Press release: http://www.coindesk.com/press-releases/p2p-exchange-cryptomate-seeks-international-crowdfunding/
What is Cryptomate?
Cryptomate.co.uk is a peer-to-peer cryptocurrency exchange that makes buying and selling crypto simple via instant bank transfers. We use a unique Trusted Vendor system that allows us to match customers with brokers/sellers. This system allows transactions to easily be completed in under 10 minutes. Unlike other exchanges, we do not run any hot/cold wallets or even transmit any cryptocurrency or fiat transactions on our servers - this makes large scale thefts impossible by design. We as a company do not and never will require any bank account, vendors pay us a fee in BTC for facilitating exchanges and those fees get paid out to shareholders according to the amount of shares owned, after expenses.
Who is behind Cryptomate?
The platform was created by a small group of cryptocurrency enthusiasts based in the UK and Switzerland in late 2014 and went public in May 2015. We have already facilitated over £200,000 worth of live trades through our unique system and now we’re looking to expand our service around the globe, with help from localized international partners. We’ve grown from a small group to a well organized team of half a dozen people with a wide range of skills, all development and marketing is done in-house by our team and complete trust is at the core of what we do.
What makes Cryptomate different?
Unlike competitors (such as Localbitcoins) we do not store any customer or vendor coins on our servers, with Cryptomate two parties transact with each other directly. This means we’re truly peer-to-peer in the same spirit that cryptocurrency intended; we provide a simple to use platform for both buyers and sellers in order to facilitate easy exchange. When purchasing small amounts customers can obtain a range of cryptocurrencies within minutes without the typical headaches and challenges associated with buying cryptocurrency.
Why are we looking for investment partners?
Our goal is to spread our unique P2P service around the globe. To do this we’re looking for international partners who can provide seed investment and boots on the ground. We’re looking for people from different nations who would like to open a local Cryptomate service, in return partners will receive regular automated payouts in Bitcoin of the vendors fees generated.
What is the investment process?
Once partners get in touch with us, we will explain in detail how our system works and establish whether our system will work in their local country and send over our investment deck. Once that is done we sign a partnership contract and request 50% of the funding at which point development will begin.
We aim to get every new exchange online within 60 days, once the service is online and fully operational we will request the remaining 50% which will go on a PPC campaign.
If you’re interested in getting involved or have any questions please get in touch via [email protected] or PM me here.
William Thomas
Founder and CEO of Cryptomate