The product, which already supports most common currencies, is available for purchase globally. NetoBit solutions, including Netobit ATM, are different from many other solutions in at least three ways. This quick process allows the approval of the crypto transaction within seconds to minutes, rather than between 10 minutes and 24 hours and following a process of six confirmations, as is the case today. This way, Virtual Crypto can create a pleasant and immediate transaction experience, minimizing the risk of fraud, which can occur in the usual lengthy transaction approval processes.
Consequently, NetoBit ATM users can draw cash and transfer money from and to their digital wallets in seconds. Second, cryptocurrency trading platforms usually allow the customer carrying out the transaction to interact with only one crypto exchange, shackling the customer to the exchange rate which that exchange offers.
NetoBit is designed to enable the purchase, sale, and conversions of Bitcoin and other cryptocurrencies in retail points of sale, e-commerce websites and online shops via ATMs, tablets, PCs and mobile devices. The payment is cleared immediately, and the retailer can choose whether to accept the payment in a cryptocurrency such as Bitcoin, or immediately convert it through NetoBit Cash into regular fiat money, which will be transferred into his or her account.
Virtual Crypto Technologies Ltd. Royi Ithzak, and crypto expert Guy Corem. Royi Ithzak, an expert in applied mathematics and big data algorithms, has a wealth of experience in applied research and in the academe in data mining, network analysis and other fields. Guy Corem, who has held positions such as CEO of Spondoolies, a provider of Bitcoin mining equipment, has accumulated vast experience in contributing to the Bitcoin community.
This quick process allows the approval of the crypto transaction within seconds to minutes, rather than between 20 minutes and 24 hours and following a process of six confirmations, as is the case today. Consequently, Virtual Crypto can create a pleasant and immediate transaction experience, minimizing the risk of fraud, which can occur in the usual lengthy transaction approval processes.
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The site also provides a link for users to download NetoBit as well as a contact form allowing potential customers to reach out to management directly. Market Watch — Charts currently provide real-time tracking of the bitcoin market, other currencies may follow. Media Room — Users can view and download relevant content, product brochures and corporate presentations.
About Virtual Crypto Technologies Inc. Setting a new time to transaction standard, trading in seconds rather the industry norm of 20 minutes Because of its speed, customers enjoy the best crypto exchange rate at the point of transaction. The first step will be a pilot ATM deployment, which will ultimately scale up in size and scope. The MOA is the second such expansion announcement for the Company in recent days.
Last week Virtual Crypto released details of its most recent distribution agreement in South Africa. Our vision is for us to build a global network of cryptocurrency ATMs and point of sale solutions which will foster mass adoption. In particular, Mexico is a tourist destination and the addressable market is ripe for daily crypto transactions.
Virtual Crypto will provide their proprietary technology, offering seamless transactions and high-level secure consumer experience by scanning multiple exchanges within seconds. This type of solution will be a welcome option for tourists looking to avoid high exchange rates and fiat conversion. Most importantly, we assessed the market opportunity and are intrigued by the interest in cryptocurrency within the Mexican tourism and gaming sectors.
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