CAPVERTO Exchange is a digital currency, based on a versatile utility token that greatly extends the basic advantages of cryptocurrency through a design directly addressing the needs of populations most frequently excluded from banking. It delivers a multifaceted bank-like experience, centered on a prepaid card, that is as easy to use as logging onto a fast, well-designed website.
At the same time, the pivotal CAPVERTO Token (CAP) at its core supports advanced features such as a cash back system, peer-to-peer (P2P) monetary exchange, a digital currency trading platform, and an innovative cryptocurrency insurance product. In the course of normal use, all of these features influence the underlying value of the CAP, distinguishing it a uniquely flexible amenity for the unbanked and underbanked.
Inclusive banking systems are engines of economic growth and poverty reduction. Without access to the full spectrum of banking services, unbanked populations must resort to outlets like microcredit networks and payday lenders to fulfill their financial needs, despite the high interest rates, steep fees and limited overall flexibility of such options. The unbanked need fairer, more flexible alternatives.
Cryptocurrencies hold considerable promise in these respects. They do not require the complex infrastructure and bureaucracy of traditionally centralized finance, nor do participants in their ICOs need to possess extensive financial histories or travel in person to any branch offices – both common barriers for unbanked individuals. Participation is often as straightforward as passing a few security verifications to open an online account, and it comes with the central benefit of fewer and lower transaction fees.
To date, digital currencies have gained traction by decentralizing and simplifying the financial tasks that once passed exclusively through traditional institutions and, in the case of payment card use, were costly because they required multiple parties to process. However, these projects have not yet specifically targeted the needs of the unbanked/underbanked.
CAPVERTO Exchange is offering an ICO targeting the unbanked/underbanked, ensuring they have opportunities to harness the unique benefits of cryptocurrency. It bridges the worlds of fiat money and cryptocurrency by combining an international prepaid card program linked to innovative banking and trading features centered on the CAP utility token.
All CAPVERTO Exchange features influence the value of CAP, meaning its price is a reflection of productive activities rather than uninformed speculation. Assets within CAPVERTO Exchange may also be protected with cryptocurrency insurance.
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Entrepreneur, Author, Journalist, Trainer, Influencer, Crypto Expert, Twitch Streamer and Marketing Specialist. Rated on Oct 31, 2018
4
5
4
21%
Team looks good, but the MVP is just a photo. I would like to test an actual product, not a photo that can easily be photoshopped or drawn from scratch.
Aside from this, the vision is good and I can only wish you guys good luck to implement this project!
Executive Director | Project Lead | Developer | Influencer | Advisor | Blockchain Lover | Influencer | Strategy and Vision Execution Rated on Sep 25, 2018
4
3
2
20%
Great technology team but Chief team doesn't seem to have a sold experience on the banking background.
Liked the whitepaper business info wise and competition analysis but finance statistics details would be great to have for this kind of project. Technical paper actually doesn't have much technical information - I would expect Technical Architecture detailed diagrams and Blockchain integration detailed - none of these found!
Poor social presence - not many articles on Medium.
Strong Partnerships would be good for this project but can't see any at the moment.
MVP is just a graphics put into prototype software!
Founder TOTS Rated on Sep 27, 2018 Modified on Feb 19, 2019
4
3
3
5%
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