Crypterium, a financial and technological company that is fixated on making virtual currencies as flexible and accessible as fiat currencies, announced its decision to support Ripple (XRP) yesterday.
A few years in their existence, a lot of great things can be said about virtual currencies. Cryptos are fast, secure, and reliable modes of payments that are accessible to everyone who wants to utilize. However, there is one thing a majority of them are still struggling with: stability.
Earlier this year, Crypterium conducted research asking for user opinions concerning cryptocurrencies. After processing multiple feedbacks, the message was clear: Crypterium needs to support virtual currencies in its wallet.
Yesterday, the fintech company took to their website to announce to the world the decision to support Ripple’s XRP on its Crypterium Wallet. The native cryptocurrency of Ripple is not the first crypto asset the company has added as the firm recently introduced support for USD Coin (USDC) and Bitcoin Cash (BCH), too.
New coin in the @Crypterium App! 🎉
— Crypterium (@crypterium) August 28, 2019
What this means for Ripple lovers is that they will no longer be required to register themselves on multiple platforms that support the crypto asset. Instead, they will be able to conduct all their storing, sending, trading, buying, and even withdrawing operations from their Crypterium Wallet.
What is Crypterium
As a fintech company, Crypterium is a full-service solution provider that offers all crypto-related solutions to its users. As a revolutionary virtual crypto bank, Crypterium provides a variety of services that include:
- Banking services: Users can transfer their funds to other users across-borders and earn interest from their crypto holdings and more.
- Prepaid cards that can be used for online and offline transactions that include withdrawing money from supported ATMs.
- Purchasing mobile top-ups and vouchers: Users can top-up their mobile phones directly from the Crypterium platform and also purchase Skype Vouchers using the platform. Over 100 countries are listed in the Crypterium platform.
- The Crypterium platform also acts as a mobile crypto asset wallet that hosts a crypto wallet. What this means is users do not have control privileges to control the private key.
At present, Crypterium wallet is supporting the following virtual currencies on its platform: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC), and Crypterium coin (CRPT). And of course, Ripple (XRP) stands among those cryptocurrencies, too. According to information reaching our desk, the Crypterium management plan to add more virtual assets in the days to come.
How to Get Started with Crypterium
Users who wish to get started with the platform need to download its mobile application and sign up using their personal phone number and electronic mail. Once the account is set up, users are assigned a Crypterium Identification Number.
The Crypterium ID is a unique number that is assigned to every user accessing the platform. Users can use the ID to transfer off-chain settlements to other users in either of the supported currencies. One of the significant advantages of using the Crypterium platform is that transactions done on the platform are free and near-instant.
Hosted wallet solution: Another advantage of the Crypterium wallet is that the private key is not stored within the application.
One cool feature of the latest Ripple (XRP)-supportive crypto wallet: Users can send crypto assets using their mobile number
This new, eye-catching feature is one of the most significant advantages of using the platform. Users using the Crypterium mobile application have the flexibility of sending funds to individuals by using their mobile numbers.
Recipients receiving the funds are prompted via SMS to download the Crypterium mobile application and create a user account. As soon as the account is created, the funds sent by the sender reflect on the recipients account without fail.
Other Features Crypterium is Working On
Guided by its mission of becoming a one-stop crypto-related solution provider, Crypterium is working on several features that will ensure it realizes their goal and mission. Many features are being developed, but some of them that caught out attention include Bank transfer, saving accounts, and Vouchers.
Ripple (XRP) market right now
As we write this, Ripple’s XRP is down by 0.83% over the last 24 hours, which means it’s recovered well from yesterday’s crypto market bloodbath. In contrast to XRP, all other top cryptocurrencies, including Bitcoin, are still in red by at least 5%.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.