- Virtual Crypto offers the world’s first and only ATM that enables real-time bitcoin conversion, purchase and sale
- Company’s solutions solve various cryptocurrency usage problems, including the problematic time gap that exists between crypto transactions and blockchain confirmation
- Company’s solutions utilize artificial intelligence and cryptographic algorithmic technology to create a new standard of speed and accuracy
While cryptocurrencies continue to garner focus in the financial world, there is undeniably much room for improvement when it comes to cryptocurrency-related technology, including solutions for transacting, security and usability. The cryptocurrency frontier is, therefore, rich with opportunities for fintech pioneers like Virtual Crypto Technologies Inc. (OTCQB: VRCP).
The mission of Virtual Crypto is to make instant, secure and user-friendly cryptocurrency financial services available to every person and business in the world. The company aims to do this by creating payment solutions that combine application programming interfaces (APIs) and mobile applications for implementation across ATMs, PCs, tablets and other mobile devices. The company continues moving steadily toward its goal of making cryptocurrencies accessible and user-friendly for the general public.
Virtual Crypto’s products dramatically improve the overall cryptocurrency usage experience for individuals and businesses, from crypto trading to crypto commerce. The company’s disruptive offerings include NetoBit, which is a real-time cryptography-based algorithmic cryptocurrency transaction validation engine. The company’s suite of products utilizing NetoBit technology include NetoBit ATM and NetoBit Pay.
In June, Virtual Crypto announced the launch of NetoBit ATM, a cutting-edge bitcoin automated teller machine (http://nnw.fm/5h6Qm). Unlike most of the bitcoin ATM platforms currently on the market, which only allow users to purchase bitcoin, NetoBit ATM is a bidirectional platform that enables users to both buy and sell bitcoin. NetoBit ATM is also the only ATM in existence that facilitates real-time bitcoin conversion, including purchase and sale. The product already supports most common currencies and is available for purchase worldwide.
The launch of NetoBit ATM came on the heels of Virtual Crypto’s April 2018 introduction of its first product in the NetoBit portfolio, NetoBit Pay. NetoBit Pay is a retail point-of-sale device that allows businesses throughout the world to securely receive bitcoin payments in real time while also providing protection against exchange rate instability and guaranteeing transactions valued up to $3,000.
Virtual Crypto’s cryptocurrency transaction confirmation API, launched in May 2018, is called Bit4Sure. This cryptocurrency transaction confirmation solution includes a mobile app, and it resolves a key problem faced by cryptocurrency users – the time gap that exists between making a crypto transaction and receiving confirmation that the transaction was valid.
A traditional bitcoin transaction can take between 10 minutes and 24 hours to be fully confirmed. This wait period, coupled with the uncertainty that enshrouds any cryptocurrency trade’s legitimacy, currently makes it impractical to use cryptocurrency in ordinary commerce settings, prompting both consumers and businesses to continue using traditional payment methods. However, with Virtual Crypto’s game-changing solutions, this is set to change.
Virtual Crypto’s validation algorithm predicts, with a high degree of accuracy, whether a bitcoin trade will be confirmed by the bitcoin network, enabling immediate validation of bitcoin transactions. This is a huge factor in making cryptocurrency usage not only pleasant but practical.
An added issue that Virtual Crypto is resolving for cryptocurrency users is restrictive exclusivity. Most cryptocurrency trade providers allow a customer to interact with one exchange agency only, tying the customer to the exchange rate offered by that agency. In contrast, Virtual Crypto enables customers to work with several crypto exchanges simultaneously when making a transaction, allowing them to receive the best crypto exchange rates available at the time of transaction.
Leading the charge in cryptocurrency technology breakthroughs, Virtual Crypto is poised to become a standout market leader.
For more information, visit the company’s website at www.Virtual-Crypto.com
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