What is Crypterium?
The transactions are faster, more secure and cheap relative to traditional banks. In simple terms, Crypterium is geared towards availing the same services traditional financial institutions offer but in the crypto world. To make this possible, they shall be a service that inculcate the best ideas from the blockchain community while using a PoS software and crypto-fiat conversion to drive adoption.
Crypterium will interconnect the financial world and the future crypto-economy and for mass adoption, their application can be downloaded in Android or iOS powered mobile devices meaning their blockchain is light.Aside from that, Crypterium provides instant processing engines for crypto currencies and fiat transactions.
The product allows users to; receive, store and transfer cryptos, get special guides on how to buy and sell cryptos, receive real time account balance updates and exchange cryptocurrencies.
The utility token for Crypterium is CRPT and they shall be used for transactions purposes within the Crypterium ecosystem. CRPT is based on the ERC20 standards as it’s built on the Ethereum blockchain. The token values are burnt as fuel when one makes payment using the CRPT tokens on the Crypterium app. This burning process is conducted by Ethereum’s smarts contracts.