VegaWallet Leads The Mass Adoption Of Real-World Crypto Apps: Bringing Mobile Crypto Payments To The Public With POS
VegaWallet’s public sale started a few days ago, on September 17th. The VGW Token brings various use cases across the platform including instant and zero-fee transfers.
Users will see the first applications launched in the future months as VegaWallet plans to lead the mass adoption of real-world crypto apps.
According to CEO, Tarek Hajri, “VegaWallet aims to be a complete cryptocurrency platform. Our Products and services will cover your journey into cryptocurrency every step of the way. We’ll make it easy to buy and trade, give you a safe place to store it, then provide options for spending it the way you want.”
VegaWallet teamed up with essential healthcare companies including AscellaHealth in order to implement the payments systems where applicable and to build blockchain-based protocols to streamline business practices.
You will be able to find VegaWallet listed on top-rated websites such as ICObench, FoundICO, and NAGA-Trading.
VegaWallet brings real-world apps for crypto payments
The VegaWallet is dubbed as “the complete crypto platform,” and it will support the adoption of crypto, by providing more real-world use cases. The platform will allow business not only to receive crypto payments besides fiat money and credit but also to sell digital assets as well.
The platform aims to bridge the gap between consumers who plan to buy items using crypto and businesses which don’t accept blockchain-based digital assets for the moment.
VegaPay is the VegaWallet app that does this by instantly transferring the authorized amount to its built-in exchange. Then it sends the correct amount of fiat funds to modern payment terminals via Near Field Communication technology.
This process makes paying with Bitcoin or other digital assets more accessible than it was by now. There will be no need for special debit cards or chips.
It’s also important to note that VegaWallet’s platform is a two-phase project.
During the token sale, users will have the ability to use the multi-currency digital asset wallet and the built-in exchange.
These two products are currently in alpha testing, and they should be out and available to the general public shortly.
The second phase delivers a complete point of sale (POS) system that allows businesses to transact using crypto, and it also allows the purchase of crypto using these locations, the same way as a gift card does.
In other words, consumers will be able to have crypto added to each VegaWallet account on check-out. It’s like buying food and at the same time adding crypto tokens to your account.
What’s excellent about VegaWallet is that it also allows users to pay directly with cash.
Businesses will be able to sell crypto straight from a wallet of collected funds, and they can also collect a small commission for selling the funds from VegaWallet’s exchange. It’s a win-win situation all the way.
VegaWallet will introduce VegaPay
VegaPay will be implemented at the end of the second phase of the development.
When this feature is activated, it will verify the transaction and immediately use the VegaWallet exchange to trade the correct amount of crypto in the users’ wallets account to fiat to pay at any locations that don’t accept crypto just yet.
The funds will be sent to the terminal using the Near Field Communications program.
VegaPay will create a one-time use credit card number for entrance via the phone or online.
This number is to be treated like a gift card, and it will be backed to the highest level of security.
VegaPay will be using this code instead of providing a permanent number which will only increase safety and security leading to reduced risks for fraud and hacking attempts related to all of Vega Wallet’s services.
Another great thing is that there will not be required any type of bank verification.
All in all, VegaWallet and its VegaPay will open the gate towards crypto adoption, and it will make sure to offer customers the ultimate crypto experience.
For more information, visit the official website of VegaWallet here.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.