12 August 2020, 21:08
2 min reading
Crypterium COO Austin Kimm held a Livestream on August 11th, to outline some exciting developments from Crypterium and give us both the good news on Crypterium Card VISA launch and new token additions, as well as updates on UnionPay Card. Get an honest and straight-forward look at project development over the last several weeks. If
Crypterium COO Austin Kimm held a Livestream on August 11th, to outline some exciting developments from Crypterium and give us both the good news on Crypterium Card VISA launch and new token additions, as well as updates on UnionPay Card. Get an honest and straight-forward look at project development over the last several weeks.
If you weren’t able to join the Livestream, or you just want to take some notes, you can Re-watch it here!
Or you can do it the easy way and read our key points below.
We are extremely excited about the launch of the Crypterium Card VISA Edition. It’s a reasonably priced Card with some pretty great features. Not only is it cost-effective, but it is currently 100% successful in our payment tests. Although it is primarily programmed for Europe and other key countries, there remains a strong demand for further availability.
Crypterium Card VISA launch has given us a lot of positive feedback in terms of the press and crypto community. Around 60 articles were written, including a piece in Forbes. So if you were researching Crypterium at this time, the Card was a key driver to that.
What is more, Crypterium is currently in the final stages of very detailed discussions about launching VISA options for US and Canadian customers.
Crypterium Card UnionPay started out with a successful launch. Unfortunately, the card issuer, which has the license with UnionPay, got into some difficulty, and it had a negative impact.
Our team did everything we could, including guarantees and legal support materials to continue the program, but at the end of the day, Crypterium Card UnionPay program was affected. Fortunately, users will be able to recall their money loaded to the Card. The team is currently working on a solution to deposit the money back into users’ accounts, forgoing the need to process through the partner.
The UnionPay Card option won’t be re-launched anytime soon. With all of their positives, UnionPay is not as crypto-friendly as VISA at the moment. That is why Crypterium’s focus has primarily shifted to the VISA network. However, the possibility of the Crypterium UP Card relaunch remains.
Ideas on white labeling were mentioned in the previous live streams several times. But now, we’ve put those ideas into action. With white-label, Crypterium has added a whole range of additional products, signing an average of 2 major clients per week, for the last 2 months. Each of these companies brings a significant user base, with one major partner having over 150,000 users. Our white-label platform will allow them to send bigger payments, at a fraction of the cost. This is just another avenue Crypterium is exploring, along with our retail base.
Several currencies were recently launched on the Crypterium App. Users now have the freedom to crosspair their favorite tokens, as all available currencies and tokens in the app are exchangeable. You now have the ability to exchange BTC, ETH, LTC, CRPT, USDC, USDT, EURC, EURS, LINK, MKR, QASH, BAT, ZRX, REP, OMG, BCH, DAI, XRP, and DASH with just a few clicks!
Although Crypterium has recently increased its cashout limits to Mastercard, we didn’t stop there. The company is in the final stages of getting a UK license, which will allow it to carry out crypto activities out of the UK.
In the next few weeks, we will be launching ApplePay. Integrating it with our virtual card option is just on the horizon. This will make full use of the Crypterium App, almost instant for people just signing up.
In addition, we will be producing some new and exciting key products. We are personally excited about our Predictions product. This will give us the ability to guide our users, as to what we think is going to happen to a particular token. Our AI predictive tool gives some pretty accurate predictions against 100 different tokens. The product will give a percentage of certainty, based on the tracking of the token community and chatter surrounding it. Of course, nothing is 100%, but in tests over the last year, it has gotten it right almost every single month. We are looking forward to releasing this exciting product.
Crypterium continues to innovate new ways, to provide all of your digital asset banking needs. All in one place, right at your fingertips.