Virtual Crypto Technologies (OTCQB: VRCP), developer of software and hardware for the purchase and sale of cryptocurrencies, this morning announced the launch of NetoBit Cash, its proprietary tablet device. The NetoBit Cash tablet allows users to securely take payments in Bitcoin and other cryptocurrencies through the company’s platform. Virtual Crypto’s platform, which works in real time, also protects against exchange rate volatility and guarantees transactions up to a value of $3,000. Through distributors and business partners, the company plans to distribute the NetoBit Cash tablet and other products to small and mid-sized businesses across numerous industries. “We established Virtual Crypto to increase the practicality of cryptocurrency across global markets, and the NetoBit series is our first broad-based solution for this billion-dollar industry. Our proprietary blockchain products and services make cryptocurrencies accessible to businesses and users in every industry, and turn dormant assets sitting in users’ digital wallets into funds that function like cash,” Virtual Crypto co-founder and CEO Alon Dayan stated in the news release.
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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 NetoBit Trader, a proprietary, cryptographic algorithmic technology that it is able to confirm in real-time the purchase or sale of any cryptocurrency. Virtual Crypto Technologies Ltd. was co-founded in January 2018 by a team of Israeli entrepreneurs, CEO Alon Dayan, Chief Scientist Dr. Royi Ithzak, and crypto expert Guy Corem. Alon Dayan was previously co-founder and CEO of the wireless communications company Celliboost and cyber company L1-Systems Ltd. Dr. Royi Ithzak, an expert in applied mathematics and big data algorithms, has a wealth of experience in applied research in data mining and network analysis, has developed algorithms for Gett (formerly GetTaxi), Fiverr, among others, and headed R&D teams at AT&T, HP, and Outbrain. Guy Corem, has made extensive contributions to the Bitcoin community, including positions such as CEO of Spondoolies, a provider of Bitcoin mining equipment. 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 crypto-currencies user friendly. For more information, visit the company’s website at www.virtual-crypto.com.
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