The CAPVERTO platform is a bridge between cryptocurrency technology and fiat money by offering key features including international prepaid cards, direct copy trading, easy-to-use P2P loans, and cryptocurrency insurance, specifically designed to be easily accessible, especially for those who do not have a bank account.
In essence CAP, is a utility token that regulates access to various services available on the CAPVERTO platform. For example, members can use CAPVERTO integration with Binance and OKex to sell CAP tokens and take advantage of the cash prize system attached to the prepaid card program.
CAPVERTO Exchange is here to help unbanked and underbanked people with cryptocurrency. Let's discuss how this amazing project works.
Project objective
The main objective of CAPVERTO Exchange is to provide a digital currency which can be used as a utility token for unbanked & underbanked people's. This can be achieved with cryptocurrency. CAPVERTO Exchange provides a bank like experience to users via prepaid cards. This helps to bridge the gap between fiat and cryptocurrency.
The present problems
According to a survey report, more than 2 billion people around the world are unbanked means they don't have a formal bank account. And even in US, 9 million (which is 7 percent) of households are unbanked and 24.5 million do not have banking access. Which means thousands of US dollars are used in untapped activities which is cannot be tracked. And according to world bank report the unbanked people's rate is even lower outside the OECD countries and this falls below 20 percent in middle East & North Africa.
The unbanked people are often use alternative services like pawnshops, microcredit networks, salary lenders and international money transfers. Despite the highest rate of interest and non flexibility. This is because the present banking Institutions have inadequate financial structure, have to maintain minimum balance to avoid fee charge and complex banking procedures makes people to go away from the banking facilities.
The CAPVERTO Exchange
As we discussed there are millions of people around world are excluded from banking services. Due to inadequate financial infrastructure, inflexible account maintenance issues makes people to go away from banking services. CAPVERTO Exchange is a digital utility token which is aimed to help unbanked people.
On the mission of bridging the gap between fiat and cryptocurrency; CAPVERTO Exchange uses prepaid cards to achieve this. Because prepaid cards provide larger benefits like: liability protection, easily reloadable at no/minimal fees, easy to use and can be usable at POS terminals. The popularity of prepaid cards is increasing and linking it with cryptocurrency makes it more advanced and secure. CAPVERTO Exchange's prepaid cards comes with different colors of different tiers provided with different features. Like Blue, gold, platinum and black. The blue card is a basic card starts with $100. These prepaid cards are available for everyone internationally. For using these cards for purchases in stores, users will receive cashbacks in CAP tokens. And 2% of the charged transaction fee is reinvested in CAP.
Capverto MVP
Advantages of CAPVERTO Exchange
- It is committed to provide bank like experience and services for unbanked people
- In order to achieve this CAPVERTO Exchange uses prepaid cards
- Prepaid cards helps to bridge the gap between crypto and fiat currency
- Users also receive cashbacks for using prepaid cards
- With CAPVERTO Exchange's monetary exchange, unbanked users can get lending, borrowing and saving services
- CAPVERTO Exchange provides highest level of security for crypto assets using 2FA, KYC, AML and address proof details
- For unexpected loses users will receive insurance
- Unbanked and underbanked people's are no longer be excluded from the financial services with CAPVERTO Exchange.
Competitive Analysis
ICO details & Timelines
• Token ticker: CAP
• Platform: ERC20
• Softcap: 6.200.000 USD
• Hardcap: 20.000.000 USD
Token distribution
Roadmap
Conclusion
CAPVERTO Exchange is committed to provide bank like experience for unbanked and underbanked people. With the use of CAP digital token and prepaid cards it helps to provide services alternative to financial facilities. People can now access lending, borrowing and saving like facilities without a formal back account, which helps them to come out of poverty. It is a very promising project to invest.
For More Information
Website: https://capverto.com/landing/
Read whitepaper: https://capverto.com/landing#whitePaper
Telegram: https://t.me/CAPVERTOOFFICAL
Facebook: https://www.facebook.com/capverto
Twitter: https://twitter.com/capverto
LinkedIn: https://www.linkedin.com/company/capverto
Author: LucY!