07 March 2019, 09:03
2 min reading
Smartphones are probably the most widespread invention of the 21st century that has already become an integral part of our lives. According to the latest report from Limelight Networks, 48% of global consumers can’t imagine even a single day with no access to their smartphone. Crypterium is going to make those smartphones even more useful
Smartphones are probably the most widespread invention of the 21st century that has already become an integral part of our lives. According to the latest report from Limelight Networks, 48% of global consumers can’t imagine even a single day with no access to their smartphone.
Crypterium is going to make those smartphones even more useful with an App that will allow instant payments in cryptocurrency using existing payment infrastructures such as NFC terminals or QR codes. The first step in that direction has been taken — we now let you replenish your phone balance with Bitcoin.
During the past few years, the mobile prepaid service has been growing exponentially all over the world. There are nearly 3.5 billion prepaid mobile users worldwide who now get the opportunity to top up their mobile phones with crypto in three simple steps:
· Enter the phone number you’d like to refill — Crypterium supports top ups to SIM cards of over 500 operators
· Select the amount — The fees are the most competitive for online top ups
· Pay with Bitcoin — Top ups happen as soon as the bitcoin transaction reaches one confirmation, normally within 10 minutes.
It’s really that simple. You can now use cryptocurrencies to refill your own phone on the go or to send top ups to friends and family across the globe. No matter where you are, the refill will be credited instantly.
Out of all Crypterium App features this one will be the first to use crypto-fiat solutions. This means, the first CRPT tokens will be burned once users start refilling their phones using cryptocurrency.
Just as a machine operates on fuel, Crypterium payment solutions are powered by CRPT tokens. Every time someone makes a crypto-fiat payment, a fee equal to 0.5% of the value of the transaction in CRPT is taken from user’s account and burned.
The process is regulated by Cyrpterium’s smart contract, so there are no exceptions: with each transaction the number of tokens in circulation reduces.
But don’t worry: we will not run out of tokens. Following the laws of economics, increasing demand for tokens will increase the price thereby reducing the amount that is going to be burned for each transaction.
Crypterium is building a mobile app that will turn cryptocurrencies into money that you can spend with the same ease as cash.
Shop around the world to pay with your coins and tokens at any NFC terminal, or via scanning the QR codes. Make purchases in online stores, pay your bills, or just send money across borders in seconds reliably and for a fraction of a penny.