FAQ

How was Elitium born?

1 year ago

Elitium was primarily established to solve several problems in the luxury- and blockchain industry. The main challenges which the founders of Elitium recognized are:

  • Lack of integrated solution across different luxury brands
  • Risk of malicious attacks on cryptocurrency holders
  • Limited options for direct conversion between cryptocurrencies and fiat currencies
  • High level of volatility and uncertainty in cryptocurrency prices
  • Inefficiencies of operational processes in (yachting) industry