CRYPTERIUM: The Crypto Bank for All Your Needs

Introduction

Global transaction volume reached the 433 billion $ in 2015. Given the rise in the mobile contactless payment systems such as Apple pay, Google Pay, Ali pays Mobile-based payment is expected to reach 4 trillion dollars globally. Who could have thought that payment would be made by touching the screen? But it is a reality where the large volume of the transaction is happening through cashless payment.

We are seeing more and more mobile devices which has become more than just a form of communication. it is controlling our daily life and serving us everything on the small screen. The companies world over have understood the revolutionary powers of mobile combined with the internet. We can find everything on the mobile set. The biggest revolution is in the banking and payment sector. Mobile has completely changed the dynamics of traditional banking and payment industry. Slowly, but steadily all the major banks have launched their services on the mobile. They are able to take full advantage of it though weaknesses exist. And, now the introduction of cryptocurrency has created another revolution in the banking and payment sector.

Cryptocurrency has seen unimaginable growth and high acceptance among the public. It has refueled its economy which made banks perplexed. Banks have avoided the world of Digital currency till now. But, today they are ready to experiment and try out the possibilities of digital currency. According to an estimate, crypto-economy will exceed three trillion dollars by 2020. This estimates crypto-economy will be equal to 10 % of World GDP. The continuing popularity of the Cryptocurrency offers many advantages to the users. It is digital currency and free from any third party.

Banks are redefining their process of operation in the world of digital currency. This market of cryptocurrency is a huge opportunity for banks and payment industry to redesign their mission and goal to meet the demands of current population. What is lacking is nearly nonexistent transaction of cryptocurrency for fiat based goods.

Still, cryptocurrency is the not mainstream currency. General trade and business operations of daily life are conducted in fiat currency. It presents us with an opportunity to create a platform for cryptocurrency payment and transaction for fiat based goods. The platform must be secured, safe, transparent and widely acceptable. This platform will help bring the cryptocurrency in the Mainstream banking and payment industry.

Solution Offered

Crypterium offers the solution by launching a crypto bank which can be downloaded instantly on the iOS and Android devices. It takes few seconds to start your first transaction in cryptocurrency. The number of cryptocurrency users is estimated to be 200 million by 2025. This crypto bank is the first step in providing the widespread use of cryptocurrency. Cryptobank enables an instant transaction between cryptocurrency and fiat currency. It provides Interoperability between both the currencies with unlimited potential. The benefits of low-cost transactions and speed payment of cryptocurrency will be available to all the users.

They will be able to buy fiat based goods through cryptocurrency. It also provides low commission on any of the world's payment terminal and internet stores.

The following functionality exists on the platform.

• It supports all the major cards for trading and services all over the world
• Account can be transferred internationally whether its cryptocurrency or fiat currency
• There are many CRYPTERIUM partners available in the market and their services can be utilized through Mobile crypto bank.
• CRYPTERIUM token (CRPT) is heart of all the transactions on the CRYPTERIUM ecosystem. No transactions can be completed without CRPT tokens. It is regulated by smart contract and its main aim is to popularize the use of CRYPTERIUM platform. There are many other benefits available for CRPT token holders to encourage transaction through CRPT tokens.

Future Functionalities

• Mobile Cryptobank 2.0: This is still in development phase. It will provide digital smart contract wallet based on smart contract technology. This wallet will be used for storage and transaction of cryptocurrency and fiat currency. The CRYPTERIUM mobile banking app will store all the Crypto asset. There is a facility available for exchange between different cryptocurrency. Other facilities include direct payment for services, QR payment, Photo payments, Interest payment, banking statements, Peer to peer transactions and traditional banking services.
• Cryptobank for business: Merchants can easily install CRYPTERIUM mobile app which can be used for sending and receiving payment. QR code-based payment is available in the app. Scan the QR code and Pay Instantly. According to an estimate, about 70% of payment points are equipped with QR code in China.The mass adoption of CRYPTERIUM requires such services which are available widely.
  
• CRYPTERIUM Open platform: To realize the full potential of cryptocurrency wider participation of developers and companies is required. To support such community, CRYPTERIUM will provide open access platform for companies to develop their own products. There are many services which can be created using CRYPTERIUM API such as cryptocurrency wallets, cryptocurrency exchanges, Information retrievals, and loyalty programs.

ICO Information & Team

They are conducting ICO campaign which started on 31st October 2017 and continues until 25th January 2018. The CRPT token is based on Ethereum platform and is ERC- 12 standard. Crypterium is registered under EU laws in Estonia. A total 70% of the total token is available for contributors. 1 CRPT token = 0.0001 BTC.

The purpose of the Token sale is to generate funds for further research and development of the CRYPTERIUM platform.

The team consists of experienced Investment bankers, capital market experts, Global financial strategies, and Internet entrepreneurs. They have joined hands together to build the digital infrastructure of future banking and payment. Their team is motivated, experienced, and adaptable to dynamics of the current market. We can choose to be the builder of the future payment platform.

Visit :

Website : https://crypterium.io/

Whitepaper : https://crypterium.io/wp/index.html?v=1.01

Btalk ANN Thread: https://bitcointalk.org/index.php?topic=2214098.0

Authored By: Etheran

Profile: https://bitcointalk.org/index.php?action=profile;u=1108165