Fidelium – A Cross-Exchange Platform combined with Payment System
With cryptocurrencies being increasingly integrated into our everyday lives, many are still in a crisis of understanding the true value of digital assets; or cryptocurrencies – leading to extreme volatility and speculative prices at best.
With Bitcoin surpassing its 9th anniversary, one of the main uncertainties that investors still have concerns over to this date is when and how will crypto become a valid medium for payments.
Albeit the skepticism and authenticity behind the technology for Blockchain, the general public has been increasingly labeling cryptocurrency as the next ‘industrial revolution’ – hoping to bring an array of economic prosperity, and more importantly, a true alternative to traditional financial instruments; however, there are still big hurdles within the cryptocurrency community: volatility, arbitrage complications, tedious sign up processes for multiple exchanges, and most importantly, using cryptocurrency as a medium of payment in the real world.
Fidelium aims to target those problems mentioned above. Fidelium has created a solution with an all-in-one platform to users: ‘Fortress.’ In essence, Fidelium’s Fortress is an ecosystem will integrate cryptocurrency exchanges around the world, providing its users the freedom and the opportunity to conveniently trade between selected exchanges (in other words, convenient arbitrage), and allow cryptocurrencies, such as Bitcoin, Ethereum, and Fidelium token ‘FID,’ which is set to be listed on exchanges starting at the end of this month, to be as a medium of exchange in real life.
Exchanges Are Making It Too Complicated, What Is Fidelium?
Wallet + Trading Platform: Fidelium’s multi-functional wallet & trading platform will offer a breather to existing and new users, by allowing them to sign up for the platform via a one-step process known as KYC (Know Your Customer). This in return will remove all heavy duty and tedious processes that is known by most users using multiple exchanges.
Mobile Application: With Fidelium’s mobile application, you can easily store and manage tokens such as Bitcoin, Ethereum, Litecoin, and the native Fidelium (FID) token. It will also function as the interface for its Fidelium Pre-Paid debit card.
Convenient Transactions via Exclusive Debit Card: The Fidelium team is committing to the cryptocurrency community to make an easier and most importantly, quicker way to make withdrawals, and payments from anywhere in the world. According to Fidelium’s undertaking via the Whitepaper, Fidelium’s proprietary technology will allow users to make payments from anywhere around the world that accepts debit card payments.
The Fidelium debit card will permit users to set the payment to whichever token you want you desire to pay with. This removes all the hassles of withdrawing, depositing, and making bank transfer that you have to do with most cryptocurrency exchanges.
Transparency is Key for Fidelium
One vital part of any project, is having a strong, but balanced team. Fidelium’s team is heavily endorsed with years of experience ranging from banking, security, developing, and of course, blockchain. Fidelium’s team has expanded from an idea to a prosperous team of experienced developers trying to fixate the basic problems that still has not been fixed within the cryptocurrency community. Transparency and reputation is not something the team finds necessary, but they take actual pride in order to gain trust within an already uncertainty community – and with that being said, development and project updates will be given on a periodic timely manner.
One misconception that users have expressed concern for this platform has been the necessary resources for executing transactions in an effortless, timely manner. According to the whitepaper, Fidelium will be heavily allocating resources towards local servers around the world to make sure that trades are executed as smoothly as possible.
Already in development is the Fortress “Professional” platform which will offer users to cipher different algorithmic processes (automatic trading), which is a recurrent method used in traditional financial markets such as Forex and Stocks.
A Noble Cause:
Fidelium’s (FID) token sale has been concluded as of March 12th, 2018 and is set to be listed on a Korean exchange at the end of March. A common recurrent problem within the crypto community is that the whole cryptocurrency experience is much more difficult than it really needs to be. Fidelium is now the first to show action for such problems with arbitrage. Fidelium will be traversing the imminent problem between accepting cryptocurrency as a payment and finally allow users to easily transfer, withdraw, and pay with cryptocurrency in the everyday world.
Main Website: www.fidelium.io
The Next Web: https://thenextweb.com/contributors/2017/12/05/3-tech-tips-startups-heading-2018/
Linked In article (by Luciano Pesci): https://www.linkedin.com/pulse/why-crypto-kill-cash-probably-governments-too-luciano-pesci/
Huffington Post: https://www.huffingtonpost.com/entry/broadening-the-banking-system-how-to-expand-bank-access_us_5a280f17e4b0cd6fb5ee8bd5