KuCoin announces the listing of a blockchain based decentralized project endeavoring to revolutionize a cashless payment system called Crypterium.
CRPT is now available for immediate deposit with supported trading pairs including CRPT/BTC and CRPT/ETH. All trading activities are to be done utilizing KuCoin Android and iOS App, or to their official website.
What is Crypterium?
Crypterium strives to build a crypto bank accessible to everyone. The platform is being created to advance similiar services to traditional financial institutions but provided to the world of cryptocurrencies. It aims to be a ‘leading cryptobank for the cryptoeconomy.’
Unlike current mobile banks that take weeks to process and issue the card, Crypterium Cryptobank gives Instant processing engine for Fiat-based currency transactions and Crypto allowing any change between the two. With the digital bank, Crypterium can definitely use the Crypto to pay Fiat-based transactions of blockchain assets and with low commissions on 42 million payment terminals that exist in the world and various Internet stores and point of payment.
The Crypterium technology platform is based on algorithms that enable the most effective offer extended through current peer-to-peer networks are natural and third-party cryptographic exchanges. It will soon be succeeded by various free banking services covering from simple peer to peer payments until loans support cryptocurrency.
Products and Services
Mobile Cryptobank: Crypterium will provide instant cryptocurrency payments, loyalty plans, and cashback, contactless payments via, QR, NFC, and AndroidPay ApplePay, and other banking assistance.
Cryptocurrency Acquisition: Crypterium guarantees to produce “solutions for every sphere of retail trade and services,” comprising native alliances with PoS software and crypto-to-fiat contracts.
OpenAPI Platform: Crypterium opens an app store for direct cryptocurrency software and solutions. It also has its decentralized server support and third-party integrations.
Credit Token Exchange: Crypterium advances no borders in financial services, native integrations with the current credits scoring orders, and a platform where users can exchange assets.
The Crypterium CRPT Token
The core of the Crypterium Cryptobank is the CRPT token. No transaction is authorized to transpire on the platform without applying the CRPT token. The CRPT token is distributed through an ICO (Initial Coin Offering).
To use the Crypertium Cryptobank platform users will need to be the CRPT token holder. When payment is done on the platform, a fee of 0.5% of the value of the transaction is CRPT is extracted from the holders CRPT account.