Interview with Steven Parker, Former General Manager of Visa –

Author profile picture

@SergeenkovAndrey Sergeenkov

Cryptocurrency analyst. Founder and editor at

Despite the Covid-19 pandemic unsettling different faces of our lives, this year has been fantastic for cryptocurrencies. It could be argued most institutions finally embraced Bitcoin and other cryptocurrencies, given the number of institutional investors that got into the market. Also, people got to see first-hand why cryptocurrencies could be key for survival, especially when human contact and the use of paper notes were prohibited.

News of global payment giant PayPal enabling its users to buy, sell, and store crypto coins like BTC have buoyed the market. The top cryptocurrency has grown three-fold in value since the start of the year, adding around 220% to its market cap. The entire crypto market capitalization has also tripled, adding over 400 billion to its value.

DeFi has been another phenomenon in 2020. Starting the year at just under $1 billion, the market has added 18x to its value. Yield farming and other exciting innovations by various projects have ensured the space has remained red hot, generating lots of interest.

With crypto on the spot, making these assets easily accessible and spendable has been part of the goal if crypto is to go mainstream. One such company working on this mission is Crypterium. The startup has been on a tear this year, launching 15 new products. 

The company was launched back in 2018, and makes it possible to spend crypto using a payment card. Recently the company launched a price prediction feature powered by AI. The new feature offers users a way to spot potential investment opportunities within the crypto market.

The feature has been integrated on the Crypterium wallet where users can access predictions for 150 crypto assets. To get started one has to subscribe to one of the available three plans i.e., for free, where you will see predictions for a few assets such as ETH, LINK, MKR, OMG, and ZRX. There is a daily plan where you can access all assets for only $2.99, or you can opt for the monthly package and save up 30% on the subscription fee by paying $60. This is the text interview with Steven Parker, the CEO of Crypterium.

Andrey Sergeenkov: What inspired you and your team to introduce the price prediction feature?

Steven Parker: The Price Prediction feature is designed to help crypto investors make viable investment decisions. 

Over the years, we’ve seen many investors rush into bad investment decisions. This feature makes it easy for everyone to understand whether it’s a good time to enter a position or not. 

The daily price predictions are a lifesaver, especially for new traders who may feel like they are missing out on the opportunities the crypto market has to offer. 

They are also crucial for experienced traders as they help save them time, which could have been spent conducting other exhaustive research before placing trades.

Andrey Sergeenkov: What kind of data points does the feature use to come up with its predictions?

Steven Parker: Crypterium Al Price Predictions is a complex 3-module system that collects, analyses, and processes market data. 

Our system gathers and measures market data for 1000+ cryptocurrencies from 8 different exchanges. It processes and examines the data using over 200 factors. With a mix of fundamental and technical indicators, it analyses all events influencing prices.

Finally, a self-learning algorithm prepares predictions for every single coin on the platform. This technology is able to recognize patterns, learn from market data, and increase its accuracy over time. The system identifies the best assets to trade and gives a clear, easy-to-understand prediction on each asset.

Andrey Sergeenkov: What difference does this move make, and how isn’t it likely to affect the market you are based in? Does it put pressure on your competitors to have to come up with similar products of their own?

Steven Parker: Crypterium Price Predictions is a step towards a new era of investing. This feature was developed with the sole purpose of offering clients a simple, yet reliable way to identify attractive investment opportunities in the ever-evolving cryptocurrency market.

Crypterium comes to the development of advanced and innovative functionalities to simplify the processes involved in the digital asset market. 

The first ever AI Price Prediction feature will force competitors to come up with similar products on the market. Fortunately, in business, while it’s easy to copy, it’s much harder to replicate success with a me-too strategy. 

Andrey Sergeenkov: Are there plans to add a bot that makes the investment for the user based on the predictions if the client allows it?

Steven Parker: We have under development an automated crypto bot based on the predictions that allows trade and earn instead of our users. Thus, we will take a commission for each winning trade.

Andrey Sergeenkov: Asset prices can be influenced by news of a hack or scandal within a given project. Does the feature take in such information and use it to make predictions in real-time?

Steven Parker: Crypterium Al Price Predictions is a complex 3-module system that processes and examines the data using over 200 factors. With a mix of fundamental and technical indicators, it analyses all events influencing prices.

Andrey Sergeenkov: Today you support only 150 digital assets; the market has over 8,000 coins listed on CMC. Are there plans to add more assets with time?

Steven Parker: The Price Prediction algorithm is self-learning and it adds new assets independently at any time. Everyday we see how new coins are plugging into the crypto market, most profitable ones are added to our system so users do not need to make additional research. Just find new assets in our app.

Andrey Sergeenkov: How popular could this feature get, and how does it aid Crypterium in its overall goals?

Steven Parker: The most popular and hotly-debated topic, particularly as far as public interest is concerned, remains the price of cryptocurrency and speculating on its value. Currently, cryptocurrency is in a bull market cycle, up over 200% year-to-date and outperforming everything else in 2020, attracting a new audience to the market. 

The addition of the new feature couldn’t be more timely given that many individuals tend to enter the crypto market, especially when it’s on a bull run. High speculation pushes asset prices up, and due to FOMO, many inexperienced people jump in headfirst only to get burnt. 

Crypterium simplifies crypto investing with daily AI-Powered Price Predictions and brings it to a mass audience. It is an excellent way to enhance trading activity by gaining solid knowledge on price action, and therefore increasing chances of entering a winning trade.

Nowadays, Crypterium is a fast-growing company. Both Crypterium and cryptocurrency communities are growing faster than ever before and with the launch of new services and highly-demanded products such as Al Price Predictions, Crypterium can reach new heights and achieve spectacular results.

Andrey Sergeenkov: This year your company launched 15 new products, would you mind telling us more about that?

Steven Parker: In 2020 Crypterium has developed and launched more than 15 different products and services to become the best crypto bank worldwide.

Crypterium Wallet was updated with the new unlimited features and lowered its limits to make the wallet absolutely unique for Crypterium users. We added 14 new tokens, cross pair exchanges, cashout improvements, along with new features such as AI Price Predictions tool, crypto loans, and savings account.

One of the most impressive additions to the Crypterium Wallet is the Crypterium AI Price Prediction that gives an accurate forecast of price movements daily. Artificial intelligence uses computational algorithms to predict prices for over 150 altcoins. After analyzing, the system will advise to buy or sell a coin.

Crypterium offers up to 21% Interest on the best high-yield savings accounts to help customers grow their funds faster than standard accounts. Crypterium gives an opportunity to open new savings accounts with a higher rate of interest without taking too much risk. 

Crypterium gives the opportunity to get a crypto loan directly from your wallet at a 0% annual interest rate with flexible repayment options from 1 to 12 months. Take out as much as half of your assets in BTC or ETH. Reinvest and turn 1 BTC to 1.5 BTC instantly. 

In 2020, Crypterium also launched the first crypto-to-fiat payment card, the new Crypterium Virtual Visa Card, compatible with Apple Pay. 

Crypterium allows first-time users to get plastic and a virtual card to make all contactless purchases with the convenience of using the mobile device. We are also planning to release an update to allow users to integrate their virtual card with Google Pay. 

We have announced our new SDK program to help businesses monetize their audience by providing world-class crypto, banking, and Visa card issuance services. Crypterium SDK program helps businesses to earn from commissions. Moreover, it gives an opportunity to reduce organization, development, and licensing costs.

Andrey Sergeenkov: What would you point out as the chief reason driving the current market bull run?

Steven Parker: Cryptocurrency’s strong increase in value can be attributed to two main factors. 

The first is the wider economic conditions of Covid-19, lockdowns, restrictions on business activity and unprecedented levels of central bank financial stimulus to help support companies and keep people employed.

Under such conditions, savers and investors search for safe havens as inflationary hedges. Bitcoin, often described as ‘digital gold’,  is known as a natural diversification tool in investment portfolios, due to its separation from mainstream financial markets and fiat currencies. 

The second factor is Bitcoin’s latest halving, which took place on 11th May last year. Its previous halving was followed shortly after by the crypto’s historic bull run which saw its value increase.

Andrey Sergeenkov: Finally, we know you recently launched a high yield savings account that would offer 21% interest annually. Does it apply to all tokens supported on your platform or only CRPT tokens? 

Steven Parker: Crypterium offers five instruments to open a crypto account, including BTC, ETH, USDT, TON, and CRPT. The maximum annual interest depends on the type of asset you choose. For instance, you can consider a BTC deposit or a USDT deposit to boost your investment yield, as with their insane demand and somewhat restricted supply, these stablecoins promise the biggest interest rate at the crypto market.  

For new users, Crypterium offers the most lucrative rate on CRPT deposits (the platform’s proprietary token) – you can get 21% annually, which is an unprecedentedly generous measure, not to be found with other platforms.

Andrey Sergeenkov: What else should users know about the product?

Steven Parker: The predictions are seamlessly integrated with the Crypterium wallet that is easily accessible by login into the wallet and heading to the market section. Once there, you will find a list of all coins present according to the plan you choose, and by clicking on a given asset, you will see the prediction rate for the past one month, a sell or buy signal with a percentage signal strength, and results of the previous day prediction.

It covers over 150 digital assets daily with a compressive report on why a given asset is likely to move in the predicted direction. All one needs to access the feature is to sign up on the digital wallet and select a plan. 

The predictions come in three plans; the free plan, where you can access only a few assets such as ETH, OMG, LINK, MKR, and ZRX. Then there is the daily plan where you get to access predictions for all the 150 digital assets for only $2.99, or you can opt to pay $60 per month and get a 30% discount.


Join Hacker Noon

Create your free account to unlock your custom reading experience.


READ  Opus (OPT) Hits Market Cap of $626,593.00 - Mayfield Recorder


Please enter your comment!
Please enter your name here