The bearish crypto market hasn’t scared off people. The number of users has duplicated in less than twelve months. As the number of crypto holders increases on a daily basis, one question gains significance: how to spend cryptocurrencies?
We all agree on it. Last year was not a great one for the cryptocurrency market. We’ve all seen how the total market capitalization moved from over $828 billion in January 2018 to a rough $130 billion in just twelve months. Scary? Maybe. But not enough to stop crypto adoption.
A recent research by the Cambridge Centre for Alternative Finance showed that the total number of cryptocurrency users grew by a stunning 94 percent in 2018, despite the bearish market conditions. A true silver lining, eh?
To be more specific, the number of cryptocurrency users was nearly 18 million by the end of 2017, while last December that same metric stood at 35 million. It’s worth noting that these figures only represent retail investors, consumers, and enthusiasts in search for alternative investments or payment methods. Businesses were not considered in this study.
Whether it’s due to the upcoming Bitcoin Halving 2020 or just to try something new, the number of people going into crypto continues to increase day by day. Now, if these people are turning a blind eye on the calamitous market performance, it’s likely they intend to remain within the crypto space for long. But… do they have the right instruments to do so?
Nowadays, accessing the crypto market presents no difficulties at all. You can either download the Crypterium App and buy digital assets straight from your bank account OR you pick one of the hundreds of cryptocurrency exchanges offering fiat-crypto gateways.
Another option is to find a cryptocurrency ATM near you. Surprisingly, a recent study by DataLight shows the number of crypto ATMs duplicated last year alone to over 4,000 units distributed in about 75 countries. That’s about 5 new crypto ATMs installed per day.
There is no doubt getting into crypto is now much easier than it used to. But what about spending it? How can people spend their digital assets without getting out of the crypto space?
Oh... There you are — standing at the queue in Starbucks. You’ve ordered the usual: a Triple, Venti, Half Sweet, Non-Fat, Caramel Macchiato. If you’re anything like most crypto folks, the chances are you’ve asked yourself the same question over and over: “Is there a simple way to use my digital assets to purchase overpriced coffee?”
Not long ago, the answer was a simple and plain ‘no’. You had to exchange your cryptocurrency back to fiat, withdraw it to a bank account, and finally get your coffee (cold, of course).
Today, there is a better way and it’s called Crypto Debit Cards — one of the latest developments in crypto implementation that enables you to spend your digital assets on the go, anywhere you want, for online or offline purchases.
It doesn’t matter where you are currently based, or what is written in your passport, you can order a crypto debit card with just a few clicks. Unlike traditional payment cards, crypto analogs are way less complicated to access. The Crypterium Card is a great example. You can apply for crypto debit card in a blink of an eye after completing our super fast KYC process.
Crypto debit cards are just like any other traditional bank card you may own. They’re made of plastic (although you also have a virtual version), they’re issued by a financial institution, you can use them to withdraw cash and yes, they’re widely accepted around the globe.
A Crypterium Card holder, for example, can access over 42 million terminals worldwide, as well as online shops. That’s what we call “freedom”... Moreover, crypto holders only get to exchange the required amounts. And they always do it at the most competitive rates in the market, which are automatically generated by Crypterium SX — a powerful bid-matching tool integrated with the world’s top cryptocurrency exchanges.
Sure. Crypto debit cards are an excellent option to spend crypto on the go. But let’s face it. There are times when only cash can get the job done. With the Crypterium Card, you don’t need to wait for a wire transfer. You get to an ATM and withdraw all you need, no twisted process or questions asked. Also, the high card limits ensure you’ll never face an uncomfortable situation.
Typically, crypto debit cards can be easily controlled through an App. Checking your balance, managing your pin, history, everything can be done in seconds from a mobile.
Digitalization is taking us all to a new era. One in which money is no longer seen as the face of famous president printed on a piece of paper, but rather a combination of numbers and letters. This is radically changing the way we use money. Crypto debit cards, such as the Crypterium Card, play a major role in the race for global cryptocurrency adoption, allowing people to spend their digital assets for day-to-day expenses, with the same ease as the dollar or the euro.
Crypterium is one of the most promising fintech companies, according to KPMG and H2Ventures. We are building a mobile app that meets the banking needs of the digital assets era.
Our goal is clear: with Crypterium, whatever you can do with traditional money you will able to do with digital assets. This idea is supported, among others, by the co-founder of TechCrunch Keith Teare and over 400,000 registered users, and the number is growing by day.
The team is led by former General Manager of Visa Central & Eastern Europe Steven Parker, and C-level executives from global financial institutions, like Renaissance Insurance, London Derivatives Exchange, American Express etc.
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