Capverto: Banking for the Future
Introduction
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
Despite of this decentralized and simplified impulse of the financial tasks that once passed exclusively through the traditional institutions and, in the case of the use of payment cards, they were costly because they required the processing of multiple parties, these projects have not yet been focused specifically on the needs of people who do not have access to banking services or who have insufficient access to them.
Thus, without access to the full range of banking services, unbanked populations must turn to points of sale such as microcredit networks and payday lenders to meet their financial needs, despite high-interest rates, the high commissions and the limited overall flexibility of those options.
For this reason, I want to introduce you Capverto (CAP), an open source framework for creating blockchain applications designed to allow users, companies or governments to build a customized private or authorized blocking chain. Capverto Exchange is basically aimed at the unbanked or underbanked, ensuring that they have the opportunity to take advantage of the unique benefits of cryptocurrency. This system bridges the world of fiduciary money and cryptocurrency by combining an international program of prepaid cards linked to innovative banking and commercial features centered on the CAP utility token.
Definition and goals
As I said, Capverto Exchange (https://capverto.com/landing) is a digital currency, based on a versatile utility token that greatly expands the basic advantages of cryptocurrency through a design that directly addresses the needs of the populations most frequently excluded from banking. It offers a multifaceted banking experience, centered on a prepaid card, which is as easy to use as accessing a fast and well-designed website.
| The most interesting feature of the platform is that it offers a multifaceted banking experience, centered on a prepaid card, which is as easy to use as accessing a fast and well-designed website. |  |
|---|
The main objective of Capverto is to meet the needs of the populations most frequently excluded from banking. The idea is to provide a new avenue for the provision of useful financial services to the unbanked and subbanked, without the distinctive drawbacks of the previous digital currencies.
Therefore, Capverto will be a bridge between cryptocurrency technology and fiat money. It is designed to be highly accessible, especially for the unbanked.
Features
Capverto Exchange facilitates convenient and low-cost P2P transfers and also configures each user with a standard IBAN / SWIFT account. Together, these features provide CAP holders with reliable and secure access to their funds, as well as the various fiat and cryptocurrency services that are conveniently superimposed on them.
Prepaid Card Program
| Description | Representation |
|---|---|
| The Capverto prepaid cards are bridges between the fiduciary money and the cryptocurrency. Each cardholder receives a number of CAP utility chips corresponding to the level of the purchased card, starting with $ 100 for the basic blue card. Like a normal payment card, the Capverto card can be used for in-store purchases and online, while up to 2 percent of each transaction is reinvested in CAP, which influences the value of the token. |  |
Secured loans and P2P loans
| Description | Representation |
|---|---|
| Capverto Exchange is a platform for secure and convenient P2P transfers where individuals and organizations can lend up to half the value of their assets to date and charge interest on them. |  |
Copy Trading platform
| Description | Representation |
|---|---|
| Capverto facilitates the tracking and copying of other operations and portfolios. Ten percent of the profits from each copy operation is automatically deducted and distributed between the original operator and Capverto Exchange, which in turn reinvests it in CAP. |  |
Secure Cryptocurrency
| Description | Representation |
|---|---|
| The insurance product of cryptocurrency of Capverto provides peace of mind that your valuable assets are as safe as possible from theft. It works in conjunction with other protections, such as proof of address, KYC, AML, and two-factor authentication, to avoid a wide variety of threats to cybersecurity. |  |
Extensible intelligent contracts
| Description | Representation |
|---|---|
| Capverto offers an open source framework for building custom blockchain applications. Take a look at Capveto's GitHub repository to learn how you can leverage your smart contracts to create authorized private and public blockchain. |  |
Advantages
- There are no or minimum fees for activities.
- Liability protection in case of loss or theft of the card.
- Easily rechargeable through mobile devices, stores and direct deposit.
- Usable in point of sale terminals and online stores.
- Tighter spending control, less likely to get into debt.
Bounty program
The project gives the opportunity to earn Capverto Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Webpage here (https://bitcointalk.org/index.php?topic=4973071.0), where you can access the link in order to see what are the conditions to become an early CAP contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://backend.capverto.com/Docs/CAPVERTO_WHITE_PAPER_EN.pdf). You can also stay tuned in their official Telegram Channel (https://t.me/CAPVERTOOFFICAL) or in their ANN thread here (https://bitcointalk.org/index.php?topic=4974691). I hope you liked the post and soon I'll send you new ones.
Do not forget to visit their Webpage (https://capverto.com/landing)!
Token details
Capverto Token (CAP) is a utility token that governs access to the different services available on the platform. At its center it supports advanced features such as a cash back system, peer-to-peer monetary exchange (P2P), a digital forex trading platform and an innovative insurance product from cryptocurrency.
Token: CAP
Platform: Ethereum
Type: ERC-20
Pre-ICO price: 1 CAP = 1.66 USD
Price in ICO: 1 CAP = 1.82 USD
Tokens for sale: 171,375,000
Funds distribution
Roadmap
| Date | Events |
|---|---|
| Q4 / 2017 | The concept is born. |
| Q1 / 2018 | The concept is in development. |
| Q2 / 2018 | Private sale of CAP Tokens. |
| Q3 / 2018 | Public sale of CAP Tokens. |
| Q4 / 2018 | Security and performance test. Launch of the official Capverto Platform. |
| Q1 / 2019 | Launch of app to iPhone and Android. |
| Q2 / 2019 | Launch of Whitelabel solution. |
| Q4 / 2019 | Launch of Merchant payment solution. |
Author Details
Email: [email protected]
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0x91707502A8DFDC523f7a6f2c218cC9a52777d5ad