Portal Allows You to Buy Altcoins Using Fiat, Without Converting to Bitcoin [BTC] BTC or Ethereum First

A new crypto purchasing portal is enabling users to purchase more than 20 cryptocurrencies and altcoins using fiat directly.

Netcoins, the Canadian company behind the app, says the recently launched service is operational 24/7 online — helping to deliver real-time transactions without delays.

The Netcoins team says its offering stands out from competitors because it simplifies transactions for crypto enthusiasts, and eliminates the need to change fiat currencies into bitcoin [BTC] BTC or Ethereum before going on to purchase altcoins.

The new Netcoins platform also offers an automated Know Your Customer (KYC) product, giving users the opportunity to complete the registration quickly for approved trading. According to the company, applications can be verified in as little as 24 hours.

Saving customers time

Illustrating why its app will prove to be a boon for time-pressed crypto customers, Netcoins has shown how users have the opportunity to skip steps and acquire the altcoins they desire much faster than what many popular exchanges can provide.

For example, customers who want to buy Pareto on the platform can do so directly as soon as they have funded their account with their local fiat currency — with euros, Canadian dollars and U.S. dollars accepted. Netcoins argues that this is in stark contrast to other exchanges, which often have slower turnaround times, a limited selection of coins, no facility for storing fiat, or a requirement that purchases are made using bitcoin [BTC] BTC or Ethereum first. Usually, users have to jump through several hoops: They purchase bitcoin [BTC] BTC first to obtain USDC before they can convert it to Pareto. With Netcoins, it’s a simple direct fiat to Pareto process, the company says.

Netcoins is hoping to move away from the status quo, which sees crypto consumers relying on exchanges that pair bitcoin [BTC] BTC or Ethereum with the altcoins or tokens they want to purchase. By removing this step altogether, Netcoins believes the process of buying less common cryptocurrencies — such as Steem, Cloak, and others — will be far easier, and this could help drive adoption and demand.

A global network

Netcoins’ new app sees the Vancouver-based company enhance its offering even further — and as reported by Cointelegraph toward the end of last year, the platform has already amassed a global retail network of over 170,000 locations in 53 countries. These stores enable anyone to walk in and buy cryptocurrencies using fiat — offering customers peace of mind and providing a less-complicated method than the arduous registration processes associated with some major exchanges.

Retailers are able to offer crypto through the company’s “Virtual Crypto ATMs” — a piece of software that can turn any tablet or laptop into a digital cash machine. Usually, a purchase sees the buyer given a voucher for their crypto that can subsequently be redeemed online.

Late last year, Netcoins set out its ambition of becoming a big player in the world of crypto payment processing — and at the time, the company said its performance was strengthening despite the volatility seen in the crypto marketplace.

A few days ago, it announced that its platforms generated more than CA$27 million ($20.4 million) in transaction revenue in the fourth quarter of 2018 alone, with fiscal revenues for the whole of the year hitting CA$59 million ($44.6 million). According to Netcoins, this represented year-on-year growth exceeding 400 percent — despite the price of bitcoin [BTC] BTC plummeting precipitously as 2018 came to a close.

Mark Binns, the CEO of Netcoins, said the addition of automated KYC and the self-serve purchase portal gives the company greater scope for scalability. He added: “As a brokerage, we can thrive in both bear and bull markets — every trade earns us a commission.”

The crypto payments portal is currently in AN open beta phase, enabling anyone to register and begin performing transactions. The company is also running a promotion and promises bonuses for the first 1,000 unique users who fund their account. Netcoins says it plans to continue optimizing the experience for its users and is keen to receive feedback from its loyal community.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Published at Mon, 28 Jan 2019 13:22:00 +0000

April 6, 2017

Humaniq Project collected $1,300,000 in the first hour of ICO

Luxembourg City, Luxembourg – April 6 – Humaniq launched their ICO on the 6th of April at 00:01 CET. After several publications and respected analysts reviewed the fundamentals of the project, Humaniq experienced a groundswell of support and the team was contacted by Brett King and Chris Skinner who expressed their enthusiasm.

[Note: this is a press release.]

Based on the results of the first hour of the ICO, Humaniq has already reached the first goal in the crowdsale dashboard, with the total amount collected exceeding $ 1,300,000. Humaniq can add one more achievement to its honor board, see for yourself:

April 2016 – the inception of the Humaniq idea by Alex Fork

November 2016 – the original project team was formed

December 2016 – the official launch of the project and announcement of pre-ICO

December 2016 – In two weeks Humaniq collected $ 115,000

February 2017 – Alex Fork conducted the first performance tests of the project in unbanked regions of India

March 2017 – Alpha version of the app is available for testing on IOS and Android

April 2017 – Humaniq collects $1.3 million in the first hour of their ICO

More about ICO

● ICO began at 00:00 CET on 6 April, 2017, and for the first 48 hours there will be a bonus of 49.9% for early investors

● From 8-14 April the bonus will be 25%, and finally 12.5% from 15-21 April.

● The ICO ends at 23:59 CET on April 26th.

Join ICO – https://my.humaniq.co

Why Humaniq is a Unique Project?

Humaniq is an iOS and Android-based banking 4.0 app that uses biometric ID to set up new accounts and verify transactions, and will target the two billion people globally who do not have access to formal banking services.

Humaniq solves the issue of people from emerging economies not being connected to the power of the global economy. The app will allow users to sign up without providing formal documentation or needing to visit a bank branch by using cutting-edge biometric technology on a smartphone. Users will be able to earn money by performing services for other users, and then convert this money into cryptocurrencies like bitcoin or ether, or utilize mobile cashiers to exchange Humaniq tokens (HMQ) for local currency. The suite of planned services also includes P2P loans, small business loans, insurance, pension and investment accounts, and document security.

To encourage adoption of the network, users will be educated by regional ambassadors in the value the app can bring to their lives. New users will be able to buy cheap android phones for as little as $10 and then earn the money back within one or two weeks of performing tasks for outsourcing firms through the Humaniq app.

Humaniq Leadership Team

Alex Fork, who is the head of futurefintech.org, and blockchain.community board member.

Dinis Guarda – Vice President and Chief Strategy Officer, Board of Directors, UK at Humaniq

Richard Kastelein, Interim CMO – Director at Blockchain Partners and CryptoAlchemy, Publisher of Blockchain News and founder of ICO event CryptoFinancing Conference.

Alakanani Itireleng, director of the Satoshicentre in Botswana, head of Humaniq’s regional ambassador program, and one of the leading voices for bitcoin in Africa.

About Humaniq

Humaniq’s main goal is to create an Ethereum Blockchain based financial services app that will bring mobile banking to an audience of two billion people who currently don’t have access to non-exploitive financial services. In addition to providing financial services, the app will also act as the infrastructure backbone for 3rd party services to plug into, such as insurance providers, p2p lenders, and data security firms.

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