By: fortyseven.io
The Future of Digital Banking and Cryptocurrency
Digital banking is the way of the future. The demand for cash and digital payments is not just an added benefit in the minds of consumers anymore. They have become standard requirements for rapidly changing customer bank relationships. The volume of global transactions has grown by 11.2% from 2014 to 2015 to reach 433 billion, partly driven by emerging Asian and payment solutions without mobile contacts such as Apple Pay, Google pay, Alipay, and several others.
Payment volumes starting from mobile are expected to grow at a compound annual growth rate (CAGR) of 80% from 2018-2020. Similarly, the economy of crypto and cryptocurrency has become a global phenomenon, and the rate of global adoption is increasing rapidly. It is estimated that by 2020 the total crypto market capitalization will exceed three trillion dollars.
The universal transaction processing for cryptocurrency against fiat goods is an unmet need throughout the cryptocurrency capitalization. Crypterium has solved this problem by launching a global banking transaction processing platform known as 'Crypterium SX.'
What is Crypterium?
Crypterium is a crypto bank platform that will allow day-to-day users to pay with cryptocurrency in the same way as they would use traditional fiat payments. Each user can enjoy the benefits offered by cryptocurrency, such as lower transaction fees, payment speed, cross border payments and more. Bank cryptterium cryptter is the first step in meeting this demand to gain presence worldwide and is unrivaled with traditional banking platform.
Crypterium beta version of the app, 'Crypterium' app can now be downloaded for Android in the Play Store. The Complete App is expected to be launched in the near future, and the iOS app should be launched together. With the full application, It takes just a few seconds to start the first transaction in cryptocurrency. Crypto Bank provides instant transactions between cryptocurrency and fiat currencies; interoperability between the two currencies with unlimited potential. The benefits of cheap deals and payment of cryptocurrency speed will be available to all users. They will be able to purchase fiat goods through cryptocurrency.
The main purpose of the bank crypto (crypto digital bank) is to meet the banking needs of the era of cryptocurrency.
Mobile Unmoved Payments
Soon, payments with plastic cards, physical bank branches, environmental bankers will be a thing of the past. Everything will be digital, mobile, and without contact. Unattached payments, as the name implies, do not require any physical contact between buyer smartphone or credit card and POS terminal. It uses Near Field Communication (NFC) to transmit information from a mobile device to a payment reader. NFC transactions are guaranteed and fast - it only takes a few seconds. They are much more convenient - customers do not have to carry around their physical cards or purses, just their smartphones. CRPT is the core of all transactions conducted on the Crypterium banking platform. Zero payment can not be done without CRPT, because the main purpose is to stimulate the token holder to use Crypterium in everyday life and to attract new users. CRPT tokens issued only during ICO, which is a pre-sale of opportunities for use of Crypterium services; while in the next token will be listed on the cryptocurrency exchange to reach more users and to provide various services.
Only CRPT token holders can use the bank cryptter cryptter application. Every time someone makes a payment, a fee of 0.5% of the transaction value in CRPT is taken from the holders account in lieu of the transaction, which is highly transparent to the user.
Paying for a $ 1000 transaction will burn .5% CRPT. If CRPT currently costs $ 2.5, then you will burn 2 CRPTs.
It's important to understand that tokens are not integers. CRPT has 18 digits after the decimal point. It is therefore not possible for tokens to "run out" because reducing the number of tokens in stable or growing demand conditions on them will increase their costs. Each subsequent deal will require a smaller and smaller token.
Cryptowallet Wallet or Cryptocurrency
The cryptocurrency wallet is a secure digital wallet that is used for storing, sending and receiving digital currencies. Crypto assets and currencies are in smart digital contracts. With smart contract technology, customers do not have to move their money from their wallet to Crypterium. Crypterium makes the process simple; it will simply debit the amount from the wallet and display the remaining amount to the slow.
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