- VRCP targets gaming sector for NetoBit Cash this year as study shows that cryptocurrencies are on track to dominate online video gaming
- NetoBit Cash can be used to quickly and securely buy, sell or convert cryptocurrencies for gaming suppliers and other businesses via ATMs, tablets, PCs and mobile devices
- Study: Global cryptocurrency market to reach $6.7 billion by 2025, growing at a CAGR of more than 31 percent from 2017-2025
Virtual Crypto Technologies Inc. (OTCQB: VRCP), through wholly-owned Israeli subsidiary Virtual Crypto Technologies Ltd., has launched NetoBit Cash, a tablet device (http://ibn.fm/6w8SV) enabling video game suppliers and other businesses to securely buy, sell or convert bitcoin and other cryptocurrencies in real time.
VRCP is targeting the online video game market, as cryptocurrencies are positioned to dominate that industry, according to a March 2018 study (http://ibn.fm/F2gFw) by Worldwide Asset eXchange (WAX™). Findings from the survey of 1,000 gamers in the U.S. suggest that there is a pent up demand for cryptocurrency services, with 80 percent interested in using cryptocurrencies for video game transactions.
NetoBit Cash enables gaming suppliers to meet that challenge, permitting users to buy or sell cryptocurrencies quickly, shortening the confirmation and validation timeframe to just seconds, as compared to today’s 20-minute to 24-hour range. This faster execution lowers the risk of fraud while reducing the complexity of the online purchase experience.
The product also searches several crypto exchanges simultaneously for the lowest exchange rate and commission offered, rather than just the customary one. VRCP’s algorithms can locate the ‘best deal’ combination of coin rate and commission at the time of purchase (the most attractive balance of coin rate and commission). This feature, plus confirmation speed, enables the company to offer a guarantee against currency volatility during the trade/exchange approval process of up to $3,000 per trade.
In addition, connecting with multiple exchanges at a given moment means that the VRCP system can divide a single payment across exchanges, allowing purchase of more than a single exchange can provide, thereby addressing common liquidity problems.
Finally, VRCP offers backroom capabilities to manage risk, operate a large number of cryptocurrency points-of-sale, conform to regulations and provide transaction statistical data.
A study by Transparency Market Research projects that the global cryptocurrency market and its related hardware and software will reach $6.7 billion by 2025, growing at a CAGR of greater than 31 percent from 2017-2025 (http://ibn.fm/n6LRO).
For more information, visit the company’s website at www.Virtual-Crypto.com
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