“You can now cash out your Bitcoin with Crypterium” — beta testers on our new big feature Crypterium Follow Oct 10, 2018 · 3 min read

We’re thrilled to say that the beta testing of our next le-gen-da-ry feature is going great so far! First transfers from crypto to traditional bank accounts have gone through and we’ve already received a lot of positive feedback from our early users.

Scroll down to see what they say, but first let us remind you what we’re about to go live with.

Crypto made easy

The feature we are launching lets our users send crypto to both business and personal bank accounts. For instance, customers can refill their PayPal balance, send money to their friends or pay for a hugely diverse range of bills, including internet, credit card bills, utilities, weekly rent, mortgage and etc — wherever bank transfers are accepted as a method of payment, they can now pay with Crypterium App.

With Crypterium, it is not even necessary for a recipient to accept cryptocurrencies because it can receive the purchase amount in fiat.

How does it work

Technically, Crypterium users can send money to any bank accounts that have an IBAN number (that’s why some users call the new feature ‘IBAN transfers’). The electronic payment system identifies payment details, thereby making it easier and faster to process transactions when money is sent to another country.

IBAN is primarily used in the European Union, so if you’re trying to send money to/from Europe, you’ll probably need a valid IBAN.

Prior to that, Crypterium released a similar option for Australia. Thanks to the app, the country’s residents have been using crypto bank transfers for about two months now.

About Crypterium

Crypterium is building a mobile app that will turn cryptocurrencies into money that you can spend with the same ease as cash.

Shop around the world and pay with your coins and tokens at any NFC terminal, or via scanning the QR codes. Make purchases in online stores, pay your bills, or just send money across borders in seconds reliably and for a fraction of a penny.

Learn more at http://crypterium.com/ and join the discussions in ourTelegram Chat.