O'Brien explains: "Crypterium is partnering with banks to launch virtual cards that will be attached to user's crypto accounts in Crypterium App. Every time the consumer makes a transaction we will execute a trade in fiat and mark their crypto balance for a trade. You can be in a store and all of that's done in a fraction of a second."
Once enabled, users will be able to top-up their mobile phones, or shop around the world with crypto at any spot with a near-field communication (NFC) terminal or QR code scanning capability baked into their payment setup. Purchases can also be made through online stores, and bills can be paid instantly. Moreover, money can be reliably sent across borders in seconds, all for a fraction of a penny.
On top of that, Crypterium has an incentive system. Through this system, up to 30 percent of the transactional income generated by Crypterium will form a monthly loyalty program fund and will be distributed among the most active users.