For years now we’ve been surrounded with blockchain terminology. At the same enticing and daunting and, for some of us at least, the idea of blockchain is still too abstract of a concept.
At first sight, the system seems quite intricate and complex, putting off a great number of users who find it impossible to enjoy the benefits without a deep understanding of the blockchain network. And troubles don’t seem to end there. After hearing real-life success stories of overnight billionaires, many wanted a piece of the bitcoin cake for themselves. But for the majority of late-arrivals, it resulted in a terrible stomachache. The bitcoin value dropped and people’s investments flopped, which slowly but surely built a wall of fear around the subject.
But does it really have to be like that? Of course not.
What the world needed was an intuitive solution that will simplify the bitcoin management and turn bitcoin into something you can easily use for everyday transactions and purchases.
What is Cryptopay?
Cryptopay is a cryptocurrency-based platform that comes with a number of practical features both for those who are just entering the world of blockchain, as well as veterans.
Founded in 2013 in London, it allows users around the globe to enjoy the benefits of a bitcoin wallet, allowing you to use it for day-to-day purchases, international transactions, bitcoin storage, and conversion into fiat currencies, whenever, and wherever.
What is more, Cryptopay can be used for B2B and B2C purposes, by bitcoin merchants processing online (API) and offline (POS solution) merchants, or by bitcoin brokers.
Cryptopay comes with both digital solutions – web and mobile applications – and a debit card that can be used wherever Visa is accepted. Here’s what these two are all about:
Safe wallet in 4 currencies
Contactless debit card
Many haven’t been able to grasp the world of blockchain simply because they had no idea how to utilize the money they hold in bitcoins. Unlike ‘traditional’ bills, coins, and cards, this ‘digital money’ seemed ‘trapped’ in a virtual world and first-time users were skeptic about holding large amounts in digital wallets.
Cryptopay decided to bridge this gap and create a tactile connection to the money people hold in bitcoin – with a contactless debit card. What makes it such an attractive solution is the fact that it can be used worldwide. Simply select whether you want a USD, EUR, or GBP card and you are likely to receive it in no more than 3 days.
Speed and accessibility
The account can be funded from 26 SEPA countries, and it won’t usually take more than one business day for the transfer to settle. When it comes to conversions, they are instantaneous and you can have your bitcoins in any fiat currency ready to be used in a matter of moments. Users can also circumvent the long lines in the bank and head straight to a local ATM and withdraw the money in their local currency.
Better yet – you can use Cryptopay’s card as a universal payment method – both online and offline.
Users are also able to manage your coins via mobile app, meaning – from any place at any time. This means you can spend the money you hold in bitcoins, convert it into any fiat currency, or send to anyone using Cryptopay – all on the go.
Through Bitcoin protocol, users are able to transfer their money internationally. The recipient is able to access the funds almost instantaneously without paying a trip to the bank – all they need is internet access.
Unlike some other crypto-solutions, Cryptopay comes with only 1% commission on every conversion, without attaching any additional fees. Local and international money transactions are also quite affordable and they offer a detailed list of fees associated with any card service so you know exactly what you’re in for.
Real-time financial insight
Your Cryptopay wallet is at the same time your credit card statement. Namely, if at any time you wish to check the amount of money you have at your disposal, in any fiat currency or bitcoin, you can access your account on your phone. All conversions and transactions will also be included in the listing.
Those who are still untrustworthy when it comes to managing their finances in the virtual world can relax knowing there’s a two-factor authentication available. Furthermore,
Not sure whether you are ready for the Crypto world?
How to get started?
It’s accessible even to those who don’t have a bank account, as all you’re required to do is create a