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We, CryptOcean, are enthusiasts and dedicated professionals, and our intentions are driven by an idea of creating the project that clearly responds to the needs and desires of the market. We have carefully studied the modern financial landscape and identified three main areas that are of particular interest of the audience:
Acquiring. The share of non-cash payments in the Russian market is among the highest in the world. For example, in 2008 it stood at no more than 5%, and already in 2019 this mark reached 61%. In Europe and the USA, these figures are slightly higher, close to 80%. This happens due to the development of acquiring, processing payments for goods and services that are carried out using plastic cards. It includes the transactions of non-cash funds, banking and technical support, as well as the processing of personal data of clients.
Cryptocurrency. Another modern trend in the financial world is digital currency. For example, in 2019, Coinbase, on of the leading exchanges, counted more than 13 million BTC users, while other sources suggest that the number of active cryptocurrency users is close to 32-35 mn. And the holder’s number continues to increase, indicating that this market has huge potential.
Cryptobanks. Despite the popularity of digital currency, its main problems remain legality and security. Traditional financial institutions cannot enter this market fast: to solve the tasks of the crypto world, competencies related to blockchain technology are needed. Therefore, crypto-banks and payment services are largely protected by this innovation barrier. They engage in standard cash transactions, such as withdrawing funds, accumulating savings, lending, and investing in a wider range of instruments and markets. The main difference from traditional banks is the integration of cryptocurrencies in all of the above financial processes.
The join use of cryptocurrencies and traditional financial operations is building up every year, but difficulties in working together still exist. Therefore, the CryptOcean project seeks to solve this problem by building a multifunctional infrastructure and becoming a reliable bridge between the two worlds.