Without a doubt, 2020 has been a stellar year for the crypto industry. Bitcoin began a spectacular rally, which once again attracted the attention of not only retail, but also institutional investors around the world.
Earlier this year, electric vehicle maker Tesla announced that it had invested $ 1.5 billion in bitcoin. In financial statements filed by Tesla with the US Securities and Exchange Commission (SEC), the company noted that the investment will increase the flexibility and diversification of its investment portfolio, and will also help maximize Tesla’s return on cash.
In response to this news, the bitcoin rate immediately renewed its historical maximum, which at that time was about $ 48,000. However, the bulls did not stop there and soon moved the record above $ 61,000.
There was nothing surprising in such a reaction of the cryptocurrency, since Tesla CEO Elon Musk has long become one of the main influencers in the cryptoindustry. At the same time, he consistently demonstrates a bullish sentiment, both in relation to bitcoin and digital assets in general.
In addition, rumors have spread throughout the market that Apple is also preparing for massive BTC purchases. Recently, analysts at the Canadian investment bank RBC Capital Markets noted that adding bitcoins to the balance sheet of the iPhone manufacturer will open up great opportunities for him.
“[Apple] can immediately gain a significant share in this market and revolutionize [крипто] industry, ”analysts suggested, pointing to the company’s unique ability to integrate Bitcoin support into its hugely popular Apple Wallet.
Such a revolutionary move could increase the company’s quarterly revenues by tens of billions of dollars and a record increase in Apple’s market capitalization.
Bitcoin has remained in the spotlight lately, but many leading industry experts are reminding that other lesser-known digital assets also have great potential. These include CRPT, a token based on the Ethereum blockchain. It is used to carry out crypto-fiat transactions on the Crypterium platform. It is an innovative cryptocurrency bank that has received KPMG and H2 Ventures awards as a leading startup in the fintech segment.
Under the leadership of Stephen Parker, the former CEO of VISA, the company has come a long way in two years, breaking into the leaders in the segment of providers of cryptocurrency wallets and related services. In 2020, the Crypterium wallet was used by clients from over 170 countries.
“Our goal has remained unchanged since the inception of the project. We are making it as easy to use digital assets as it is to use cash. Crypterium solutions break the mystery of cryptocurrencies and make it easy to buy, exchange, cash out and invest in them. We are already approaching this goal thanks to our two B2C products – the Crypterium wallet and the Crypterium card, ”Stephen Parker told reporters.
The company stressed that all services of the Crypterium wallet are collected on one easy-to-use mobile platform. This solution, available to users of iOS, Android and Internet browsers, combines tools and solutions popular among crypto enthusiasts. At the moment, the Crypterium wallet gives users the ability to store, buy, exchange, cash out, invest and spend digital assets right from the mobile app.
Back in 2020, Tika Tiwari, a popular market analyst and editor at Palm Beach Research Group, included the Crypterium CRPT token as one of the most promising cryptocurrency investments.
The former hedge fund manager believes that the value of CRPT could rise by 700% in the next two years. In his forecasts, he relies on the expected volume of payments flow in the Crypterium network.
The Crypterium Project recently issued a press release highlighting how the growing interest in digital currencies during the 2020 pandemic has impacted the industry. Last year, the project’s monthly profit increased 10 times, and the turnover reached € 150,000,000. It is possible that the industry will show record growth rates for several more years.
By the end of February 2021, turnover in Crypterium had already reached 50% of the cumulative figure for the previous year.
“We project gross dollar volume (GDV) to reach $ 100 million over the next two years. Assuming that the CRPT burn rate remains the same, the token price will rise to $ 1.92, ”Tiwari noted in his article.
Tiwari’s estimates are based on real data. The expert focused on the number of crypto-fiat transactions that Crypterium processes, as well as the company’s growth trajectory and the expected increase in interest in cryptocurrencies in the coming years.
“CRPT is the native token of the Crypterium wallet. Every time someone uses a Crypterium wallet or Crypterium card to make a purchase, they are charged a 0.5% commission in CRPT. The most interesting thing is that for this the user does not need to be a CRPT holder. “
Approaching B2B as a growth tool
In addition to its unique advantages, Crypterium is distinguished by its approach to user acquisition. Unlike other cryptocurrency companies that rely heavily on large advertising budgets, the Crypterium team has taken an innovative approach that focuses on customer registration through a white label program.
Companies are able to offer their users reliable services through the Crypterium wallet and payment infrastructure. This mechanism helped the company attract new users. In 2020, the project signed agreements with over 100 partners.
Private equity: a step into the future
To accelerate its expansion, Crypterium decided to issue shares to retail and institutional investors through Seedrs, a UK-based online fundraising platform that has helped projects raise over $ 1 billion in investment. The platform works with such well-known projects as Revolut, Oval, CapitalRise.
The funding will help it accelerate its international expansion, dramatically improve its Crypterium VISA program, attract new B2B customers and obtain new licenses.
Is Passive Income a Secret Weapon?
The project is interesting for crypto enthusiasts not only by the potential opportunity to make money on the growth of the CRPT rate. Crypterium offers passive income for its ERC-20 tokens.
Now CRPT holders are offered an annual rate of return on deposits of 15%. It is also possible to place deposits on the platform in other popular cryptocurrencies, including USDT. However, the potential profit from CRPT is much higher.
CRPT grew 321% in four months
CRPT, the native cryptocurrency of the world’s largest crypto bank, Crypterium, has tripled its price over the past few months, while Bitcoin is up just 294% to $ 58,000.
CRPT has good potential with 300% growth in transaction volume and € 150 million in turnover in the Crypterium ecosystem.
In the long term, CRPT is a highly promising project with an ambitious goal of reaching $ 1 billion in transactions and serving more than 5 million users worldwide.
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