- Virtual Crypto Technologies building a name with ATMs that deal in bi-directional crypto exchanges
- NetoBit platform for ATMs allows rapid verification through predictive application available on Android and iOS
- NetoBit’s flexibility extends to ability to divide transactions between multiple exchanges
Virtual Crypto Technologies Inc. (OTCQB: VRCP) is making it easier for people to finance their needs through virtually deregulated but still-confident peer-to-peer money networks that allow the rapid exchange of bitcoin and cash on a bi-directional ATM platform. The technology company is dedicated to making fintech use by consumers and businesses an efficient, accurate, reliable and virtually instantaneous process utilizing unique algorithms and artificial intelligence technologies on a variety of digital devices.
Virtual Crypto’s NetoBit ATM enables consumers to withdraw cash from their bitcoin accounts and to transfer funds to the accounts without the need for banking institution hurdles and their fees. New press materials, titled “Cryptocurrency and Blockchain Innovators Poised to Reap Rewards as Fintech Reshapes How Money Is Used” (audio: http://ibn.fm/qC3QQ; text: http://ibn.fm/vagLE), highlight how the company is helping to rapidly transform the financial industry by reshaping how money is used at the most basic level.
As the number of ATMs grows, the NetoBit system is becoming a handy way for a mobile society to retain liquidity, and it uniquely offers users the best bang for their buck by comparing the best expected trade outcomes on multiple cryptocurrency exchanges — even if that means dividing a single transaction between multiple exchanges in order to accomplish things.
Bitcoin (Crypto: BTC) and altcoin ATMs are proliferating across North America, with more than 73 percent of the nearly 3,500 reported ATMs worldwide located on the continent (http://ibn.fm/ifST3). That creates more fluid economic opportunities in the Americas, however about two-thirds of those ATMS are “one-way ATMs” that only allow purchases of crypto funds. Virtual Crypto’s platform is among those machine processes that take economic freedom to the next level.
The company’s currency exchange transaction validation (CETV) protocols enable customers to complete cash or fintech coin fund transfers in a matter of minutes, as opposed to the still-cumbersome mining computations that most bitcoin ATMs must wait on to validate the transaction. The CETV’s proprietary API-driven Bit4Sure transaction confirmation solution drastically reduces the 20-minute to 24-hour delay by establishing the probability of a transaction being confirmed by multiple miners even while the verification is taking place, effectively allowing users to confirm a transaction transparently before the blockchain process is completed, and it uses a readily available app that works with Android and iOS to do so (http://ibn.fm/ltumd).
Virtual Crypto is also expanding its horizons by working with other companies that might ultimately serve as clients for its technology. In January, the Delaware company inked an MOU with Israel-based oil refinery relocater Chiron Refineries Ltd. (TASE: CHR), creating a wholly owned subsidiary named Virtual Crypto Technologies Ltd. that will grant Chiron exclusive rights to market the NetoBit technology to casino cashiers, ATM operators, currency exchange offices and coffee shops in the territories of North Cyprus and Turkey (http://ibn.fm/aMeWi). Virtual Crypto is also taking aim at the extensive cryptocurrency usage that takes place within the online video game market, anticipating the possibility of providing services under that industry’s umbrella.
For more information, visit the company’s website at www.Virtual-Crypto.com
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