As soon as a customer downloads the Crypterium mobile banking App, he will be able to start making transactions in the current VISA, Mastercard or UnionPay infrastructure.
Crypterium Cryptobank will be made available for download via the IOS or Android marketplace and is planning to be ready-to-use on mobile devices immediately.
Crypterium uses NFC HCE (host card emulation) protocols to tokenise the data on the virtual paymentcard and in turn the POS terminal reads the connections as if it were a standard plastic card.
Only CRPT (Crypterium token) tokenholders are able to use the Crypterium cryptobank platform. Every time a personmakes a payment, a fee equal to 0.5% of the value of the transaction in CRPT is taken from the Crypterium token holder’s account and is burnt as fuel for the transaction. Ownership of Crypterium token creates a reservethat can be used as the fuel for future transactions.
Those token-holders that are also merchants using the Crypterium payment platform foracquiring will be entitled to fee discounts of up to 50% from standard fees (exact details will depend of the date of launch of the acquiring solutions which as per the road map will come after the crypto payments platform).
October 30, 2017
January 12, 2018
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Crypterium (CRPT) is digital mobile cryptobank. Crypterium is aiming on provision of comprehensive vertical integrated services, considering collaboration with other cryptocurrency solutions and teams of blockchain enthusiasts.