Cryptocurrency is a virtual currency that offers an alternative to traditional banking systems. It allows for easy and secure worldwide transactions, enhancing transparency, efficiency, and accessibility. With cryptocurrencies, individuals can send and receive digital assets from anywhere, 24/7, using only a smartphone.

Both cryptocurrencies and fiat money can be used for payments and act as stores of value. However, the key distinction lies in the fact that cryptocurrencies do not require government backing, while fiat currencies rely on it.

The digital assets ecosystem encompasses the use of smart contracts on blockchains and distributed ledger technologies (DLT) to store and manage values. It is revolutionizing transactions and attracting attention from new well-funded players, including decentralized finance (DeFi) providers. As the demand for digital asset services grows, financial service providers must adapt to new forms of value transfer, such as tokens, central bank digital currencies (CBDCs), stablecoins, and cryptocurrencies like Bitcoin.

Web3, often referred to as the Internet of Value, represents the next phase in the evolution of the internet. While Web 2.0 allowed for the exchange of information, Web3 enables the exchange of value directly between users, reducing reliance on intermediaries.

Cryptocurrency is a digital form of money that operates independently of banks or financial institutions. Transactions are verified and recorded on a blockchain, an immutable ledger that tracks and records asset transfers.

Blockchain technology utilizes consensus, cryptography, and decentralization principles to ensure inherent security. The interconnected blocks in a blockchain make it highly resistant to tampering and manipulation.

A cryptocurrency wallet address is a unique identifier composed of a combination of letters and numbers. It serves as a virtual location where cryptocurrency can be sent, similar to an email address within the crypto ecosystem.

A cryptocurrency network protocol is the underlying code that governs how a particular blockchain operates. It functions as a set of rules that facilitate communication and information transmission within the network. Just as the internet relies on protocols like HTTP and HTTPS, cryptocurrencies have their own distinct protocols that ensure security and enable access to the blockchain.

No, it is not possible to retrieve your crypto if it is sent to the wrong address. Always double-check the address and network protocol before initiating transactions, as cryptocurrency transactions are irreversible.

SEPA Instant is a bank transfer technology that enables near-instantaneous processing of euro transactions, regardless of the day or time. Unlike traditional batch processing, SEPA Instant payments are handled on a transaction level, leveraging Open Banking to facilitate real-time clearing and settlement.

UK Faster Payments revolutionizes bank transfers by completing transactions within seconds, replacing the typical three-day processing period. This service is available 24/7, enabling fast and efficient transfers between UK banks and financial institutions.

Automated KYC/AML Verification employs advanced technology and software solutions to streamline the KYC/AML process. By automating tasks such as identity verification, risk assessment, and ongoing monitoring, businesses can enhance compliance efficiency, accuracy, and customer experience while reducing resources and minimizing human errors.

Crescendo Capital is a licensed Virtual Asset Service Provider (VASP) registered in the Czech Republic. We offer the simplest way for customers in the EEA to buy and sell cryptocurrencies, providing instant services for crypto purchases.

Crescendo Capital is currently licensed in the Czech Republic to provide cryptocurrency services in EEA countries.

Crescendo Capital's services are currently available in all EEA countries.