O'Brien calls Crypterium's promise a "Netscape moment," in reference to the web browser that sparked an innovative leap forward during the '90s internet explosion. The aim is to offer a simple tool that requires no learning curve - one that completely mitigates the barriers preventing a crypto-fiat system of global payment.
Crypterium's history of building payments processing solutions dates back to 2013 when it became the first company in Eastern Europe to release a mobile payments solution tied to QR code scanning. In 2015, the company facilitated 300 integrations with e-commerce retail services. Two years later, it began work on a direct interbanking debit protocol with the intent of lowering transaction fees.
Asked about the company's strategic trajectory O'Brien says Crypterium will offer instant payment of customers' crypto and create liquidity for these payments that doesn't exist today. "We will overcome the timing delay and fees that exist to exit crypto via an exchange into a bank account in fiat currency. And, for consumer commerce, we will immediately bridge the crypto and fiat worlds and start to facilitate crypto as an everyday medium of exchange," he explains.
O'Brien notes that the fully fledged version of the app is only accessible with invitation codes. The reason for this, he said, is that Crypterium, in an attempt to create a flawless product, is thoroughly testing everything before providing access to the wider audience. He said that the launch of the full version is planned as soon as the rigorous process is fully complete.
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