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Key Points From Livestream With Crypterium CEO Steven Parker

April 12, 2019

If you couldn’t make it to our latest livestream with CEO Steven Parker, watch it here or read the key points on Crypterium’s launches and plans for the future.

As you’ve probably noticed, Crypterium is rapidly changing to offer a wider number of features within a faster, more flexible and secure environment. Moving to a back-end solution developed in partnership with BitGo was a big step that now opens the doors to new exciting developments, such as listing up to 16 different coins in the app or ensuring that Crypterium Card transactions are processed seamlessly no matter where you are.

These key points from CEO Steven Parker’s livestream will give you a clear view on Crypterium’s top priorities, ongoing projects and plans from the future.
 

The Crypterium Card Is On Top

Launching the first global crypto card is a top priority for us right now. We've got nearly 10,000 pre-orders so far, which is more than we had expected. The first 1,000 will be completely free. To ensure that all our clients have a fair chance to get the Crypterium Card free of charge, we’ve launched a referral program that allows you to jump in the queue.

While some of you believe that 10,000 is not really a big number, you have to understand that the cards haven’t yet been actively promoted outside our community. We want you, our followers, to be the first one to get it before moving into an aggressive marketing stage. Until now, all marketing efforts are non-paid.

We will start shipping at the end of April. I cannot confirm a particular date yet as some operational issues in terms of flow are yet to be resolved.


New In: C•LEVER

Our crypto-backed loans are officially here! C•LEVER loans allow you to borrow stablecoins (Tether - USDT) by using more volatile crypto assets, such as Bitcoin or Ethereum as collateral. The great thing about this lending service is that it offers a very competitive rate of 0.5%/month. You can go ahead and try it. And, of course, don’t forget to tell us about it.

 

 

Why not use CRPT as collateral? At the moment this service is on a test phase. We’ve decided to first move forward with coins that have a wider circulation and then, why not, add CRPT.
 

Coming Up: Crypterium SX, Stablecoins, MasterCard Payouts

The Crypterium App has been heavily updated lately to increase the efficiency and flexibility of our services. The partnerships with BitGo (back-end) and with Jumio (know your customer) are essential in this sense. Most of you would agree that transactions are now much faster than ever before, something that led to a drastic reduction in the number of complaints.

In the next couple of weeks we are planning to introduce payouts to MasterCard accounts. Simply put, you can send your digital assets to any MasterCard in the world for a very low fee.

Another big thing that we are rolling out soon is the listing of stablecoins. Following social feedback we’ve received from you, we have been negotiating with market leaders of this field and we expect to add the first one to the app in just a few weeks.

To guarantee that all your transactions always get the best exchange rates available, starting from next week the “exchange crypto” feature will enabled and powered by Crypterium SX — our own bid-matching system built on artificial intelligence to dynamically monitor rates from the top exchanges.

 

Handshakes That Matter

Our business development team has visited various events recently. Elena Ryabko, Head of Strategic Partnerships, joined Money 20/20 in Singapore and Austin hosted high-level meetings in Mumbai on the sidelines of Fintegrate Zone 2019.

Me, personally, I’ve met with representatives from my old employer — VISA — here in London. We are evaluating different ways to work out together. I’ve also talked to many software providers and crypto-related companies and projects that could be potentially added to our app.
 

Coinbase Card: We Are Way Ahead

If you follow cryptocurrency news, you’ve probably heard that Coinbase has launched its own card solution. A prepaid VISA that lets the exchange users to use assets in their balance.

We have nothing to fear simply because the Coinbase Card isn’t bringing something new to the table. Only UK residents can apply for this card. The Crypterium Card is global. No matter where you are based, you can get one. We’re certainly doing better than Coinbase in this sense.

 

Monthly Subscription Vs. Token Lock Up

The decision to move forward with a monthly subscription model, rather than a token lock up was taken for one reason: we want you to use your coins, not lock them up. Also, the more people using our card solution, the better conditions we can offer them.

 

Four Months In The Job — It’s Been Great!

I'd been now working with Crypterium for over four months and I have to admit it’s been a great experience. Crypterium is integrated by a solid, professional team and supported by a great community always ready to provide insightful feedback to improve our services.

About Crypterium

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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