Today we are going to review a new company which looks like it might be interesting for our readers, its name is Crypt2Pos. Check our review.
What is Crypt2Pos?
Crypt2Pos is the name of an online platform which allows shops to connect their terminals and enable people to use cryptocurrency to pay for their goods and services. This way, these online shops will be able to accept cryptocurrencies without actually having to accept cryptocurrencies and exchange them themselves.
This company is already planning a mobile application for both Android and iOS which will be released soon and will make it easier to use Crypto2Pos (known also as C2P) to pay for goods online.
The company developed the idea of this product because many stores still do not accept cryptocurrencies as they do not want the hassle to exchange the tokens later themselves and prefer cryptocurrency. By using C2P they will be able to receive tokens but receive the money in their bank accounts in fiat currency.
The team who developed this cryptocurrency already has more than 10 years working in the ecommerce and financial market and it consists of Nick Petrovski (CEO), Nina Zamburova (CFO), Anton Aksato (CTO) and Alexander Dizhanov (CMO).
How Does Crypt2Pos Work?
As stated above, Crypt2Pos will act as the connection between shops who want to receive fiat currency and clients which want to pay using cryptocurrency. The company will have low fees and it will be compatible with many cryptocurrencies. Also, the company is currently launching its own cryptocurrency, which will enable its users to trade without having to pay any fees.
C2P uses POS terminals to connect users and online stores and make transfers to wallets and bank accounts while it converts cryptocurrency using the best exchange rates. A POS terminal, in case you do not know, is an electronic device which receives credit card payments and other non-contact interfaces.
More people are using cryptocurrencies every day, so it is completely expected that more companies like C2P appear on the market to solve the problem that many shoppers simply do not want to accept cryptocurrency but they do not want to lose their clients who intend to use it to pay for goods and services.
The API of Crypt2Pos will be open to third party developers and it can be used for the creation of loyalty programs, cryptocurrency exchanges and invoicing systems which will use cryptocurrency, among other things.
The company intends to launch its product until the end of 2018 after the sale of tokens and the marketing of the company to the market are done. In 2019 the tokens will also be available on exchanges for the people who did not buy them before.
How to Invest in Crypt2Pos?
The sales of the Initial Coin Offering (ICO) of Crypt2Pos are already open and you will be able to buy tokens until the end of March. You will be able to use both ETH, BTC and LTC to pay for the tokens. The price of the tokens will vary during the sale. Because of this, you should buy sooner rather than later.
The Crypt2Pos ICO Verdict
Is Crypt2Pos a good investment for you? It depends. If you are an investor who intends to use the cryptocurrency created by the company solely for exchange and obtain a return on investment selling the tokens, then maybe not so much, but it can be a good idea to buy the tokens if you are already interested in using the platform.
The platform seems to have a good chance in the market especially because it is useful for something that is currently very needed, so it can definitely be a good idea to buy C2P tokens if you intend to use the platforms that will use the tokens.
The choice is up to you. You need to see the pros and cons of this cryptocurrency, analyze the prices and then you will be able to decide if you should invest in this company or not. Just do not take too long because you be able to pay less for the tokens if you buy them as soon as possible, so you should not lose this chance.