Crypterium, a London-based startup led by former Visa executive Steven Parker, has burned over 100,000 CRPT tokens. The company’s token is used as fuel for all crypto-fiat transactions available in the Crypterium App, reflecting a volume of about $20 million.

This news follows the launch of the Crypterium Card, the first cryptocurrency card available around the globe. Nearly 4,000 Cards were shipped to 70+ countries in the first week since its launch, the company reported in a press release.

The global crypto card works with Bitcoin, Litecoin, Ethereum, and USD Coin and can be used for both online and in-store purchases or to cash out cryptocurrency in any of the 2 million UnionPay ATMs worldwide. Each top-up operation also includes a CRPT fee for burning.

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