The promise of Capverto is to harness the potential and strength of crypto to support the world’s non-bank population.
For most readers of this article, it is possible to store money in a bank, credit union, other traditional financial institution or even an encrypted purse. Most consider it simple to make full use of the reliable tools and functions offered by the modern banking system.
However, 700 million people who, thanks to advances in modern technology and banking availability, have opened their first bank account between 2011 and 2014, are likely to consider their available security and flexibility to be more Privileged.
Unfortunately, there are still 2 billion “non-banking” people in the world. Many of them are in developing countries. But some, nine million actually live in the United States.
These individuals are joined by another 24.5 million US residents who are “underserved”, which means that they do not have the financial resources to make full use of the banking collateral, forcing them to turn to less scrupulous Money managers, such as lenders, pawnshops and micro creditors. This leads to the fact that up to 5 percent of their income is sent to receive the money they earned.
It’s a broken system, and one capverto is trying to change. Cryptocurrency has long been touted as a viable alternative to traditional banking, especially for people with limited financial, transport or technological resources. Advantages of cryptography: lower and fewer transaction fees, immutable Blokshejnaja record that records all transactions, and smooth, reliable access to the account.
But until now crypto not intended specifically for the needs of non-bank and nonbank. Capverto and its CAP token
have been specifically designed to target these groups of people through a system that goes beyond the scalability and accessibility of traditional financial means with the technical elegance of cryptocurrency.
Capverto Prepaid Card Program
The Capverto platform
is based on a prepaid card. A prepaid card or gift card is a new, but reliable financial instrument that has grown exponentially over the last two decades. The market is forecast to exceed 3 trillion dollars in the next 4 years. Gift cards and prepaid cards satisfy the existing need for flexibility, availability and guaranteed low commission fees.
The Capverto map is a multi-level, internationally available tool that links Fiat payments to wallets, storage, and cash/token management. Capverto plans to integrate its prepaid card from the start of the program to create an affordable service for 2 billion people around the world who need such a tool.
Map levels are encoded in color for simplicity and ease of navigation. The most basic map of Capverto is blue, followed by gold, platinum, and black. Platinum and Black are the only options for invitations. The Blue Card is valued at $100 via the ICO, and this amount is transferred to the CAP utility tokens when purchased.
CAP tokens must be kept for at least six months. This is an advantage for cardholders, as the value of the CAP will increase with the increase of transactions both on the accounts of Capverto exchange and on purchases similar to Fiat.
CAP-related cards are also used to reinvest up to 2 percent of the value of a transaction in the platform each time a card is used. This allows the cash reward system for transactional platform users when they use the card in related retail and service institutions.
Combining it all on the Capverto platform
With the prepaid card, Capverto solved the problems of exchanging fiat-crypto, the need for financial incentives, not fines for non-banking people, as well as the stability of the CAP token. Users can additionally use other Capverto features, such as portability, P2P lending, and borrowing, as well as insurance beyond the security provided by the blockchain platform.
In other words, the use of an optional Capverto card is not just a tool to meet the urgent needs of a non-banking business. This is the door to new opportunities and money management options that in the traditional banking world would never be available to them. Prepaid Card Capverto has the potential to change the financial future of people for the better.
DETAIL INFORMATION :
WhitePaper : https://capverto.com/landing#whitePaper
Facebook : https://www.facebook.com/capverto
My Ethereum Address:
Tags: #cryptocurrency #cryptonews #ico