The crypto-market has apparently gradually digested the 2017 hype with all its negative implications. During the hype, hundreds of scams ripped off investors via malicious ICOs and MLM schemes. In 2018, many previously euphoric crypto investors exited ripped-off, disappointed and horrified. The crypto market switched into a bearish cycle – the so-called crypto winter. In Q2 2019, however, this crypto winter seems to finally give way to crypto spring. Promising developments in the crypto startup scene such as the new crypto debit card issued by Jubiter further the early signs of crypto spring.
The WaveCrest Shock
The good crypto startups have made use of the crypto winter to prepare for next crypto spring and developed innovative products. This also includes the Estonian-registered crypto startup
Since then, you haven’t heard much about crypto debit cards. They existed, but few wanted them. Crypto debit cards are one of the typical applications for making crypto mass-ready.
Reviving Crypto Payments Vision
The much-hyped TenX of the Austrians Julian Hosp and Toby Hoenisch raised some $80m in its ICO in 2017 to issue its crypto debit card. While TenX with its many millions failed so far to present a TenX debit card for the European markets,
As a fairly new player
The
Interesting, Jubiter which is knowingly facilitating payment solutions to the unregulated forex operators via its crypto front (via sophisticated redirects) being promoted by Fintelegram?! This just proofs that you/ Fintelegram are selectively targeting operators and potentially have stake in some others yourselves.
Well, thank you for your critics. And I mean it. FinTelegram tries to be as critical as possible in the very best interest of investor protection. This doesn’t mean that we are not able or willing to work with companies and people we criticize. To us, this is between the “good” and “bad” actors – good actors are willing to improve. Critics should not be an end in itself.
We are discussing with many perpetrators and/or questionable actors. This is part of our mission to further a safe online investment environment.
Our team worked with Jubiter over the last couple of weeks. The Jubiter guys adopted their KYC/AML procedure on the grounds of our critics. Hence, it can no longer be used by illicit broker schemes for example. We appreciate such an approach!
We already provided an update on this a few days ago. Moreover, we are happy about any single development of good crypto companies to further its mass adoption.
While we have no stakes in any of those companies we criticize we have to admit that we may not be aware of all bad actors out their.
Feel free to continue the discussion. Much appreciated.