Ex-CEO of Visa Takes the Wheel at Crypterium

A former CEO of Visa, Marc O'Brien, has been appointed Chief Executive of Crypterium - a crypto mobile payments solution.

Crypterium to see consumers spend cryptocurrency as they would fiat, the post-ICO startup is building a mobile "Cryptobank" for everyday purchases of fiat-based goods and services - which they believe is "Enabling cryptocurrency to go mainstream."

After completing their ICO in January 2018, Crypterium joins a growing list of payments solutions providers for cryptocurrency - such as Dinero, Monaco, or the LitePay.

With 25 years of experience in the FinTech, RegTech, and Finance industries, O'Brien's first labor as Crypterium CEO will be launching the Crypterium's mobile payments application.

Crypterium's flagship application is intended to instantly convert a user's assets into fiat - making it useful for spending in-store via Point of Sale terminals or QR codes, shopping online, paying bills, or cross-border payments.

To realize this goal, Crypterium will presumably leverage O'Brien's dealings in electronic payments.

Yesterday the best performing coin was Crypterium with 25.16% increase.

"I am delighted to be joining Crypterium at such an exciting time. I strongly believe that cryptocurrency is about to go mainstream and we can be pioneers to build Crypterium into a terrific business".

While Crypterium claims to have engineered a means to nullify rapid price fluctuations, they appear to be keeping it closely-guarded- O'Brien describing it to Business Insider as the company's "Secret sauce".

Whether O'Brien lends Crypterium enough punch to succeed, or fall short, this addition to the blockchain industry sends a clear message about the consistent institutional acceptance of cryptocurrency as a legitimate means of payment.