Fast and low fee International remittance is a key area for many cryptocurrencies. A new cryptocurrency and mobile app called Crypterium aims to take on the challenge and possibly the crown.
Universal transaction processing for digital currencies against any fiat-based goods is largely non-existent even today. And there is big demand-supply gap present across the cryptocurrency capitalization that has surpassed US $150 billion mark.
For experiencing a digital currency’s full benefits, the users will have to interact with various cryptocurrencies just like the way they are using traditional fiat variants. These benefits include lower transaction costs, the absence of any national boundaries, and quick payments. And supplying cryptocurrencies to all the mainstream daily users will definitely need an empowering suite of cryptobanking services.
Buying a pizza with Crypterium card
In homage to the famous first pizza bought with Bitcoin, here is Crypteriums pizza day:
Right now, there are close to 3 million users who are using digital currencies every day – this number is expected to rise up to 200 million by circa 2025. Today, the cryptocurrencies’ demand is high and this will grow to a CAGR of nearly 70 percent annually in the coming time.
Now, the potential to meet this very demand is an exciting development that will transform the global banking landscape forever. And Crypterium’s cryptobank will be the first main step in satiating this demand. Now, below is an infographic on how will Crypterium be the ultimate cryptobank for all the cryptopeople.
Is Crypterium a scam?
It’s good to be skeptical of new Blockchain projects, perhaps due to the rising cases of fraud associated with crypto assets and the volatility of the markets.
The idea behind Crypterium is premised on a decentralized banking platform geared towards establishing the first ever cryptocurrency bank.
The founders of this platform state thier confident that it will be one of the future’s big players in the shaping of the crypto economy.
The primary objective is and will remain to provide a fully integrated administration that features the interests of the blockchain community.According to their official website
There have been concerns about the platform relating to the receiving of dividends by a shareholder and following through with outlined plans on their white paper. Whether or not these are true remains to be seen.
That notwithstanding, you can never be too careful with online ventures; whether a project is championed by the most trusted individuals or not, you should exercise caution at all times.
As such this article does not constitute trading advice.
Even with the concerns being raised online, Crypterium offers one of the most innovative products of all times; many players in the banking industry are also warming up to the idea even as the Internet Of Things sweeps across the world.