Image for post
Image for post

eQapital: A Licensed Digital Wallet and Crypto Currency Exchange Platform in the Italian Landscape

(July 10, 2020) — A traditionally conservative Italy has begun opening its doors to the incessant knocking of digitization as senate measures sought to include the terms blockchain, distributed ledger technology, smart contracts, and other related terms built around cryptocurrencies, thereby aligning the country’s direction according to set EU regulations. Once approved by the Italian Parliament, the Agenzia per l’Italia Digitale is tasked to lay out the technical standards of use to optimize utilization in boosting its economy. Italy together with six other EU states recently declared a unified stance to lead the region in harnessing blockchain technology as their defining catalyst for change.

Understanding the Italian’s Financial Psyche

Italians are known to be incorrigible savers and are not that much to loaning and debt. Yet their growing levels of consumption reflect a decreasing rate of savings balance can often lead to fund mismanagement. It comes as no surprise that only a minority 38% representation of the entire population can support their lifespan with ease. Considering the results of the S&P Global Literacy Survey, Italy lags behind its G7 counterparts when it comes to financial education. Even though their millennials scored weight at par with the middle-age group of developed countries, it reveals that they fare close in general only with developing nations. eQapital CEO Michael Paesani sees this as an opportunity for a massive information campaign to gain back the trust lost on the financial system. He went on to say that the recent financial crisis left many valuable lessons to the Italian savers as they are now more than willing to learn how money works given the readily available information and data the Internet provides given the proper guidance. Pessimism still hounds the many due to the economic downturn that they are seen proceeding cautiously slow and would not tread on unbeaten paths unless they are accompanied by experts in the field. Italians value interrelationships so much that they run to financial advisors whenever there are movements on market trends or if their stakes are affected. It is hard to discount the value of trust and reliance the Italians can have on their financial advisors in the management of their wealth, assets, and funds, that their influence can shape their options and decisions towards a more favorable financial outlook. According to a Deloitte research, majority of investors are now looking into digital solutions as with a majority of clients from the North who are in their 40s and 50s. Millennials, on the other hand, fall in the minority since they are still job hunting and most wealth is in the hands of their elders.

The presence of eQapital.

Reconciling the recognition of regulators on the impending arrival of digitization of major industries on Italian borders with the broadening acceptance of its people towards other financial options, eQapital establishes a vital and viable platform that would put into motion these two factors on a digital level. The eQapital Exchange allows B2C, B2B, traders, etc. to carry out crypto-to-crypto, crypto-to-fiat, and fiat-to-crypto trading operations, especially with EUR, USD, GBP, and RUB. It also allows for the buying and selling of bitcoins and other cryptocurrencies in a simple, quick, and accessible way. The eQapital Exchange ecosystem has its native token, eKapitalCoin (OU) that increases in value over time as users continue to grow since crypto exchanges are the driving forces within the industry. Utilizing the eQapital Exchange in buying, selling, and trading cryptocurrencies by opening an exchange account and owning a digital wallet puts the client at a great advantage of trading in the market within minutes.

Other quality eQapital advantages include;

1. Superior Security, where the highest grade industry standard on funds security and protection is applied.

2. Its Reliable Architecture includes sophisticated systems for high scalability and maximum service availability.

3. Its Instant Order Execution applies state-of-the-art technology for a split-second order execution.

4. Its Fiat Wallet Support allows deposit and withdrawal integration through EU and US-regulated banks.

5. It has a 24/7 Support for automated processing and dedicated round-the-clock customer assistance.

6. It has Multiple Funding Options such as Visa, Mastercard, SWIFT and SEPA Bank transfers, AdvCash, cryptocurrencies.

Paesani cited a use case scenario where the Italian Red Cross recently raised funds to cover coronavirus missions using a cryptocurrency platform. It generated $32,000 in less than a month and incurred a measly 0.55% in fees. It goes to show the promising leverage cryptocurrencies and its underlying blockchain technology can provide as a faster, cheaper, and secure means of exchange.

The eQapital Exchange is headquartered at Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2–1201,10119, Estonia.

Please visit https://eqapitalbanq.com/ for more information and financial advice.

Your fiat and digital asset custodian. Bridging the gap between Banking and Blockchain.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store