Cryptobanking is necessary

Why digital banking is the future? People are using online banking without being frustrated and wasting time in the physical banks. The majority of shopping and buying is moving from physical to digital channels across industries. People like to use something that is more simple, more convinient but at the same time more efficient. You can’t deny that having the Mobile phone wallet and leveraging it in everyday life is the easiest way to use banking. But what else do you need from bank? That’s right, nothing. You just need to have secure, convinient and low fees payments. Digital banking is definitely the future. Ok then every bank can improve their service and focus on digital banking. But do we need the banks?

In 1994 Bill Gates said: “Banking is necessary, banks are not”. Nothing to add to his statement. 23 years ago Bill Gates knew it is going to happened. And we are at the very beginning of the revolution. Today, about 2.5 billion people globally have no access to bank accounts and formal financial services. Bill Gates also said: “Digital payment systems can do more for equality in poor countries than they can do anywhere else, and we would like them to emerge there even if it takes longer in richer countries. We’re not waiting for it to trickle down as we do for many advanced technologies. That’s not good enough.”

Digital banking services can reach that places which never been reached by the physical banks. The banking services is now on their second birth. And one of the solution nowadays is indeed cryptocurrencies. Cryptoeconomy and cryptocurrencies in particular are growing on exceptional rate.

Meet Crypterium — Cryptobank for the Cryptocurrency era. With Crypterium you are able to store, spend,exchange and later borrow any Cryptocurrency in the same way as they could any other currency, but in a quicker, cheaper and more secure environment than it is possible in any traditional bank or fiat currency. One of the main features is that Cryptobank will be the decentralized.

Crypterium also offering the credit system in future. To make it real Crypterium is going to offer subtoken called Credit (CRED), that will become the currency of all Crypterium issued loans. It is something unique and was never done before. Everyone that has downloaded and registered on the Crypterium mobile banking App, can apply for a CRED loan. Crypterium has the separate Whitepaper for the CRED subtoken.

Crypterium will provide an open platform that enables companies to build their own products using Crypterium API which will enables developer solutions for a decentralised economy.

What is the market potential of Cryptobanking? With the extraordinary growth it is estimated that by 2020 the cryptoeconomy will exceed 3 trillion dollars. People will always be in need of banking services in order to spend, store, exchange or give the loans. Huge potential.

Comparison with different blockchain and cryptocurrencies banking platforms:

Team of Crypterium:

Team mostly consist of the former FinTech professionals with solid experience. Back in 2013 two of the Crypterium’s Co-founders Vladimir Gorbunov and Gleb Markov founded first company in Eastern Europe to develop mobile payments solutions based on QR-code scanning. In 2015 they established universal tool for daily payments. More than 300 integrations with the most popular e-commerce retail services delivering universal payment application for most common daily needs. Totally they have raised 8mln invesments from round A and B. The team of Crypterium is young and in the same time with decent background in Fintech and management space. Most of the team members has more then 10 years experience each.

Advisory board of Crypterium mostly consist from the Fintech specialists and blockchain entrepreneurs. Totally gathered 10 advisors.

Token model:

The heart of the future ecosystem will become CRPT token which will be issued and sold during ICO only. No any transaction can be made without CRPT token. It will incentivize new users to come and buy the tokens.
0.5% from every transaction in CRPT tokens is “burned” forever for conducting the transaction. “Burning process” is decentrallized and done by smart-contracts. This amazing feature will guarantee the value raising of CRPT token in future. As the demand grow, the quantity of transactions will increase but the supply remains the same.

Also Crypterium offers Monthly Loyalty Program to its tokenholders. Up to 30% of Crypterium’s transactional income forms the Monthly Loyalty Program which is incentivizing platform users to make more transactions using Crypterium and also to encourage especially active users.

There are four levels of loyalty members as following:

Additional Token-holder Benefits are including but not limited to:

• Priority service for all Crypterium applications and support

• Discount of up to 75% from standard fees

• Those token-holders that are also merchants using the Crypterium payment platform for acquiring will be entitled to fee discounts of up to 50% from standard fees.

Crypterium ICO:

• Start Date 31st ofOctober 2017 and last untill 12 January 23:59:59 (UTC-4)
• Price of CRPT token = 0.0001 BTC
• Hard Cap: $47 million USD
• Total supply: 300,000,000
• Unsold and unallocated tokens will be destroyed
• Methods of token purchase: Bitcoin (BTC), Ethereum (ETH), fiat payments and others
• Mincap: $3 million USD
• Token distribution: No later than 25th January 23:59:59 (UTC-4)

Summary:

Currently Crypterium is close to 35mln funds raised which will allow them to develop a lot of their goals but still they have window for hard cap. Community of Crypterium over 24k people already. Strong team and advisors. The everyday usage of cryptocurrencies is limited because there are no solutions available on the market. And Crypterium could be the one who will conquere the huge growing market. The mass adoption of cryptocurrencies will create huge demand for CRPT tokens and the token model will always increasing the value just because of platform usage. CRPT token is one of the must have tokens in your portfolio.

Contacts:

• Website — https://crypterium.io/
• Telegram — https://t.me/crypterium
• Whitepaper — https://crypterium.io/wp/index.html?v=1.42
• Bitcointalk thread — https://bitcointalk.org/index.php?topic=2214098.0
• Blog — https://medium.com/@crypterium_io