The importance of Cryptocurrencies and digital banking in Future.
Many of us are familiar with word ‘CRYPTO-CURRENCY’ and people are getting familiar with crypto-currencies day by day. According to latest research, there are approximately 3 million daily users of crypto-currencies and this number is expected to exceed 200 million by 2025, which means this is something really important to get to know about it. Over the past 10 years, there has been a boom in the demand for cashless and digital payments. Global transaction volumes grew by 11.2% from 2014 to 2015 to reach 433 billion and this increase has partially boiled by Emerging Asia. In the last 24 months this growth has been increased by the introduction of mobile contactless payment solutions such as Apple Pay, Alipay, Google Pay and a whole host of other innovative solutions. Between 2015–2020, mobile proximity payment volume is expected to rise by a compound annual growth rate of 80 percent, which would bring mobile proximity payments volume over US $4 trillion by 2020. On the other hand, crypto-economy and crypto-currencies are also growing at an amazing rate. It is estimated that by 2020 the crypto-economy will exceed three trillion dollars and that by 2022, it could be equal to 10% of world GDP. With all these amazing facts and figures It is confirmed that crypto-currencies are the future and will transformed the global economy but there are some issues with this new emerging system. Issues like universal transaction processing for crypto-currency against fiat based goods is practically non-existent. There is an unsatisfied demand across a crypto-currency capitalization that has already crossed US$150 billion. There is a need of platform to solve such critical issues so that the benefits of crypto-currencies can be delivered to it’s users fully.
Crypterium: The solution of critical issues.
Crypterium with the commercial launch of its global banking transaction processing platform dubbed ‘Cryptobank 2.0’ solves this issue. Providing crypto-currencies to everyday users, will need dedicated crypto-banking services. Only then a person is able to use crypto-currency in the same way that they use any other currency, will all of the benefits of crypto-currency, such as speed of payment, lower transaction costs, removal of national boundaries etc, become real. The demand for crypto-currencies exists now and will grow at an annual CAGR of 70% for the foreseeable future. The Crypterium Cryptobank will be a first move in satisfying this demand. It will be made available for download via the IOS or android marketplace and is planning to be ready-to-use on mobile devices immediately. Not like conventional mobile banks that take weeks to process and issue cards, the Crypterium Cryptobank provides an instant processing engine for both fiat and crypto based currency transactions while enabling inter-changeability between the two. With Crypterium’s digital bank, customers will finally be able to use crypto-currencies to pay for fiat based goods without transaction limits and with low commission on any of the world’s existing 42 million payment terminals and many internet stores and payment points. Crypterium’s technology platform is developing to be based on algorithms that allow for the most efficient exchange rates matching across natural peer-to-peer flow as well as third party Crypto-exchanges. This is planned to be quickly followed by a range of complimentary banking services from simple Peer to Peer payments to Crypto-currency backed lending. Crypterium aims to meet the banking needs of the Crypto-currency age.
ICO Details.
Crypterium team has been building the platform over the last 5 years, on which its crypto-banking services will be launched . The next stage will be the release of a crypto-banking payment platform that will its own crypto-currency “CRPT” to feed the transactional process. This platform will be ready for the release at the end of Q4 2017 to Q1 2018 and Crypterium aim to keep it developing in future. The terms and provision of CRPT Token Sale will be outlined in the Terms & Conditions provided at https://crypterium.io/
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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