If you are an investor that is searching for a good investment option, then you may be interested in hearing what Cryptopay has to offer. After fantastic results from their ICO, the company is developing new services to solve many of the problems in the cryptocurrency industry.
The cryptocurrency market is very competitive and several products are certainly undervalued, but it may require some time to analyze all the possible options. With the latest developments in the space, a good investment proposal may be Cryptopay and their CPAY token.
What is Cryptopay?
Cryptopay allows its clients to spend, save, and transact cryptocurrencies in a very easy way. The wallet allows users to exchange fiat currencies including GBP, USD and EUR for cryptocurrencies such as BTC, LTC and XRP. In addition to their wallet, the company has been one of the biggest bitcoin prepaid cards providers in Europe. These cards effectively streamlined the use of cryptocurrencies into daily life.
The Cryptopay prepaid card was launched back in 2015 and was one of the first digital cards available. They work as an intermediary that allows users to have a single point of access to the complex financial and technical infrastructure – everything in a user friendly way.
This past January Cryptopay’s prepaid cards were suspended due to compliance issues between its issuing bank, WaveCrest Solutions, and VISA. This situation hit all card providers across Europe and it’s expected that their card program will be available pending approval of their issuing bank.
The ICO & the CPAY Token
Cryptopay successfully ran an ICO last Autumn raising 15,000,000 Euros in the process. The first milestone to be developed from the ICO is a brokerage service. The brokerage service will be one of the first of its kind in the market. Basically, Bitcoin Brokerage will provide users a platform where they’ll be able to buy stocks directly with their bitcoin. Thanks to services like Cryptopay it’s relatively easy to buy goods with your BTC, so it seems that the team thought “why not do the same with stocks?”
While it is true that Cryptopay was already a profitable company before running their ICO, the coin offering allowed them to accelerate the development of their service, and investors were left with the CPAY token, which entitles all holders to 10% of the company’s aggregate revenue.
The company has been distributing monthly revenue rewards since from their products to holders of CPAY since January 2018. The process works like this, at the 5th of each month token holders receive their share of the past months revenue. The team is quite punctual on these payments as they haven’t ran into any trouble distributing rewards on time.
The aforementioned referral commission equates to a source of passive income for publicly available investment schemes. That means that the CPAY token a direct result of the company’s performance of all of the products that they offer.
Meaning, that the amount of revenue distributed to token holders is a direct result of Cryptopay’s performance as a business. It is tied to all of their products that they offer. It’s also worth mentioning that they are true to their word when releasing new products. The most recent being the inclusion of XRP in their wallets, and according to their roadmap, the next two will be the integration of ETH and the comeback of their card program.
Building Trust Amongst Uncertainty
Certainly, ICOs can have a bad air around them due to the market being flooded by scams and ran by teams that just take investors money with no real interest of developing the products and services that they promised. Companies like BitConnect operated with pyramid schemes and from one day to the other halted operations. SEC Chairman, Jay Clayton, commented about scams in the ICO market:
“The rapid growth in the ICO market, and its widespread promotion as a new investment opportunity, has provided fertile ground for bad actors to take advantage of our Main Street investors.”
It is quite obvious that Cryptopay’s ICO isn’t a scam due to a variety of the already mentioned reasons such as their revenue rewards and the fact that it is attached virtually to a reputable company with a solid track record of products and services.
Cryptopay publishes monthly revenue reports which give a detailed breakdown of each month’s revenue and which products were the greatest contributors. This is a breath of fresh air in an ICO market which is dominated with an unfortunate lack of transparency.
Additionally, the company’s ICO website is frequently updated to show the latest developments and reflect the progress that has been made on their products, services, and milestones. They also publish frequent interviews with different members of their management which have brought clarity and provided a human face to a financial service.
The token is being traded on different exchanges including HitBTC and IDEX. At the moment, the currency is being exchanged around $0.035 USD which is remarkably low considering the company behind it.
It is important to mention that the coin seems to be undervalued. It is possible to have a look at the facts and make profitable investment decisions for the short and middle term. With the card service to be re-enabled soon and with the team is working hard to list the coin on more exchanges, CPAY’s value is bound to grow.
Cryptopay has proved to be a reliable and ambitious company with a proven track record of delivering products to community at large. Based on the results of their last revenue share, the price of its token and the card service going to be re-enabled soon, CPAY seems to be a very sound investment when considering the revenue distribution and the strong financials pointing towards a surging token price.