Optherium creates different products on blockchain for bank and financial organization. I think that soon blockchain technology will be used more often.

Many people do not use ATM at all. They pay by cards in different shops and anywhere and do not have cash at all.

Optherium provides white labels prepaid physical and virtual debit cards for businesses.

Virtually or physically, the cards give an opportunity for the end users to make local and global payments, withdraw money from any ATM in the world legally, fast, safe and in a simple way. Anytime. Anywhere.

IBAN or International Bank Account Number is a number attached to all accounts in the EU. IBAN makes international payments faster, safer and cheaper. Virtual IBAN accounts offer an alternative to traditional bank accounts. They provide more control, full transparency and faster wire transfers. European IBAN can be used to send and receive payments anywhere in the world. Optherium works with IBANs of France, Spain, Greece and Scotland. More information at our official site https://optherium.io/

I agree that there are much more fraud connected with the use of cash then with the use of cryptocurrency. State authorities of many countries try to regulate the cryptocurrency.

I think that the authorities of many countries do not know how to regulate cryptocurrency. What is about fraud - there are a lot of fraud connected with banks cards.

By such way state authorities wants to connect cryptocurrency payments with KYC accounts to control all payments of the users.

But how exactly to do this still now state authorities do not know. That is why in many countries cryptocurrency is not regulated.

One of the products of Optherium is system for passing KYC procedures. So I think that KYC procedures are very obligatory in all the cases.

At almost every step there is a need for KYC, this applies to many industries, enterprises and especially financial transactions.