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Litecoin’s (LTC) Litepay Replacement, Crypterium (CRPT), Undergoing Beta Testing In Australia

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Litepay was meant to revolutionize the cryptocurrency industry by allowing for the use of crypto for regular purchases of goods and services. The service was meant to use Litecoin (LTC) as the backbone of the conversion from crypto to fiat resulting in a price rally of the coin before the indefinite cancellation in March. The project could not find a merchant to support the card services need for it to function. However, Litepay was not the only project working on solving the problem of how we can use cryptocurrencies for regular day to day purchases. Crypterium (CRPT) had already welcomed the challenge of doing so from as back as October last year.

The Crypterium App that is now available for your mobile phone (Android for now), turns your cryptocurrencies into money that you can spend as easily as cash. When fully active, the app will allow you to shop around the globe, make online purchases, pay your bills and even send money across borders. With the app, you will be able to get a virtual card that will even enable you to link to your Apple pay, Samsung Pay or even Android pay.

It is with this background that the App is undergoing Beta testing in the country and continent of Australia. The residents of Australia will be amongst the first to get access to the crypto-to-fiat payment solutions offered by Crypterium with bill payments being the first to be rolled out. Beginning May 10th, the Crypterium team has been selecting users in the country to use the Android version of the app. There is also a reward system for such lucky testers. The App will then be rolled out across the globe gradually by the team.

Also to add is that the Crypterium app is gearing up for a new update in a week. This update will include the addition of the Japanese yen and additional security measures. The App already has wallet capabilities for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Crypterium (CRPT); QR code payment capability; transaction history; and many more features.

The Crypterium (CRPT) token is the ‘fuel’ for these transactions and a fraction (0.5% of transaction) is burned with each payment made. This then reduces the circulating supply of CRPT, albeit very slowly. The token is currently trading at $0.80 and up 12.695 in the last 24 hours. It is currently available on HitBTC with more listings expected in the Summer. The project also got a major boost recently, when the former CEO of VISA in the UK, joined the team in a similar capacity.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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