Virtual Crypto Technologies (OTCQB: VRCP), a technology company devoted to making cryptocurrencies accessible to the public, this morning announced the launch of Bit4Sure, a proprietary cryptocurrency transaction confirmation solution via an Application Programming Interface (“API”) for business as well as a mobile application for consumers that delivers zero confirmation transaction services. The user-friendly app is available for download at Google Play and the Apple Store.
Typically, cryptocurrency transactions take at least 10 minutes for the blockchain to confirm that the transaction is valid, making cryptocurrency impractical for most daily commerce interactions. Virtual Crypto has developed the Bit4Sure API solution to minimize the time from when a transaction is published on the bitcoin network to the instant it joins the blockchain. In addition to access to Virtual Crypto’s proprietary algorithm model, the Bit4Sure API also enables subscribers to monitor the trading market of any cryptocurrency, which shields subscribers from delay, double-spending and fraud.
“This launch is yet another step in our objective of building consumer confidence in the cryptocurrency marketplace,” Alon Dayan, co-founder and CEO of Virtual Crypto, stated in the news release. “Bit4Sure speeds up the trading process and removes much of the risk associated with autonomous transactions, providing tremendous values to businesses working to establish a presence in this burgeoning industry.”
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About Virtual Crypto Technologies Inc.
Virtual Crypto Technologies Inc., through its wholly owned Israeli subsidiary Virtual Crypto Technologies Ltd., has developed the NetoBitTrader, a proprietary, cryptographic algorithmic technology that it is able to confirm in real-time the purchase or sale of virtually any cryptocurrency. Virtual Crypto’s NetoBit products dramatically improve the cryptocurrency trading experience with faster execution and lower costs. Setting a new time-to-transaction standard, trading in seconds rather the industry norm of 20 minutes, allows NetoBit customers to enjoy the best crypto-exchange rate at the point of transaction. The company is marketing its NetoBit Trader software and hardware products for the purchase and sale of cryptocurrencies through ATMs, tablets, PCs and mobile devices. Virtual Crypto Technologies further believes that the ability to immediately confirm cryptocurrency transactions in real-time provides a significant competitive advantage in making the purchase and sale of cryptocurrencies user friendly. For more information, visit the company’s website at www.virtual-crypto.com.
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