Hi All,
Are the tokens not just adding a layer to Crypterium through the fiat banking system, as opposed to freeing crypto-banking from the current fees and charges that it is indeed trying to free us from within the current banking system?
Don`to get me wrong, I believe we in crypto-currencies desperately need a banking solution, I just do not understand why you want to add so many micro transactions to a system which seems to defeat the purpose, for example: cards, loyalty membership et al.
Thanks in advance.
Traditional banking system will not go anywhere for a long time. Also, in order to bring cryptobanking to the same level with traditional you need crypto community to expand to a much wider audience. Through simplifying routine crypto asset management Crypterium is giving an unexperienced user an ability to enter the world of crypto and through this Crypterium is bringing more users to crypto community. We are not planning to work with traditional banking partners for too long and going to apply for our own banking license in 2019. But even after that our cryptobank will provide services in both crypto and fiat ecosystems which we believe to be one of our strongest strategic advantages. Our mobile bank with standard everyday services will be launched in Q1 2018.
Additional launch services will include:
− Multi-currency transactions (write-off multiple currencies simultaneously)
− Photo-payments simply take a photo of the invoice and send to Crypterium and well do the
rest (this may incur additional charges)
− QR payments for Crypterium infrastructure users
Following services is planning to be included:
− Traditional banking services (following the acquisition of a banking licence) that will enable classical banking services to co-exist with cryptocurrency services
− Peer to peer crypto and fiat currency transfer
− Interest earning crypto deposits
− Banking statements
− Salary accounts
As for the second aspect of your concern cards not even physical, but virtual are no more than a payment tool, transportation channel if you like. There is no point in climbing a mountain when you have a tunnel, right? As In Q1-Q2 2018 we are planning to implement our own cryptoacquiring solutions which won't require any cards at all and will be contactless and mobile as well.
Loyalty Reward? We just want to be friendly here, giving our users something nice in return for their support.