Jumat, 05 Oktober 2018

Capverto: Bridging the Gap Between Cryptocurrency and Fiat Money

CAPVERTO  Exchange is an advanced money in light of a flexible utility token that  enormously expands the fundamental focal points of digital money  through a plan straightforwardly tending to the requirements of  populaces most much of the time prohibited from saving money.It  conveys a multifaceted bank like understanding, focused on a prepaid  card that is as simple to use as signing onto a quick all around the  outlined site.In  the meantime, the critical CAPVERTO Token (CAP) at its center backings  propelled highlights, for example, a money back framework distributed  (P2P) financial trade a computerized cash exchanging stage and a  creative digital currency protection item.Over  the span of ordinary utilize, these highlights impact the fundamental  estimation of the CAP recognizing it a particularly adaptable comfort  for the unbanked and underbanked. 
 For most readers of  this article, the ability to store money in a bank, credit union, other  traditional financial institution, or even a crypto wallet is a given.  Most find it simple to take full advantage of the robust tools and  features offered by the modern banking system. However, the 700 million people who, due to advances in modern technology and banking accessibility,  opened their first bank account between 2011 and 2014 likely see their newly accessed security and flexibility more as a privilege. Unfortunately, there are still 2 billion “unbanked” people in the world. Many are in developing nations. But some, 9 million, in fact, are living in the United States. These individuals are joined by another 24.5 million US residents who  are “underbanked”, meaning they don’t have the fiscal resources to take  full advantage of the opportunities banking affords, forcing them to  turn to less scrupulous money managers, options like payday lenders,  pawn shops, and micro creditors.  This results in as much as 5 percent  of their income going toward accessing the money they have earned. It is a broken system, and one Capverto  seeks to change. Cryptocurrency has long been touted as a viable  alternative to traditional banking, especially for populations with  limited financial, transportation, or technological resources. The  advantages of crypto: lower and fewer transaction fees, an immutable  blockchain ledger recording all transactions, and smooth, reliable  account access, are there. But up until now, cryptocurrency has not specifically targeted the  needs of the unbanked and the underbanked. Capverto and its CAP token  have been specifically designed to target these people groups through a  system that marries the scalability and accessibility of traditional  fiat money with the technical elegance of cryptocurrency. 

The Capverto prepaid card program

At the core of the Capverto platform is a prepaid card. The prepaid  card, or gift card, is a newly prominent, yet robust financial tool that  has grown exponentially over the past two decades. The market is  projected to exceed $3 trillion in the next 4 years. Gift cards and  prepaid cards have met an existing need for flexibility, accessibility,  and guaranteed low transaction fees. The Capverto card is a multi-tiered, internationally available tool  that links fiat payments with cryptocurrency wallets, storage, and  cash/token management. Capverto plans to integrate its prepaid card from  the start of the program in an effort to create an accessible service  for the 2 billion people worldwide who need such a tool. The card tiers are color coded for simplicity and ease of navigation.  Capverto’s most basic card is blue, followed by gold, platinum, and  black. Platinum and black are invitation only options. The blue card is  priced at $100 through the ICO, with that amount transitioning to CAP  utility tokens upon purchase. The CAP tokens must be held for a six month minimum. This is an  advantage for card holders, as the CAP value will increase with  increased transactions on both Capverto exchange accounts and fiat-like  purchases. CAP-linked cards are also used to reinvest up to 2 percent of the  transaction value into the platform every time the card is used. This  enables a cash back rewards system for transactional users of the  platform when they use the card at linked retail and service  establishments. 

Bringing it all together within the Capverto platform

With the Capverto prepaid card, the problems of fiat-crypto exchange,  a need for financial incentives rather than penalties for unbanked  people, and the sustainability of the CAP token are solved. Users can  additionally take advantage of other features Capverto offers, such as  transferability, P2P lending and borrowing, and insurance beyond the  security the blockchain platform provides. In other words, using the Capverto prepaid card option is not just a  tool to fulfill the immediate needs of the underbanked. It is a doorway  to new opportunities and options for their money management, one that in  the traditional banking world, would never have been attainable for  them. Capverto’s prepaid card has the potential to change people’s  financial future for the better.
Comprehensive  managing an account frameworks are motors of monetary development and  destitution decrease. Without access to the full range of managing an  account administration, unbanked populaces must turn to outlets like  microcredit systems and payday banks to satisfy their money-related  necessities regardless of the high loan fees, soak charges and  constrained by and large adaptability of such choices.The unbanked require more attractive, more adaptable choices.Cryptographic  forms of money hold impressive guarantee in these regards. They don’t  require the mind-boggling framework and administration of customarily  brought together back, nor do members in their ICOs need to have broad  monetary chronicles or travel face to face to any branch  workplaces — both normal hindrances for unbanked people.Interest  is regularly as clear as passing a couple of security checks to open an  online record, and it accompanies the focal advantage of less and lower  exchange expenses.To  date, advanced monetary forms have picked up footing by decentralizing  and streamlining the money related undertakings that once went solely  through conventional organizations and on account of installment card  utilize were expensive on the grounds that they required numerous  gatherings to process. In any case, these tasks have not yet  particularly focused on the necessities of the unbanked/underbanked. 
 CAPVERTO  Exchange is putting forth an ICO focusing on the unbanked/underbanked  guaranteeing they have chances to saddle the one of a kind advantages of  digital currency.

Token Details:

Token details:
Token :CAP
Price 1 CAP = 1.82 USD
MVP/Prototype :Available
Platform :Ethereum
Accepting :ETH
Soft cap :1,125,000 CAP
Hard cap: 171,375,000 CAP
Country :Denmark
Whitelist/KYC :KYC & Whitelist 
Author: SanZoldyck

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