Cryptosmart, the fintech platform to buy and sell cryptocurrencies and digital wallets, has been established. In the incorporation, the startup was assisted by Lexia Avvocati. Cryptosmart is the first all-Italian cryptocurrency exchange (shareholders, company headquarters, legislature, and deposit account with an Italian bank) that intends to become a major player in the sector.
The company was founded in Perugia by Alessandro Ronchi, Claudio Baldassarri and Alessandro Frizzoni. In addition to allowing its users to buy, sell and deposit cryptocurrencies, it is launching the services of receiving payments in cryptocurrencies for companies with e-commerce platforms, the service of payment in cryptocurrencies for the purchase of products and services of the most important brands, the staking of cryptocurrencies and further services dedicated to Italian companies that intend to use cryptocurrencies in their operations.
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There are several services available on the platform, including exchange, payments, and digital wallets
Alessandro Ronchi, co-founder of Cryptosmart, said: “Unlike other players in the industry, our project is 100% Italian with the aim of operating in a transparent way and in compliance with the regulations, able to answer with precision and simplicity to the questions of all those people attracted by cryptocurrencies as a possible investment or use as a form of payment in everyday life.”
There are several services available on the platform, including exchange, payments, and digital wallets. Account opening and wallet management are free and commissions on transactions (i.e. for buying, selling, or conversions) range from a maximum of 0.20% to a minimum of 0% (for more than $2.3 million (€2 million) of transaction value).
Cryptocurrencies and digital assets such as Bitcoin, Ethereum, Dogecoin, Cardano, Polkadot, and Litecoin can be purchased with a wire transfer and the customer can also move crypto Smart cryptocurrencies already in their possession to another platform or account. In addition, deposits can be converted into euros or cryptocurrencies and likewise can be withdrawn at any time through a bank transfer or by receiving cryptocurrencies leaving full freedom to the customer on how to be liquidated.
The platform also provides the service of payment in cryptocurrency and digital wallets, replacing money or any other currency, for the operations of receiving or sending payments. It is a service designed not only for consumers but also for companies that can thus give their customers the opportunity to pay through cryptocurrencies. The payment service in digital currencies is easily integrated with the major e-commerce software (Woocommerce, Shopify, Drupal, Magento, Prestashop, Shopware, WordPress) and very quickly, allows companies to receive payment from their customers.
Finally, the company announced that soon it will also be available the “staking” service that allows Crypto Smart users to make their cryptocurrencies available to participate in the proof of stake mechanism used by the blockchain network to validate transactions and register a “new block”, so that users can receive the reward resulting from this activity.
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