The cryptocurrency industry has come a long way, especially in the last five years. It advanced on every front, including development, adoption, regulation, and the number of available projects dedicated to different trends has reached impressive heights.
Of course, that doesn’t mean that all crypto problems are solved, of course. Scalability and high gas fees still remain an issue in many projects, and, while the regulators are certainly taking the crypto industry seriously these days, they still struggle to adequately regulate it.
Meanwhile, adoption has skyrocketed, but it is still far from reaching the mainstream. Some believe that the industry is still too complex for an average person with no technical knowledge to get use to using it. This caused a number of projects to emerge and take a shot at simplifying things for those who have yet to adopt digital currencies, and Crypterium (CRPT) is one of the best examples of this.
The project has developed an impressive app that allows users to spend crypto in everyday life, and along the way, it started solving several of the mentioned problems, while providing countless benefits.
What Problems Does Crypterium (CRPT) Solve?
Crypterium is trying to solve some crucial issues regarding the cryptocurrency industry that are aimed at ultimately allowing digital coins to enter the mainstream. For example:
Pushing crypto adoption
By making it simple to use and spend cryptocurrency in everyday life, Crypterium is actively working on pushing cryptocurrency adoption. Its services can be used almost anywhere in the world, other than countries like China, which banned all usage of cryptos, from making transactions to trading, investing, and more. Anywhere else, however, users can download Crypterium’s mobile app, order their personal crypto card, and pay with coins wherever they go.
Bridging transitional finances and digital assets
Crypterium’s other way to help push crypto in the right way is through combining traditional finance and digital assets in its wallet. It supports numerous coins and tokens, with more than 200 exchange pairs at the users’ fingertips at all times, making it easy to diversify your portfolio, if you wish to use its app for making investments, instead of just storing and spending crypto.
Educating users about crypto
Finally, the project understands that adoption can never truly be achieved unless users understand cryptocurrencies, what they are, how do they work, what can they do, and why they are better than traditional finance. As a result, the project is educating users about the crypto industry, step by step, offering knowledge in small portions that will not overwhelm the new user.
Benefits of Crypterium (CRPT)
Now, let’s talk about the benefits that each individual user gets by using the project’s app and token. There are quite a few of them, but we will list and explain some of the most important ones.
Spend crypto easily in everyday life
Using cryptocurrencies in everyday life is still difficult to do, as it requires merchants and service providers to start accepting them, which is a slow process, even though it has been happening in the background. However, Crypterium acts as an intermediary, allowing you to spend crypto while paying for things, while the merchants themselves receive their preferred currency, thus fulfilling everyone’s wishes.
Crypto management and trading in one place
With its app, users can do anything — from trading crypto to topping up their phones, opening savings accounts, order their global crypto card, and more. Everything you can think of doing with your coins is available through the app, making it, as the project itself says, “the only wallet you’ll ever need.”
Get a global crypto card
A crypto debit card is nothing new, as they have been around for years, produced by many companies. However, Crypterium’s card comes in combination with its easy-to-use, multi-purpose app, and together, they offer a kind of service that stands out and beats all competition.
Pay your fees with CRPT
It is also worth noting the project’s native cryptocurrency, the utility token CRPT. The token is the key player in the Crypterium ecosystem, and it ensures fast, secure value transfer. On top of that, it can also be used for covering the fees on all crypto-to-fiat transactions, and each time it gets used, the 0.5% gas fee in CRPT is charged and burned at the end of the month. In other words, the more you use it, the more tokens are removed from its circulating supply, which means that the remaining tokens become that much more scarce, which will eventually increase their value.
High-yield savings account
Lastly, we mentioned that you can use the app to open a high-yield savings account. Storing coins inside of the account will grant you up to 15.6% APR on your digital assets, which is quite an outstanding rate. It is applied on BTC, ETH, USDT, USDC, DAI, TON, and CRPT itself.
How Does Crypterium (CRPT) Work?
Crypterium is a project that offers a mobile app that allows users to spend their coins in everyday life. The app also comes with a number of other functionalities, such as allowing trades and investments, opening savings accounts, and ordering a crypto payments card that allows users to pay for goods and services almost anywhere in the world.
The project’s idea is to educate people about crypto, offer an easy-to-use app that will allow them to engage in crypto usage and management with ease, and generally, make cryptocurrencies simple enough so that any intimidation that the complexity of the crypto industry that were caused in the past can finally disappear.
The evolution and development of the industry are advancing rapidly, and crypto is much easier to handle today than it was a few short years back. Users no longer need to get in direct contact with blockchain technology in order to use it, and Crypterium wishes to demonstrate that with its product.
Bottom Line
If you are considering switching to cryptocurrencies but you are concerned about the difficulty of using them, or even managing them, then Crypterium is the right project for you. It makes using digital coins extremely easy, and with its help, the crypto industry might actually be able to speed up adoption. This is why we thought that it is important to talk about the project and show you that there are options out there,even for those who believe that their lack of knowledge about the industry might prevent them from using it to their advantage.
