- Virtual Crypto Technologies signs agreement with first commercial customer
- Company’s NetoBit Pay allows instantaneous cryptocurrency payments
- Israel-based Lincoln Billiards believes that cryptocurrency payments will give it an edge in entertainment industry
Virtual Crypto Technologies Inc. (OTCQB: VRCP), a company established to bring cryptocurrency transactions into the mainstream, has signed a deal that will allow Lincoln Billiards, Israel’s leading billiards club, to accept payments in bitcoin and other cryptocurrencies (http://nnw.fm/Ah6r3). This is the first commercial contract for Virtual Crypto, whose goal is to make cryptocurrencies more available to the public by combining application programming interfaces (API) and mobile applications to develop payment solutions that can be used in ATMs, PCs, tablets and other handheld devices.
Cryptocurrency transactions typically take from 10 minutes to 24 hours to confirm, which is a major drawback for consumers who want to use them in mainstream sales operations, since exchange rates will change over the course of a long transaction period. With Virtual Crypto’s proprietary NetoBit Pay technology, users can complete their cryptocurrency deals without waiting for the…
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