What is the plan?
To be honest, Crypterium is quite an ambitious project. You bet — after all, we are going to change the banking system! But what’s our plan? Do we even have one? Let’s find out!
First of all: we do have a plan. A better one than just to end an ICO and spend the rest of our lives on a private island. Maybe it’s an option, but no sooner than we’ve built the bridge between fiat and cryptocurrency.
“So, what’s the plan?” you may ask. Let us divide it into several parts for clarity.
Part 1. The Beginning
Our main goal after the end of the ICO is to release the first version of our cryptobank. The ICO’s actual results don’t really matter. A good outcome will surely help a lot, but nothing will stop us from developing the Crypterium app.
For the first few iterations, the app will be running in test mode. In the beginning, users will have a crypto account (with an opportunity to bind a fiat account) and will be offered a profitable exchange rate along with access to our payment system.
Part 2. The Acquiring System
This isn’t the biggest and hardest part of our project, even though it may look like one. Our plan is to start out by testing the algorithms and applying them to small shopping spots and e-commerce. Next, we’ll be looking to shift to NFC solutions for business owners.
Part 3. The Credit System
Now this is the hardest part: to build a credit system that will be simple, efficient and easy to understand. We aren’t scared of this challenge and have already started working on the solution.
Simply put, we’re planning to issue a credit token that you can loan for a limited period of time and exchange for any currency. After that, you’ll have to return it.
There will be a certain interest rate, but not as high as in traditional banks. Most probably, there will also be a growing exchange rate, but we’ll do our best to control it. Our aim is to ensure that you don’t wake up one day with a debt of a couple billion.
Part 4. Long-Term Plans
All the previous parts dealt with functions typical of transactional banking. But we aren’t aiming to become yet another intermediary that simply moves your money from one place to another.
Crypterium’s goal is to become much more than that: we want to take the concept of a traditional bank and make it better, faster and smarter in all possible ways. This can be done through the use of cryptocurrency, and we’re going to take full advantage of this chance.
Are you with us?
