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FOMO – fear of missing out.
Everyone’s had it at some point in their life. Whether it’s missing out on a playoff ball game, skipping that amazing concert to study for finals, or passing up an awesome vacation with friends to secure a raise at work–fear of missing out is never fun.
This maxim is nowhere more real than in financial markets. As equities continue to soar to lofty heights, money managers who have sat on the sidelines waiting for the other shoe to drop have missed out on some incredible gains. Those who have dared to short this bull market are reeling.
This is true for cryptocurrencies as well. Bitcoin and Ethereum, the two most popular cryptocurrencies, have rocketed to record territories this year. Even after a few pullbacks, the coins are still far above their 2016 highs.
This has led many to experience FOMO–they missed out the first time around, and they don’t want to miss out on future gains. But there’s a problem. Some in the cryptocurrency community like the exclusivity of digital coins. They like that not everyone can understand them. They like that they’re elusive, inaccessible, and covert.
Others, however, see the value they can bring to blockchain fanatics and average joes alike. Companies like Cryptopay have a history of making blockchain technology and cryptocurrencies accessible. They have a vision for the future, a vision that includes everyone. Cryptopay, after launching several extremely successful blockchain products, is back at it, ready to unleash new services that will forever alter the investing landscape.
Cryptopay’s Track Record of Success
Cryptopay’s current ICO is designed to add to the thriving company which was founded in 2013 and went operational in 2014, already has several product lines in full production. Each of these products provide access to the misunderstood world of cryptocurrencies and blockchain technology.
First, Cryptopay has a crypto wallet. This is their core product that serves as the basis for the rest of their services. It doesn’t carry physical bills or coins, but houses cryptocoins–thus it is a combination of a traditional wallet and a bank account. With the Cryptopay wallet, users enjoy instant integration to exchanges where coins are traded. They recently introduced Flex accounts which offer instant exchange options. Whenever Bitcoins are sent to a Flex account, they are instantly converted into the fiat currency denominated in the account–no manual conversions are required.
Second, Cryptopay launched a debit card in early 2015 called the CPAY Debit Card. As one of the first digital currency cards on the market, it enjoyed the privilege of providing Bitcoin accessibility to the general public. It helped bridge the gap between a seemingly complex currency and everyday, mainstream life. The beauty of the card is that it can be used anywhere traditional payments cards are accepted. When used with Cryptopay’s wallet, users can go on with life as normal–the only difference is that Bitcoin has replaced physical cash. In Cryptopay’s own words, “Cryptopay allows users to have a single point of access to the complex financial and technical infrastructure in a user friendly way.”
Third, and perhaps most remarkably, Cryptopay has helped bring blockchain technology into the business sector. Their third existing product, merchant processing services, allows high risk merchants (e.g. gaming and gambling) to send and receive Bitcoins as a payment channel. But the merchants don’t have to hold Bitcoins themselves–Cryptopay’s service acts as a way for businesses to funnel money between customers without actually taking custody of the funds themselves. As blockchain technology continues to grow in popularity and accessibility, Cryptopay’s merchant processing service will benefits other revenues streams through increasing blockchain integration.
Cryptopay’s New Product Lineup Offers New Participants Investment Options
Cryptopay is in the process of moving from everyday living to everyday investing. As blockchain currencies grow in market cap, more and more investors will pile in. One article published earlier this year shows how Bitcoin users double every twelve months. If this keeps up, it won’t be long before half the world’s population is using Bitcoin.
In order to keep up with these demands, Cryptopay is working on a proprietary blockchain brokerage platform. This platform will allow investors to hold their crypto assets in a brokerage account, giving them the flexibility to move in and out of other coins and / or traditional assets like stock, bonds, and fiat cash. The goal is to provide seamless transitions between crypto assets and traditional assets, freeing investors from account freezes and restrictions. By serving as a third party regulator, Cryptopay hopes to provide traditional financial services in a safe and compliant manner.
Cryptopay is also looking to expand its banking services. Because so many traditional financial service companies–and their executives; Jamie Dimon, anyone?–don’t understand cryptocurrencies, the general public is unable to access their many benefits. Cryptopay’s forthcoming banking services will be a dream come true to blockchain traders and miners. By constructing accounts with the customer’s name and a legitimate international bank account number, Cryptopay will bridge the gap between traditional and blockchain banking functions.
Finally, Cryptopay wants to expand its underwriting and fundraising capabilities. It plans to launch a peer-to-peer marketplace that will both protect investors and benefit ICO issuers. As a third party underwriter Cryptopay will not only run and underwrite ICOs–they will provide legal due diligence and compliance as well. Cryptopay’s customer-centric orientation means that the retail investor will be able to participate in the biggest ICOs–something Wall Street investment banking giants would never allow.
When combined, all six of Cryptopay’s products allow the average person to participate in the incredible things cryptocurrencies have to offer. Three are already successful ventures; the other three are sure to follow a similar path. Cryptopay is committed to pioneering an exciting path in the blockchain industry. Their innovation is a welcome addition to blockchain technology.
The CryptoPay ICO has started this month and will be generating coins called CPAY. The company conducted a successful pre sale which started September 25th, and lasted for a week. The public sale started on October 2nd and will conclude October 30th, though the company will continue calling for partners throughout the sale. Early investors will receive additional bonuses.