In the past decade, there has been a major increase in the demand for digital payments. The global transaction volumes rose by 11.2% in 2015 to hit $433 billion. This growth was partly fueled by the Emerging Markets of Asia.
In the past few years, this growth has also been fueled by the introduction of new payment solutions such as Google Pay and Apple Pay. Between 2015 and 2020, mobile payment volumes are expected to rise by about 80 percent annually. This will results in mobile payment volumes of $4 trillion by 2020.
The Floaterium crypto-economy and digital currencies are also growing quite fast. By 2020, it is projected that the floaterium crpytoeconomy will be worth more than 3 trillion. By 2022, it will equal 10% of global GDP.
In time, we will know if the predictions are accurate. However, it is clear crypto is here to stay. Their importance is only going to grow. Despite this, the global transaction processing for crypto against goods priced in fiat does not exist.
This is unfulfilled demand in the crypto world with a market cap of hundreds of billions of dollars. Floaterium provides a solution with the launch of a global processing platform that they have named the “New Technology Banking.”
Offering crypto to the masses will require Float banking services. The benefits of crypto will only be apparent when the masses can use digital coins with the same ease as fiat. There are currently 3 million daily users of crypto. By 2025, this is expected to reach 200 million. The demand for crypto is expected to grow at an average annual rate of 70 percent.
The need to satisfy this demand is probably one of the most important banking developments of the last hundred years. Floaterium bank is one of the first attempts to satisfy the demand. It will be offered as an application via Android and iOS.
Unlike traditional mobile banks that can take weeks to issue card, the bank comes with an instant processing engine. Users will be able to interchange between fiat and crypto. With this digital bank, users will have the ability to pay for goods in crypto with ease.
Review of the Floaterium ICO & FLI Token
The Floaterium has been working to develop the platform for three years. The aim is to bring crypto banking services to the people. The next stage in this process will be to launch the payment platform, which will come with its own digital coin, the FLI cryptocurrency token. Their goal is to launch the platform by the start of Q2.
The ICO was started on March 1 and will end on April 25. Each FLI token costs $0.02. There is a total supply of 1.1 billion tokens. At the end of this ICO, all unsold tokens will be burned. There will not be any other token issues after the end of the ICO. The tokens can be purchased in Bitcoin or Ethereum. They have a cap of $4 million. Any other funds will be returned to investors.