This season many companies take giant steps towards mass adoption of cryptocurrencies. While some in crypto community are waiting for the Telegram IEO and alike products, that will incorporate altcoins to their apps, others continue to hope for a convenient use of the main cryptocurrency. It seems that one company has made a new step towards the dream, where global cryptocurrency is accepted all over the world in online and offline shops.
Following their mission to provide the same services for digital assets, as one has for traditional money, Crypterium has issued the UnionPay supported crypto banking card. This week Crypterium COO Austin Kimm had demonstrated how to cash out local currency, in his case 20 pounds, using the brand new Crypterium card in the livestream video:
The idea behind this card was to issue “the first global crypto card”. Due to UnionPay’s international coverage, the company had chosen the provider as the partner. Union Pay does not have a geographical split in countries or regions (except China), allowing more smooth international banking. The company COO shared that with the new card he could have made a successful transaction “in Turkey, Chile, Brazil or anywhere really”, adding that:
“To date, we’ve issued the Crypterium Card to over 75 different countries. No other card can be issued to as many countries”
The Crypterium solutions have over 400,000 registered users, and this week the company has issued over 1000 cards to its user base. According to the company representative, the initial batch will serve 5000 clients, while the second run is estimated to be from 15000 to 20000.
Adding to its global nature, unprecedented limits, best exchange rates, the company is also advertising that the card will give you “privacy you deserve”:
“The cards are issued from the Philippines, which makes them really private. All the information is going back to the Philippines, a jurisdiction that doesn’t share records with other nations”
In the nearest term, according to Austin Kimm, the company plans to incorporate direct crypto purchases via the app and add the rewards program for holders. With the team 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, these little perks should not come as a problem. The solution for the chinese market, using QR codes instead of NFC technology, is expected to be launched by the fourth quarter of this year.
At the moment the ordering process takes about 5 minutes to complete via the mobile application. The cost of the card vary from one-time payment of $9.99 to upgrading the general plan for the other products. More information is available on the company webpage, dedicated for global crypto card.