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

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Litecoin
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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