Tired of accruing Bitcoin, Litecoin, Ethereum, and other popular crypto tokens while also feeling that you have nowhere to spend this cryptocurrency? With Denaro, it's now possible to turn not just Bitcoin, but other tokens as well into cash in addition to trading tokens and purchasing online.
This bold new company is already doing this with a system of inegrated pay terminals in brick-and-mortar businesses, IBAN numbers, API/SCI funcionality that can be customized for commercial services, and overall transparency. And the best part? It comes with a debit card that you can use at ATMs.
The brainchild of a team of blockchain and financial specialists, it appears that the Denaro group is finally bridging the cryptographic community with traditional financial infrastructure.
Liquidity and Cryptocurrency
Sure, you can buy goods and services online with Bitcoin, Ethereum, Litecoin, and other cryptocurrencies, but how do you turn these blockchain based currencies into cold hard cash?
Given the current climate, liquidity is one of the greatest challenges in the world of cryptocurrency. Exchanging tokens from one blockchain to another has become easy and routine. However, the same can't be said for into criptocoins into fiat currency (you know... ollars and Euros and stuff).
Most of the time the way to cash out Bitcoins and other tokens involves getting sucked into a viscious circle of changing one token into another, then perhaps another again and so on, all the while having to go through tedious confirmation processes.
Simply put, if there's one main obstacle towards cryptocurrency becoming mainstream, it's this difficulty in cashing out. This maybe changing though.
Introducing Denaro
Denaro is a new platform that solves this liquidity problem with an innovative electronic wallet that pairs up with a physical debit card. Denaro lets users store, spend, and also withdraw funds that originate from cryptocurrency at any payment terminal where debit cards are accepted, both online and offline. With Denaro, you get a real IBAN account (International Bank Account Number). You can then charge your account with BTC (Bitcoin), ETH (Ethereum) or even with DNO (Denaro's own native token) and then it's just like using any other bank card. Denaro also has customizable API/SCI functions for making purchases online.
Using the Denaro Wallet
The Denaro wallet is central to the entire Denaro ecosystem. The wallet is the gateway to storage and exchange for both cryptocurrency and fiat currency alike, and it allows Denaro users to deposit, send, and exchange compatible cryptocurrencies and fiat currencies with one another through a channel that is perfectly transparent for all parties involved.
What this essentially means is that you don't have to focus on one cryptocurrency. There's a tendency with cryptocurrency to go "all in" with only Bitcoin and maybe Ethereum, but with Denaro you can handle a these and other blockchain based tokens. As were already mentioned, Denaro already has their own token called DNO and there are many reasons for being an early adopter and using Denards native token.
Simplified Payments for the Wider Market
As a fairly new platform, Denaro is offering plenty of ioncentives for early adopters. For instance, vendors who sign up for Denaro in these early days will also recieve a payment terminal free of charge. Handing out this free hardware in large volumes shows that this bold new venture is serious and aims for massive adoption.
Those who opt to purchase DNO tokens will also be able to access a wide range of discounts, premium online vendor services, and other exclusive benefits. What's more, Denards founders have pledged to share a part of the commissions they earn from network transactions with DNO token holders as the company meets certain milestones.
lnitial Coin Offering
And so how can you get in on the bottom floor with the DNO token?
Following a very successful presale, Denaro has announced their Initial Coin Offering. The ICO began on February 9, 2018 and will last until the end of March.
100 million DNO tokens are up for grabs during the Denaro ICO and 3,000 DNO can be acquired for 3,000 ETH (or the equivalent).
Website : https://denaro.io/
Whitepaper : https://denaro.io/docs/Denaro_Whitepaper.pdf