What is Crypterium (CRPT)?
Crypterium (CRPT) is the native token of Choise.com, which is a MetaFi ecosystem that aims to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi). It seeks to make crypto assets accessible for everyday use and provide platform users with ways to earn better profits.
Previously, Choise.com was known solely as Crypterium. However, it rebranded in 2022. Choise.com is built on the innovative Charism platform, which brings together DeFi solutions and links them to Crypterium's CeFi infrastructure.
Choise.com offers users a crypto VISA card and a mobile app to expedite smooth crypto transactions worldwide. The driving force behind this platform is the CRPT token, which facilitates crypto transactions on the network.
One key hindrance to the mainstream adoption of crypto has been the complexity of its transactions. Crypterium simplifies crypto use by consolidating features adopted by payment service providers. Through its ecosystem, Crypterium deploys NFC and QR code support to its mobile app to enable instant payments. Additionally, users can sign up for a crypto VISA card and load funds to transact at any VISA outlet. This card supports both fiat and crypto.
Besides, Crypterium has a mobile wallet, which acts as a one-stop platform for managing all user's assets. It allows users to pay merchants, exchange fiat with crypto, and store or transfer their funds. Besides, Choise.com users can transfer funds around the world at ultra-low costs thanks to the platform’s interbank direct payment protocol.
Additionally, sending funds to another Choice.com user is very simple – you only need the recipient’s phone number. This way, users avoid long and complex crypto wallet addresses for simpler and straightforward transfers. Coupled with a steadily rising CRPT price, more businesses will potentially add the token as a payment option.
Use Cases of CRPT Tokens
Primarily, CRPT tokens fuel the crypto-fiat transactions on Crypterium. Meaning that they're used for sending funds or paying for products.
To sustain CRPT price, the ecosystem deploys a deflationary mechanism. Each transaction on the network incurs a standard 0.5% gas fee payable in CRPT. This fee is sent to a burn address, where the tokens are burned monthly. This way, CRPT supply gradually falls while inducing demand when more users utilize CRPT.
Who Founded Crypterium?
Crypterium is the brainchild of former VISA executive Steven Parker. The protocol launched in 2017, billed as a digital crypto bank that supports seamless crypto-fiat transactions. For instance, its mobile-first approach allows anyone with a smartphone to access zero-fee transfers worldwide. The protocol is governed by a London-based organization run by experienced leaders like Keith Teare, founder of TechCrunch.
Fancy investing in Crypterium? Study the live CRPT price chart featured above. It displays both – the current and the previous CRPT price.
