There is no wonder that cryptocurrency is ruling the financial world today. With its tremendous rise and influence on global transactions, the conventional banking and payment systems are somehow merging and allowing exchange with cryptocurrencies. Recently the agreement signed by NetCent, a cryptocurrency exchange, with obanc.com.au is the best example of this.
It’s not just the collaborations between cryptocurrency exchanges and traditional banking, but there are some new innovations in the finance world that has paved a new path for advanced transactions. Crypterium is one such innovation.
Crypterium is a crypto bank that serves the sole purpose of handling all your cryptocurrencies on a single platform and meet the basic banking requirements of the modern cryptocurrency era. The platform is being designed to offer similar services to conventional financial institutions thereby catering to the needs of the cryptocurrency world. The main aim of Crypterium is to be a leading crypto bank for cryptocurrencies.
It is similar to that of the traditional banking for fiat money but with the advanced features. Unlike conventional mobile banks that take weeks to process and publish the card, Crypterium Cryptobank provides instant processing engine for Fiat-based currency transactions.
Like any other cryptocurrency exchange, crypterium too has its own crypto token. It is known as CRPT token. To make any transactions using this platform you must first possess CRPT tokens. When a payment is used on the platform, a fee of 0.5% of the value of the transaction is removed from the holders CRPT account.
The owners of Crypterium arranged a special Initial Coin Offering event for the pre-purchase of CRPT tokens. CRPT is based on the ERC20 token standard. It is valid forever and is the property of the respective owners. At launch, a single CRPT will be worth 0.0001 BTC.
The transaction fees on crypterium are reasonable and are totally transparent to the users and the transaction takes mere seconds while simultaneously the bank searches for the best exchange rate available at the specific time. Crypterium also provides loyalty rewards to its customers.