Startup Introduces Crypto Cards for Global Payments
If there is one major attribute of humans that is unique, it has to be the want to create things and make life easy either for themselves, of for other humans, and that was one of the reasons why the internet was created, the internet in turn made it possible for other systems to get created. Now we have a plethora of innovative technologies to help us achieve optimal productivity with minimal efforts. Blockchain and cryptocurrency are technologies that are causing disruptions in different industries, because they make business transactions easier and faster than traditional methods, among other amazing features.
In a recent development, a startup that is involved in financial technology and blockchain, launched another innovation known as the Crypterium Card, and one of the unique features of the crypto card is that it is available for global use.
Crypterium Vs Coinbase?
Before the Crypterium card, there have been other crypto cards that were designed to cater to the crypto transaction needs of users in select countries. For instance, the Coinbase card was only made available for the platform’s users based in the U.K., till they announced their intentions to expand to some other European companies. It is obvious that the Crypterium app may have an edge over the Coinbase card, because it has global coverage.
Crypterium is of the opinion that crypto cards are a faster and easier way to perform crypto transactions by users and prior to the launch of the crypto card, they felt there was some limitation that would make it an option that was legitimate enough to facilitate crypto payments.
The firm said another reason why the crypto card is global is the fact that people can order the card from any part of the world and have it shipped to the destination. It may interest you to know that 5,000 users in Estonia preordered the Crypterium crypto card, and they have been able to test the payment services offered by the platform.
Furthermore, the product was also tested by card developers who travelled to different parts of the world with the Crypterium card, and used them to make purchases while paying with Ether, Bitcoin, and Litecoin. The card developers went across Asia, the Americas, and Europe in order to ascertain that the card really had the ability to be used globally. The card is targeted at areas where the banking services are not as developed as they should be like in Southeast Asia, South America, etc., however, according to a Crypterium representative, Siranush Sharoyan, there have been some requests coming from crypto users in the U.S.
The card functions with the Crypterium App, and has more than 500,000 in the U.K. and U.S. Furthermore, anyone interested in getting the card will need to provide proof of residence and proof of identity. There are no transaction fees, however users will pay a 1.5% fee when they make additions of prepaid funds, and there are monthly and daily limits of $60,000 and $10,000 respectively.