Crypterium is the first and the biggest cryptobank creating the future, today. We are gradually obtaining licenses for our activities in order to let you use cryptocurrencies in the same way you use fiat money on a daily basis. And we have some great news to share: yesterday, we got licensed to operate as a financial institution, and it’s definitely something we would like to tell you about.

“A financial institution” — now that sounds good!

The new license is issued by the European Union and opens up exciting opportunities for our business. We are now ready to strike partnerships with companies that only work with financial institutions and integrate with more payment systems. The license also shows that we meet high standards set by the EU authorities for the financial institutions and increases our credibility in the eyes of society.

“We’ve obtained 3 out of 4 licenses that we need for the full launch, and we’re very happy with the progress. It shows the inherent quality of our product. And each step forward grants us a chance to add new features to the Crypterium cryptobank,” — says Gleb Markov, co-founder of Crypterium

The art of making small steps towards a grand goal

As we mentioned, we already had 2 major licenses in fintech and cryptocurrencies that allow us to conduct related activities legally in accordance with the legislation of Estonia. By the way, that doesn’t mean that we can only operate legally in Estonia, as the services we offer are digital, we can as well operate all over the world.

Each license we obtain either opens up new possibilities for our future operations or allows us to upgrade our current activities. With each one, Crypterium grows increasingly stable and transparent as a business — and we don’t just mean being transparent to our token holders, but also to the authorities. This is obviously crucial for any company, but doubly so for a cryptobank.

The next stop is getting licensed to operate as a payment institution. Let’s build the banking system of the future together!

About Crypterium

Crypterium is one of the most successful ICOs of all time. Over 72,000 tokenholders contributed $51+ million to help us bridge the gap between cryptocurrencies and their use in everyday life.

The CRPT token is traded on HitBTC, one of the Top-10 cryptocurrency exchanges.

All the Crypterium solutions will only be accessible for use if you have CRPT that will be used as ‘gas’ for the transactions. Every time someone makes a payment, a fee equal to 0.5% of the value of the transaction in CRPT is taken from the CRPT token holder’s account and burnt as fuel. This means the number of CRPT tokens will be reducing over time.