Crypterium Offers Customers Exclusive Offer on Telegram (GRAM) Tokens

Telegram’s token offering has been subject to fiery debate in the last few weeks. Many are wondering how they will leverage their colossal userbase to implement use cases for the token. This is why Crypterium, a FinTech company running a wallet service with over 500,000 users, is inviting existing and new customers to reserve GRAM tokens before it is rolled out worldwide, October 2, 2019.

Getting in on GRAM

Steven Parker, CEO of Crypterium, believes that the launch of GRAM is a landmark event in cryptocurrency. The messaging app has a massive existing userbase, and therefore there are already so many things Telegram can do to ensure GRAM’s widespread success. With such a breakthrough just on the horizon, Parker emphasizes that he wants to allow his customers the opportunity to get in on GRAM with no exclusion.

Starting from today, new and existing users of Crypterium can reserve GRAM in exchange for BTC, USDC, or Crypterium’s native CRPT token. The exchange rate will set at the daily fixed rate, which starts off at about €3.5.

From the surface, this offer is enticing as it allows users to get in on the token without having to wait for it to list on a favored exchange. It also helps remove short term volatility and price risk that the cryptocurrency market is notorious for.

Crypterium conveys that the price a customer pays for GRAM is final, and even if it shoots up 10 times by the time of delivery, it will be credited to the customer’s wallet at the price initially decided upon.

BTCManager reached out to Matias Lapuschin, Senior Communications Manager who offered his comments on this move:

“There are two main reasons behind this unique opportunity. First, our desire to thank the entire Crypterium community for its ongoing support throughout the development of our amazing cryptocurrency wallet and global cryptocurrency card. Second, Gram is one the most awaited tokens in the history of the crypto market and allowing people from all over the world to save their stake of it could be broadly beneficial in terms of user acquisition.”

Telegram Could Change the Payments Game

It’s too early to say which route was more viable, but Telegram has chosen the fork in the road that Libra has refused to walk down. Libra wants to launch with the full blessing of global regulators, while Telegram is launching its token with minimal regulatory clearance. Safe to say that both companies are staying true to their core ethos.

Many concerns regarding AML and terror financing have been brought with regards to GRAM, and they are incredibly relevant to this context. If Telegram can find a way to curb a bulk of illicit activity, it can very easily change the entire payments sphere and establish themselves in a completely new domain.

This would give them a surge in users as well as revenues, but it is a long shot in today’s regulatory climate. Cryptocurrency regulations are, at best, mercurial. Block.one scoots away with slap on the wrist while others like Kik are being dragged through the mud.