Dubbed as Western Union for Crypto, 99Krypto Solves Liquidity Issues, Offering Faster Payments in 45 Fiat Currencies.
99Krypto is pleased to announce that it will now be operating in 60 countries with an aim to expand continually to more geographical locations. The platform is a one-stop shop for all kinds of crypto owners looking to convert into fiat currencies or purchase something directly using their cryptocurrencies.
Besides, it also serves as a platform for crypto buy/sell, crypto to crypto/cash loans, crypto swaps, crypto deposits, and crypto escrow dealings.
The project, which started in December 2021, is set for a December 2022 launch. With its new platform, 99Krypto is set to disrupt the crypto space with some of the most innovative features like impenetrable security and fast crypto-to-cash withdrawals in 45 fiat currencies for 30 crypto assets and 1000 dealers across 60 countries.
Although it’s a relatively new player in the market, the founder, Vanitha Lakshmi, has over 18 years of experience in finance-IT. She has worked with some of the major banks, including Standard Chartered Bank and Bank of America.
Vanitha developed 99Krypto to solve two major problems, liquidity, and ease of transactions, and she’s doing that through the innovative Peer to Dealer connection.
The process of dealing is simple. Anyone looking to make a transaction (cash withdrawal, crypto loan, swap, buy/sell, or purchase something from crypto assets) will be facilitated by a dealer already onboard the 99Krypto platform.
Once the transaction is done, dealers earn a part of the transaction fee in the form of 99K tokens, which is 99Krypto’s own BEP20 token. Since every transaction fee will be used first to buy 99k tokens from the market and then pay the dealers in these tokens, the reserves will be maintained, and the token’s demand will stay consistent.
However, the officials at 99Krypto made it clear that all dealers would be required to purchase 99k tokens from the open market and deposit the tokens with the platform as security to be eligible to take transaction orders. Customers will also get the option to pay transaction fees in 99k tokens, allowing them to reduce their transaction fees, thus, creating a perfect win-win situation for dealers, crypto owners, and the 99Krypto platform itself.
To know more about 99Krypto or to use their services, read their whitepaper or visit their website.
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Company Name: 99Krypto
Contact Person: Vanitha
Email: Send Email
Country: United States
Website: www.99krypto.com
