that the follower would have accrued will be given back to you as the original trader, partially in the form of Cap with the remaining denominated in the traded currency.
The CAP utility token is the driving force that powers CAPVERTO to benefit the under-banked and unbanked.
How Prepaid Cards Unlock the Power of Cryptocurrency for the Unbanked
The CAPVERTO Exchange card-based infrastructure model solves three major problems:
Firstly, it ties cryptocurrency based assets in case the value encompassed in Cap utility tokens, to fiat money system via familiar financial instruments such as prepaid cards. This connection addresses the high barriers to entry that are sometimes associated with cryptocurrencies which over the ranks of ICO technologists and investors are often referred as too technically complex and abstract function as an everyday transaction for the underbanked or unbanked.
Secondly, it builds over the features that already draw underbanked and banked population to the prepaid cards, such as cash back rewards, making them easy to use and broad acceptance by merchants. The prepaid cards vary considerably according to quality. CAPVERTO Exchange designed its cards to be unique by delivering a rewarding experience to its cardholders both regarding flexibility for fiat purchases and contribution to the value of CAP.
Thirdly, it builds a foundation for sustaining the value of the pivotal CAP utility token. While many cryptocurrencies are exposed to the volatility of their trading value and vulnerability to speculation as well as manipulation, Cap is controlled by much more predictable influences, which are values derived from initial card purchases, copy trading, and prepaid card activities.
There is a significant opportunity ahead for financial products such as those products offered by CAPVERTO Exchange which will make cryptocurrencies more liquid and accessible. To understand the possibilities consider the current variation between the number of transactions processable on a Bitcoin or Ehtereum blockchain versus the MasterCard and Visa networks. The latter is able to handle up to 56,000 transactions per second compared to 15 seconds to 10 minutes per transaction on the former. By connecting the division which lies between the digital currency and fiat money via prepaid cards, CAPVERTO Exchange opens up the value of cryptocurrencies in particular and modern financial services in general for a wider range of individuals.
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