This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.
Cryptocurrency wallets are generally meant for storage purposes only. While there are POS-based tokens where your crypto worth can passively increase over time through staking, the returns are not guaranteed over a fixed time frame. So wallets in no way act like a regular savings account and don’t operate on the same principles.
While Bitcoin and cryptocurrency wallets, in general, offer a new range of utilities for everyone, they still fall short of the many useful options that regular banking channels provide. ESR Wallet, a new payment and credit services platform, aims to bridge that gap with some bold initiatives.
The new ESR Wallet offers full range of banking services to its users. The platform also supports most of the mainstream cryptocurrencies available in the crypto market like Bitcoin, Ethereum, Litecoin, etc. The ESR team is based in the UAE and has successfully undergone a pre-Token Generation Event.
The platform itself is in the last stages of development and an initial release will ensure that the backers can see what they are involved in. This is a very important development as we have seen how futuristic-looking wallets have been funded and have failed to deliver as promised.
Real Life. Real News. Real Voices
Help us tell more of the stories that matterBecome a founding member
According to Konstantin Beynars, Technical Director at ESR Wallet:
“Bringing a cryptocurrency bank into realization is both a technically and legally difficult task, due to the legal complexity of connecting traditional bank accounts to cryptocurrency exchanges. Unlike the founders of many similar projects, our team is highly experienced in the fields of finance and licensing. Our company, ES Reliable Investments, has been operating its own ATM network in the USA for years”
So, the parent company of ESR wallet has already been operating banking networks across the USA, and this actual experience will definitely help them in the successful development of this system. ESR is also offering 20% annual interest for cryptocurrency deposits in its wallets. Naturally if a user has fiat currency on the ESR wallet, interest rate will also be applied but that will not be the same as cryptocurrency rates because of obvious reasons.
Token Generation Event
The ESR Wallet is undergoing a crowdfunding campaign. The main TGE was launched on December 19, 2017. A previous pre-sale was successfully undertaken recently. The base price during the TGE has been set at $7.50 per ESR token which is expected to rise once the first batch of plastic cards issued by ESR platform is released to the token holders. 30 percent of the profits from running the new wallet platform will be distributed among the token holders. The TGE goal has been set at $8 million out of which $1.2 million have already been raised previously.
For more information, please visit the Website: ESRWallet.io
Follow us on Telegram.
Subscribe to the newsletter news
We hate SPAM and promise to keep your email address safe