Cryptov8 [CRV8] - The Need of Time - Bringing Banking into Blockchain
Cryptov8 aims to change the way we use Crypto. They provide a viable solution to using cryptocurrencies across the entire market. Their technology platform and digital assets will improve the adoption and usage globally. Once authorized in the United Kingdom, they will use bank regulation & security for all of their Crypto banking services.
🔔 Introducing Cryptov8
Cryptov8 will be launching a universal account and universal wallet that manages both FIAT and cryptocurrencies. For the purpose, CRV8 will be utilized to empower Cryptov8 customers and give them access to key assets and products that will benefit them in the crypto market. Further, Cryptov8 will be launching a series of tools, products, incentives and the CRV8 token will give their customers access to those assets.
Let's take a look one by one to some of those proposed assets.
| Participation in the cryptocurrency market is not as widespread as it should be. CryptoEduc8 enables customers to start their Crypto journey by providing starter guides, free instructive materials and connecting noobs with industry influencers. | One of the key hindrances to the cryptocurrency market is specialist entry points for FIAT currency. There are only a bunch of exchanges that accept FIAT deposits. CryptoG8 allows you to have a direct integration to some of these exchanges from a your a/c page. |
| Cryptov8 will take steps such as Preferential payment fees for transfers, Attractive Forex rates, and Debit card trx settlement to mitigate a portion of those expenses surrounding crypto and encourage the use of crypto. | Cryptov8 will compensate people for their investment in digital currencies by means of Bonus rewards and preferential interest rates for saving account holders. |
| CryptoCred8 allows you to earn some extra money from your credit balances by P2P Lending or Blockchain SME Lending. Now you can lend against your crypto holding. | CryptoVault is your trusted custodian. It has the ability to store your cryptocurrencies, documents, agreements, private keys and addresses. |
| If you are an organization interested in FinTech, CryptoCollabor8 is for you. You can use the APIs/Apps to integrate, enter a partnership or implement their contactless POS payments using cryptocurrencies. | Cryptocommunic8 is a cognitive learning bot that will be available for you 24/7 inside a customer’s online or mobile banking portal. Consider it your best friend in times of need. |
🔊 Many have tried, many have failed!
There is clear evidence that banking regulators, governments and legislators across the world have begun reacting to what they perceive as fundamental risks facing individual or retail investors. Numerous have already publicly expressed their intentions to apply regulation to elements of the ecosystem. Whilst controlling financial and political institutions seek to impose some authority on the cryptocurrency market, there are many examples of governments, countries and regulators embracing the movement and understanding that the underlying blockchain technology is a vital advancement for financial services and community in general.
Law enforcement departments, in general, are understanding that cryptocurrency is not all about illicit payments, it has a value and it has a legitimate purpose. It's just a matter of spending time explaining it, understanding what their concerns are, making them feel comfortable that we are mitigating those concerns, and that we have the right controls in place - Said Nick Rosenberg, CTO Metropolitan Commercial Bank.
Cryptov8 is poised to take advantage of its unique position and is confident that it will keep up the support of banking regulators. They are working with people who are advising the G20, IMF and ECB on creating guidance and best practices.
✅ ICO Overview
Prior to ICO there will be a whitelisting period (started a day ago), followed by a 2-week Pre-ICO period and then a 2-month ICO period. The price per CRV8 token during the Pre-ICO period will be 0.0002089 ETH and subsequently in the ICO period will rise up to 0.0002315–0.0002646 ETH.
Summary of Whitelisting and Token Sale
There will be a total of 1 Billion tokens, 750 Million of which will be available for public sale. Here's a breakdown of the distribution:
You can buy Cryptov8 tokens with your Ethereum or Bitcoin or any other FIAT currency for the time being. Please know that payment methods other than Ethereum are handled manually.
💰 How to buy CRV8
As mentioned in the 'ICO Overview' section, Cryptov8 is in the early Whitelisting phase meaning that the CRV8 tokens are not available for sale yet. But you can whitelist and get yourself a REFERRAL CODE along with an early access to the Pre-ICO period. Once the Pre-ICO period is live you should be the first one to get notified and given a premium access to the buy portal.
In the meantime you can whitelist yourself and promote your referral code to earn a 5% share from your referrals. Here's how you can whitelist;
Go to Cryptov8 Webpage, click the 
button, enter your name, email address, expected amount to invest(estimate), Ethereum wallet address, country of origin, check the two boxes, enter the ReCaptcha and hit the Submit button. Now check your email address for the notification. The notification should have a referral code for you along with the confirmation note.
Now you can write a blog, tweet or share your referral code on different medium with your followings and earn yourself some early CRV8 tokens.
🏆 Verdict
This is no longer a secret that the traditional Banking giants intentionally made Bitcoin look vulnerable by passing on reckless comments in the Crypto circles and media giants. Of course it was expected, but they came at a time when the Crypto community was the least equipped for such rash comments.
It's a no-brainer that cryptocurrencies and Blockchain is the tech of the century (so far) and can not be avoided for long even if you are an adversary. You don't have to look too far, take the example of JP Morgan and countless others.
No matter how strongly you advocate for Cryptocurrencies and it's use in general, you still need the banks to enter the market. It may be considered as an undesired route but since cryptocurrencies are not regarded as legal tenders, what options do you have?
This is where Cryptov8 comes into play.
What if you could get Banking on the Blockchain? What if you could lend/borrow on the Blockchain? What if you could buy/sell directly in your desired FIAT-Crypto without buying Bitcoin or any other major currency first. And what if someone were to bridge the gap between Banking and Blockchain for you to increase the mass adoption and merchants services worldwide?
That's exactly what Cryptov8 team intends to take on. We all know the ever expanding massive potential in Cryptobanking industry. The immensely experienced team of Cryptov8 holds the requisite skills to pull off this ambitious project. Each of the team member have at least a 20 year FinTech experience and a proven track record. Don't just take my words for it, go and google yourself.
I guess that's pretty much it. If you would like to know more, read the Whitepaper here or visit any of the following resources for additional help.
WebPage: https://www.cryptov8.com/
Twitter: https://twitter.com/cryptov8
Telegram: https://t.me/cryptov8
Discord: https://discordapp.com/invite/6rgDf9c
Reddit: https://www.reddit.com/r/Cryptov8/
BitcoinTalk: https://bitcointalk.org/index.php?topic=4470298.0
:۞:••:۞: Thank you for Reading :۞:••:۞:
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I don't think we nessessarily need banks, I think all we really need is time. The more efficient monetary system will win if that's what the market want's. It just need's time and patience :)
Of course it will all come to that in the end.
Ya that’s it! I see so many people running around panicking about all these problems like “use case” lol “we need to spend our bitcoin” no more hodl!!! It makes me laugh these ppl think that’s going to make difference. It just needs time to scale and humans to adapt. Stability and less volatility will come as the market grows in to the trillions and with that crypto will slowly change from holding as an investment to using it as currency.
It’s as clear as day for the patient minds.
You made a good point. There are no shortcuts. Bitcoin was supposed to be a digital form of cash used for your day-to-day transactions but instead it turned into an investment tool and the 'use' aspect somewhat got left behind. And I think it hurt Bitcoin.
While time and adaptation is important, we also need to have the necessary tools available when the time is right.
People are having a hard time understanding that it’s ok if bitcoin isn’t being used as cash right now, it was always a known fact that it would have go through this speculative phase before it builds up a big enough market cap to stabilize the volatility. Just the natural process it must go through! There is no way around it. If there is money to be made from a limited supply people will hoard it! It’s just a FACT of life. But that’s ok, it doesn’t mean bitcoin is broken and not living up to satoshis vision, that’s the wrong perspective. I am in full support of building these much needed payment tools but people need to stop the use case digital cash vs investment debate. Both are vital for the future of crypto and will coexist together as a natural process.
I think those debates are no longer valid. As Bitcoin will remain an investment tool. There are more faster, cheaper, and scalable blockchains that can fulfill the gap for a digital cash. But I think we are not ready for that. As you mentioned earlier, we need Trillions to bring the risk averse merchants to accept Crypto. The volatility factor is probably the scariest one for them. Tx
The whole point in being in crypto is to NOT use existing banking systems. Banks report (actively or passively) to Governments and spy agencies.
Further, digital information can be and is shared from UK to Europe, USA etc. Forget token privacy laws!
This means more tax of citizens (stealing their money) and
unauthorised use thereof eg making war.
This means surveillance of a persons every transaction......
Of course, most blockchain transactions are public; There are some however, that are more private as in Monero, PIVIX, Verge etc.
Sure give your KYC data to Cryptov8 and the FCA.... but understand the impications......
We need to be able to exchange CASH for crypto without any Government taxation or tracking.
As much as I hate the banks and there agenda I think crypto will have to coexist with them for a long time before they are phased out and we use only decentralized exchanges. I am a big supporter of privacy coins as well and will continue to invest in them :)
We have something in common. I think exactly the same. I even left my Bank job years ago when I found Bitcoin for more or less similar reasons.
I like it
Your points really resonates with me but what are you proposing? I mean how are you going to be able to do this.
The localbitcoin and peer-to-peer solution looks like a viable one by it lacks structure, feasibility and many other problems attached. I believe the general user care less about KYC. That data is already with the governments and institutions, you are just sharing it one more time. I totally understand your points, but I guess we are not yet ready for that.
you rightly said that until and unless we be able to exchange cash for crypto and that too without any government taxation or tracking..the real idea behind using cryptocurrencies is not fulfilled. Moreover, the chances of governments allowing cryptos through banks are almost negligible.
me upvote you and you upvote me please one upvote donate
@cyberblock The monetory system need to be very efficient and surely banks need to incorporate blockchain technology or else they will vanish soon!!!
Hi Friend, Lets Help each other by following and up voting. I have just now done for you. Now its your turn to support me by up voting and following #imrandoit60
It definitely looks like it could do very well. The fact that it will be an actual licensed and regulated bank actually sounds good to me. Not some fly-by-night operation.
I can dig it. Great article and good read! Will look more into this!
My first thoughts too, as above. The licensed and regulated bank aspect brings integrity and trust for adoption in a (still) sceptical mainstream. Been wondering when that would happen. Where I'm from, I know as fact that people have had their bank accounts suspended for mentioning BTC in deposit transactions. The only way into crypto, for me, was to approach someone (I knew) and pay them in fiat.
Cryptov8 held a consumer credit licence before that they relinquished in favour of a full banking licence in the past. The application is already under FCA consideration. The Roadmap goes into more details on this. Tx
what a new invention i would love to participate on... Am very sure it will go a veey long way helping everyone... Thank you @ghayas for this amazing post.
Sure, thank you for paying a visit. Glad you liked it.
This definitely has many cre8ive innovations, but what was mainly important to me was the part about converting to FIAT and the confusion with so much wallets and tokens and waste of time.
The journey from crypto to FIAT is discouraging, from one to another, losing worth as you go.
It feels good to know that a solution is available.
Also, and organized bank would handle the confusions newbies face.
Great stuff!
its a practical and right thing.
@djoi
I know of so many people who got left behind due to the risk involved in those inter-conversion cost and hectic processes of verification's. The risk of exposure is just too much for a noob to handle.
Cryptov8 plans to get you a one-stop universal wallet, so you don't have to worry anymore.
Since its inception cryctocurrencies have had to battle with the great dominators of the financial world, who have seen in them an enemy, perhaps some day themselves by the own evolution of man,banks and corporations will see opportunity in cryctocurrencies also and there ends the cripto as an opportunity for all , we must educate ourselves and study all about use of the cripto to guarantee that they remain.
Thanks for sharing great material as always
True, however I tend to think that those giants always saw these opportunities but they were deliberately trying to ignore to save their empires. Now that the crypto phenomenon is more common than ever and investors are enjoying great returns for minimal cost to sacrifice, they act like embracing cryptocurrencies.
You are right friend I always try to learn more about it because is very atractive. Thanks a lot
Sorry to state the obvious but wasn't the whole point of cryptocurrency to do without banks? Still looks like a middleman is very much in effect. I do like the idea of going from fiat to desired coin but can they really pull it off? Cause it looks like they will promise ALL fiat but when they launch, ALL becomes £$€ only. What about other countries? If we have to convert to USD first before trading it's pretty much the same thing as buying BTC first.
If they can guarantee all or almost all currencies will be supported then we are looking at a very successful venture.
Middlemen's will always be there. Exchanges are middlemen's too. The problem is not middlemen the problem is the way they go about it.
I think so. My verdict is positive. The rest is for them to prove. But do know that in projects like this that deals with regulatory authorities, there are sometimes unexpected hiccups. But that doesn't count towards team failure.
True, but do remember that there are certain cost involved to those gateways so projects usually run the profitable coins in the beginning and then keeps adding coins. That's a standard procedure. You can't just support all from day 1. Takes time.
Initially, UK will be covered and then will take on the rest of regions.
Good read and thanks for sharing this knowledge. Added to my list to research further. Would this be accessible by someone from outside the UK to open a bank account?
It will be accessible to all. But will start from UK initially. Thanks for paying a visit.
I would love to have a deep conversation on this and related topic. There is much I do not know about the working of the crypto maybe that is why I see so simple solutions. When I build up something where our group has something to offer in contribution than just a theory. I would like to have you in that conversation then, Remember this name. ;)
Thank you appreciate it. I am always around, not much sleep for me lol. It would be a pleasure to participate. Thanks for paying a visit.
It is absolutely right. There is a lot of combat against crypto currencies. The middle man, as they refer to the bank owners, will need to earn still more.
A lot of those earning will be trimmed down cause with Cryptov8 you don't have to buy indirect coins to make the conversion to your desired crypto. If you want to buy STEEM you buy STEEM, you don't have to buy Bitcoin or any other major currency.
Those middlemen's/exchanges makes a lot of money in those inter-indirect-conversions.
That will make it very easy for all users! Fascinating!
I need one to educate and to teach me about this topic, crypto is digital coin that would be famous in nearly age.
I hope that time, i have already deep information and knowledge about it.
Would you someone be my pathner?
Thanks you my beloved brother
I don't know what sort of partner are you looking for and the skills you require. But anything about Crypto and I am in, :)
Thanks for welcoming.