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South Korea’s Biggest Credit Card Patents Blockchain Payments System

South Korea’s leading credit card firm Shinhan Card has been granted a patent for a blockchain payments system.

South Korea’s leading credit card firm Shinhan Card has been granted a patent for a blockchain payments system, English-language local media The Korea Times reports on July 15.

Per the report, with the newly patented technology the company has established a blockchain-powered credit transaction process allowing for setting spending limits, paying in monthly installments and carrying out payments. The outlet quotes an anonymous Shinhan Card official commenting on the development:

“Services using those key functions of credit cards will be extended to the blockchain-based system, a notable advancement from the status quo whereby most blockchain-based services available are limited to cash wiring or user identification for online transactions.”

The official also reportedly explained that the company has been awarded the patent about a year and a half after conducting a feasibility study, and that the firm is currently working to also obtain patents in European countries, the U.S., Japan, China, Vietnam and Indonesia. According to the article, the system could also soon allow for cardless transactions via a mobile app.

Per the report, the initiatives could result in a phase-out of the network of three intermediaries, namely credit card firms, a value-added network service provider and a Payment Gate. Value-added networks are service providers connecting credit card companies and member stores to verify and approve transactions, while the payment gate is tasked with carrying out the payment.

Company information website Crunchbase claims that Shinhan Card is South Korea’s leading credit card provider and corporate analytics service Owler estimates the firm’s annual revenue to be $841.6 million.

As Cointelegraph reported yesterday, a consortium of major South Korean firms partnered to launch a blockchain-based mobile identification system in 2020.

At the end of June, Crypterium, a crypto payment firm led by former Visa exec, revealed it shipped about 4,000 crypto debit cards in a week since the launch of the card.

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Crypto Payment Platforms Offer Working Examples — Competition Heats Up

A new deposit functionality has been rolled out following news of a Bakkt payment app and Coinbase Card’s expansion into six European nations…

Once seen by the mainstream zeitgeist as a fringe technology destined to languish on the outskirts of society, cryptocurrency today is alluring many leaders of the fintech sector by offering companies the prospect of being at the forefront of the largest financial revolution of the past century.

With mainstream society increasingly accepting Bitcoin (BTC) as a means of payment, financial firms are increasingly seeking to offer a frictionless and convenient means for consumers to make payments using crypto.  

Square introduces BTC deposits

On June 26, San Francisco-based mobile payments provider Square announced that users of the company’s Cash App can now receive bitcoin from external wallets. However, Cash App users are restricted from receiving more than $10,000 worth of BTC deposits within a seven day period.

While most Cash App users have been able to purchase or sell Bitcoin since February 2018, a functionality facilitating payments between friends and family has been notably absent, given that such has long-comprised a major value proposition underpinning the app’s fiat utility.

News of the deposit functionality was a poorly kept secret, with crypto Twitter pundit Dennis Parker announcing that Cash App had enabled BTC deposits on June 25, a week following a similar tweet from Marty Bent that also claimed the function was live. Thus, the competition for the crypto payments sector is beginning to heat up.

Platforms compete to corner crypto payments

The integration of deposit functionality reasserts Square as a major contender among the companies seeking to lead the burgeoning crypto payments sector. Revolut, a United Kingdom-based fintech startup, is offering a platform featuring payment processing services, commission-free stock brokerage and foreign currency exchange — and it announced that it had introduced cryptocurrency exchange services to its platform in December 2017. However, users are only able to transfer cryptocurrencies within the Revolut network and cannot receive deposits from external wallets.

On June 20, The Block reported that Bakkt had hired a former Google payments product strategist, Christ Petersen, to assist the company in rolling out an upcoming mobile digital asset wallet application. The app, dubbed Bakkt Pay by anonymous sources, is expected to launch by the end of 2019.

On June 11, a Singapore-based cryptocurrency payments firm, TenX, celebrated its fourth birthday by announcing it had become the first company funded through an initial coin offering (ICO) to receive an e-money license. The license was issued by the Liechtenstein Financial Market Authority, allowing the company to provide “electronic money institution” services across the European Economic Area (EEA). TenX plans to launch its prepaid Visa cards across the EEA during the fourth quarter of 2019.

Square seeks to expand presence in crypto sector

Square first announced that it was “exploring” allowing Cash App users to purchase or sell BTC  during November 2017 in response to customer demand. The announcement followed a trial of the functionality among select users, with a spokesperson stating:

“We’re always listening to our customers and we’ve found that they are interested in using the Cash App to buy Bitcoin. We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash App customers.”

During March of this year, Jack Dorsey, the founder of Square and Twitter, revealed that Square was seeking to hire several full-time cryptocurrency engineers and a single designer to work on open-source contributions to the Bitcoin and cryptocurrency as part of an initiative called Square Crypto. Recruits would report directly under Dorsey, with the option to receive remuneration in the form of BTC also available.

In an interview with The Next Web published on June 14, Dorsey discussed the progress of the Square Crypto venture, indicating that regulatory challenges were forcing the company to move slowly in its endeavors pertaining to cryptocurrency.

“An Internet company can launch something and it’s available around the world. Whereas with payments, you have to go to each market and pay attention to regulators. You need a partnership with a local bank. This is a very slow process in any new market.” 

Coinbase expands payment operations

On June 11, Coinbase announced that its Visa debit card had been made available to citizens from in Spain, Germany, France, Italy, Ireland and the Netherlands. The announcement also indicated that the company expects to make the Coinbase Card available to more jurisdictions in the coming months.

The Coinbase Card was launched in the U.K. during April 2019. The card’s app makes payments from the balance of a user’s Coinbase account, with Coinbase instantly converting the chosen cryptocurrency into fiat currency upon execution of the payment. Transactions incur a fee of 2.49% within European countries, however, using the card outside of Europe currently draws a 5.49% fee. U.K.-based payment processor PaySafe is the issuer of Coinbase’s cards.

According to unverifiable reports from May, Coinbase had entered into “advanced talks” to purchase pioneering cryptocurrency custody provider Xapo for approximately $50 million plus an earn-out. Xapo is estimated to hold more than $5.5 billion in assets under custody, with the company also offering an app that allows users to send BTC and fiat currencies to other Xapo users without incurring fees as well as facilitates payments to banks accounts in more than 30 countries. The report noted that Fidelity Digital Assets had also shown strong interest in purchasing Xapo.

Circle to sunset payment platform

On June 13, Circle announced that it will start winding down support for the company’s payment app during July, after five years of operations. At the time of the announcement, Circle Pay supported fee-free payments denominated in U.S. dollars, British pounds and euros, and was available to customers from the U.S., the U.K. and 27 other European countries.

The company attributed the decision to sunset the app to the emergence of stablecoins such as Circle’s USD Coin (USDC), describing fiat tokens as superior means of frictionlessly transferring fiat value between entities. By contrast, the company stated that Circle Pay “largely relied on interfacing with the traditional financial system and untokenized fiat currencies.” 

The announcement was published one month after Circle laid off 30 staff members, who then comprised 10% of its entire workforce. Circle’s CEO, Jeremy Allaire, attributed the downsizing to a response to market conditions and regulatory hurdles in the U.S.

Paxful partners with BitMart

In February 2019, peer-to-peer (P2P) Bitcoin marketplace Paxful announced a joint venture that saw Paxful integrated as a means of facilitating BTC payments on the global digital asset trading platform BitMart. 

The partnership will see BitMart users able to make payments using Paxful without being charged listing fees, while Paxful users will be provided the option to convert BTC into alternative cryptocurrencies using BitMart’s exchange. Both companies expect that the agreement will bolster liquidity on their respective exchange platforms.

At the time, Ray Youssef, the CEO and co-founder of Paxful, stated: “We’re excited to integrate with BitMart in efforts to bring more trading options to emerging markets. It has always been our mission to provide financial freedom worldwide and we see this as the next big step in the financial revolution.”

The founder and CEO of BitMart, Sheldon Xia, emphasized that the partnership will significantly expand the number of ways by which the exchange’s users can purchase BTC, stating: 

“With this partnership, investors will now have direct access to multiple payment approaches including bank transfers, gift cards, debit/credit cards, and cash deposits, lowering the barriers to entry for new adopters of digital currency investment.”

BitMart currently has a user base of more than 600,000 and a reported 24-hour volume of approximately $1.18 billion, while Paxful has hosted approximately $20 million worth of bitcoin trades on a weekly basis for the last 12 months.

Centralization vs. adoption

While the proliferation of cryptocurrency payment platforms is undoubtedly pushing the ecosystem toward mainstream adoption, popular payment apps could prove to be a centralizing force upon the crypto community as a handful of major companies compete for consumer loyalty.

However, the increasing presence of large financial corporations within the cryptocurrency economy may create pressure on lawmakers to provide clear guidelines pertaining to crypto, with the prevalence of an unclear or exclusionary regulatory apparatus comprising the primary barrier to a rapid and global expansion of the cryptocurrency payments industry.

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Former Visa Exec-Led Startup Ships Nearly 4,000 Crypto Cards in a Week

Crypterium, a crypto payment company led by former Visa exec, has shipped 3,736 Crypterium debit cards in the first week after the launch.

Crypterium, crypto payment firm led by former Visa exec, has shipped about 4,000 crypto debit cards in a week since the launch of the card, according to a press release on June 27.

Crypterium, an Estoniaheadquartered fintech company, launched its Crypterium Card on June 12, offering global community a prepaid card loaded with major cryptocurrencies such as bitcoin (BTC), ether (ETH), litecoin (LTC), USD Coin (USDC), as well as Crypterium’s own CRPT token.

As the company wrote in the announcement, the new bitcoin card operates “in the same way as a traditional prepaid card,” enabling online and in-store crypto purchases on a number of services including Amazon, Netflix, as well as tuition fees, or medical bills, among others. With that, users can also cash out from “any of the 2 million” automatic teller machines (ATMs), with funds converted automatically to local currencies.

Crypterium has managed to deliver 3,736 Crypterium Cards to around 70 countries in the first week after the launch of the solution, citing “booming demand” amid the current BTC price surge and nascent bull market.

While the majority of card orders have come from the United States, the firm also noted a significant demand from the Asia-Pacific region, with Australia ranking third by orders. Exceptional demand, in particular, came from countries with weak local currencies and unstable economies.

Steven Parker, former General Manager of global payment giant Visa, said that these impressive numbers reflect the actual global demand for a “stable debit card” that provides equal status to crypto and traditional currencies in terms of payments.

On June 11, U.S.-based crypto exchange and wallet service Coinbase launched its Visa debit card in six European countries, enabling customers to sync their cards directly to their Coinbase accounts and withdraw fiat currencies from ATMs.

Earlier this week, Cointelegraph reported that the total number of global bitcoin ATMs (BTMs) has reached 5,000.

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Litecoin Foundation to Release Physical Cryptocurrency Debit Card

The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card.

The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card, in a blog post on June 18.

Per the post, the companies will jointly roll out a cryptocurrency debit card dubbed “BlockCard” that will purportedly let users spend their cryptocurrency funds both online and in physical store locations around the world. Customers will be able to keep cryptocurrencies such as litecoin (LTC) and Bibox Exchange’s and Ternio’s native tokens bibox token (BIX) and ternio (TERN) respectively.

Within the project, Bibox Exchange will act as the custodian of users’ funds and leverage over $200 million worth of cryptocurrency trading volume. Ternio will provide a dedicated platform. The Litecoin Foundation and Bibox Exchange will integrate the card directly into the Bibox Exchange and Litecoin’s official wallet, LoafWallet.

“This is an exciting partnership for us as it furthers the Litecoin Foundation’s mission to create more use cases for spending Litecoin in everyday life. Leveraging Ternio’s BlockCard platform with Bibox’s exchange engine gives Litecoin holders unparalleled access to use their LTC at merchants around the world.”

The Litecoin Foundation thus joins several other industry players that have rolled out digital currency debit cards. Just recently, American crypto exchange Coinbase launched its Visa debit card in six European countries. Coinbase’s new offering purportedly allow users to spend cryptocurrencies they hold at any merchant that accepts Visa cards.

In March, Visa itself published a crypto and blockchain-related job opening. The firm is ostensibly seeking someone to fill the position of Technical Product Manager at Visa Fintech at its Palo Alto office. The position’s description states that a candidate should have an in-depth understanding of distributed ledger technology and the crypto industry.

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Platform to Allow Users to Spend Metal-Based Crypto Using a Debit Card

A new monetary system is aiming to overcome the “severe price volatility” which has made cryptocurrencies unappealing to use as tender — creating two primary digital currencies which are based on gold and silver.

Kinesis says these currencies — known as KAU and KAG — are based one-to one on allocated physical gold and silver. This means that the full, direct title to the bullion backing these coins is held by the person who owns the cryptocurrency. These coins can be loaded on to a debit card and instantly converted into fiat for payments to merchants who accept Visa and Mastercard, and the company says users will also be able to withdraw funds from cash machines.

In explaining its rationale for using gold and silver as the basis for a digital currency, Kinesis described these assets as “two of the greatest stable and definable stores of value for trade and investment.”

A proprietary blockchain network has been developed for Kinesis’s monetary system, which is forked off the Stellar blockchain — and the team behind the platform says its users stand to benefit from “very high” transaction speeds and customizable fees.

Yields for participation

Kinesis says that passive or active users in its ecosystem stand to gain a yield for their participation — and the company has split this into four distinct categories.

The first is known as the Minter Yield. When a user converts their fiat currency or physical bullion holdings into KAU and KAG coins — a transaction that can be completed on the platform’s Primary Market — they receive a five percent share of the transaction fees on the coins they create and use. Users also earn the same share when they make their first deposit into a Kinesis Wallet, and this is known as the Depositors’ Yield.

In a nod to passive participation, the Holder Yield enables owners of KAU or KAG coins to receive a 15 percent share of the transaction fees generated while they hold these currencies. Although this is calculated on a daily basis, the yield is credited to their wallet once per month. Users will also be incentivized to invite new customers to join the Kinesis platform, receiving a Recruiter Yield when someone has been successfully referred.

“An evolutionary step”

Kinesis’s founder, Tom Coughlin, is the chief executive of Allocated Bullion Exchange (ABX) — a company which says it aims to “connect and empower an international network of buyers and sellers by offering direct access to the wholesale bullion market.”

Much of the infrastructure that is going to be used for Kinesis — the technology used for minting silver and gold and storing it in physical vaults — already exists, and the company says it has been successfully used by ABX for a number of years.

Kinesis says it has four target markets in mind for its monetary system. The first is the precious metal market, where it is hoped that investors would become incentivized to use these assets if they had a yield attached to them. The company also hopes to appeal to the cryptocurrency market, and believes KAU and KAG coins could become a solid replacement for “questionably backed and non-yield-bearing coins.”

A presale for the Kinesis Velocity Token, an ERC-20 utility token, is taking place until Sept. 9, with an Initial Token Offering running from Sept. 10 to Nov. 11. The pre-ICO runs from Nov. 12 to Feb. 28, 2019, paving the way for the public Initial Coin Offering to commerce on 1 March 2019.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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‘Smart eCard’ Stores 30 Crypto Accounts, Credit And Debit Cards In One Place

Buying a bottle of water quickly and spontaneously using cryptocurrency is still a massive challenge, but the company behind a new ecosystem says its technology will make it easy for crypto holders to use their funds for everyday purchases – all without creating a headache for merchants.

FuzeX has created a smart eCard that enables shoppers to store up to 15 cryptocurrency accounts, 10 debit or credit cards and five reward accounts in one place. Buttons integrated into the eCard allow users to decide which account they want to use to make a purchase, with the current balance for each shown on an ePaper display so they can be aware and confident of having adequate funds. The eCard’s battery life lasts for 45 to 60 days, and it is easily rechargeable.

Although furnished with industry-standard technology such as near field communication (NFC) – the tool that makes contactless payments from old-fashioned debit card readers possible – FuzeX says other security features were added to help it to stand out from traditional cards. For example, its eCard can be locked whenever a Bluetooth connection to the user’s accompanying FuzeX wallet is deactivated, and the eCard can also be wiped remotely if it is lost or stolen. Through the wallet, available as an app for iOS or Android, users can also see where their card has been used on an interactive map – as well as send, receive and exchange cryptocurrencies.

“A proven concept”

FuzeX’s technology has been tried and tested, with the company saying it has already “successfully developed, brought to market, sold and shipped more than 20,000 Fuze cards.” These smart eCards only offered payments through credit, debit or reward cards – and in 2017, the company says it managed to reach the dizzying heights of crowdfunding success, soaring to the top 0.01 percent of projects on Indiegogo after raising $2.2 mln.

The company says its proven concept and distinctive features mean there are high barriers to entry for rivals who may try to replicate its product. When compared with competitors, FuzeX says it is the only provider offering a smart eCard, with other providers supporting cryptocurrencies and nothing else. Rival cards also have to be prepaid, while FuzeX users can get payments debited directly from their account.

FuzeX says it takes pride in offering a legitimate, dependable service. Another card issuer, TenX, suffered a severe service disruption when its cryptocurrency card ceased working because its issuer Wavecrest allegedly violated Visa’s policies.

Listed on cryptocurrency exchanges

The company has now concluded its initial coin offering. For now, it says FXT tokens can be used to purchase FuzeX charges and pay for “small annual memberships” necessitated by its partnerships with issuers. Although it is possible to pay for membership using other cryptocurrencies and fiat, FuzeX offers discounts when FXT is used.

FXT tokens have now been listed on four cryptocurrency exchanges. As of May 10, they are available on the Taiwan-based Cobinhood exchange, where promotions are taking place to herald the arrival of FXT. It has also been listed on HitBTC, COSS and Livecoin.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Cryptocurrency Startup To Take On ‘Outdated’ Credit Cards Through Blockchain Payment Protocol

PumaPay is building a Blockchain-based protocol to reform how everyday financial transactions are completed – with a warning that credit and debit cards are unfit for purpose in today’s “fast-paced, global economy.”

PumaPay claims its system has what it takes to propel cryptocurrencies into mainstream use and rethink how payments are processed. It is developing an open-source “PullPayment Protocol” which enables merchants to pull funds out of a customer’s account with their consent. This would replace old-fashioned methods where a shopper pushes money to a retailer, with the cash going through a long line of intermediaries in a costly process that can take days to complete.

According to PumaPay, its invention is “far more credible, efficient, cost-effective and scalable” than current solutions – and offers much-needed flexibility to make cryptocurrencies viable as a source of payment both online and offline.

Serving merchants, not exploiting them

According to PumaPay, it is merchants who lose out most through the economy’s “anachronistic” reliance on card payments which dominate online shopping sites.

The project says retailers and small businesses face multiple fees, ranging anywhere from 2 percent to 8 percent in some cases. Not only do these charges take a serious toll on a merchant’s profit margins, but PumaPay says long transaction reconciliation times have a detrimental impact on cash flow. Chargebacks are also becoming more common because of fraud and buyer’s remorse, resulting in fines and insecurity – with merchants continually uncertain over whether the money from a sale will reach their bank account.

Despite cryptocurrency and Blockchain representing an exciting development over the past decade, PumaPay argues that none of the currently available crypto-payment solutions are functional enough to compete with big players such as Visa and Mastercard.

PumaPay says it plans to “serve merchants, not exploit them” and make its platform “the de facto standard for modern payments.” It is already promoting the protocol and attracting early adopters who will begin using the system upon release – including brands such as Fashion TV, Rent24, Backpack.io, CCBill, SegPay and other online merchants and payment processors across multiple industries.

Several adult entertainment companies have also embraced the protocol – with the industry suffering from high credit card transaction costs because their sector is deemed “high risk.” PumaPay believes its protocol is well suited to pay-per-view scenarios, providing flexibility for entertainment platforms and protecting their clients’ privacy. IMLive, Vivid Entertainment and LoadedCash are among the high-traffic, high-volume brands who have joined the project as early adopters so far.

PumaPay CEO Yoav Dror told Cointelegraph: “Many online platforms are now releasing their own tokens which are by default limited by a platform’s user base. The PumaPay token transcends merchants, platforms and industries as more and more merchants express the interest in joining the ecosystem. As a result, the product offering will increase along with the PMA [token]’s spending potential and the demand for the token will grow.” The ultimate vision of the PumaPay economy is the self-feeding loop that keeps growing with new merchants and customers.

Merchants who become part of the protocol will also benefit from a hub called PumaPay Pride – an app which alerts shoppers to nearby businesses which accept the platform’s token.

“As flexible as payment cards”

According to PumaPay, the flexible nature of PullContracts means merchants can mold them in ways to best suit their business – allowing them to conduct offline transactions and receive recurring payments.

Examples of potential uses for PullContracts given in its white paper include purchasing a magazine subscription, monthly payments of electricity bills and paying for dinner at a restaurant. PumaPay also believes its system could become an ideal way to make children financially independent, with young people given their own wallets and their parents allowed to veto purchases if the item they want falls outside the parameters of what the pocket money is for. The same scenario of ‘restricted payments’ can be applied to corporate expenses with employees’ wallets provided by an employer.

PumaPay plans to initially launch an Android app for consumers, with a version for iOS and a Chrome-based application soon afterwards. It is hoped shoppers using PumaPay will see costs tumble as merchants cut prices in response to greatly reduced transaction fees.

PumaPay is holding a token generation event for seven days, beginning at midnight on April 26 2018. Depending on contribution levels, it hopes to integrate its first early adopter in the second quarter of this year – and release a simple version of its PMA token. Tests of the next-generation Blockchain, a more advanced version of its token and cryptocurrency wallets would follow towards the end of this year and into 2019.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Cryptocurrency Exchange Develops An App And A Debit Card To Pay And Cash Out Cryptocurrencies

In Nov. 2017, Fidelium, a US-based project with South Korean roots, signed a contract with a major debit card provider to allow cryptocurrency owners to make payments practically anywhere, as well as to withdraw cash at affiliated ATMs. As the project team reported to Cointelegraph, the debit card will be integrated with the Fidelium’s Multiwallet app, which provides users with access to various exchanges from around the globe.

“Almighty” debit cards

Issuing debit cards for traders is not a regular procedure for online cryptocurrency exchanges. Although Fidelium is not a cryptocurrency exchange, the project includes a cross-exchange trading platform called Fortress that works more like an aggregator. Users can access any supported cryptocurrency exchange via the platform by undergoing a one-time Know Your Customer (KYC) procedure.

In addition, Fidelium is developing the Multiwallet app to allow users to manage Fidelium tokens (FID tokens), Bitcoin, Ethereum, Litecoin, and other supported cryptocurrencies as well.

A user with the app installed on their phone will be able to apply for Fidelium prepaid debit cards, giving them the option of withdrawing cash at affiliated ATMs and use the debit card to make purchases at stores. A card holder will be able to select any of the supported coins for payments.

“By partnering up with a payment processor, we aim to enable quick and convenient cryptocurrency spending, anywhere in the world, without any special restrictions or waiting time” claims the project website.

Building the Fortress

In Nov. 2017, the project started developing Fortress, a cross-exchange trading platform. “The first problem we want to address is the price difference caused by lack of liquidity” says the white paper.

According to the paper, in late 2017 the price difference in various regions was particularly noticeable for Bitcoin after it broke the $10,000 mark. “At one point, Bitcoin was trading around $15,000 in the U.S. At the same time, it was around 20 mln Korean Won – roughly $18,500. That is $3,500, or 23 percent difference”.

The main problem is that a trader is not able to switch between exchanges easily. Receiving an account at different exchanges leads to complicated and rigorous verifications at each exchange, which can involve uploading a picture of an identification card, providing a proof of residence and verifying mobile phone number and email address.

Aiming to offer a way to improve such circumstances, the Fortress online trading system will provide access to different exchanges within a single platform. A user will be able to compare coin prices at different exchanges and determine which exchange offers the best price.

Upcoming features

The project team also reported to Cointelegraph about upcoming developments in the future of the platform. “We will also have a Fortress professional version, which is a premium version of the platform down the road. It will give users more detailed charting options and abundant resources, such as technical indicators to help further trading decisions”.

The team has also announced automated trading based on programmed trading algorithms as an upcoming feature, although extra details are not revealed yet. They also plan to add stocks, options, and futures trading to the platform in the futures as well.

Fidelium also aims to add Asian and European exchanges to Fortress in 2019.

On Jan. 12 Fidelium started its public pre-sale, and a month later, on Feb. 28, the startup launched its main crowdfunding campaign. The initial coin offering (ICO) finished on March 11. However, their bounty program is still running for written content and YouTube videos, and the participants of the Fidelium bounty program will receive their participation rewards in the form of FID tokens.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.