NEW YORK, June 01, 2018 (GLOBE NEWSWIRE) -- via NetworkWire — NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Virtual Crypto Technologies Inc. (OTCQB:VRCP), a client of NNW and technology company dedicated to making cryptocurrencies accessible to the public, specifically by creating payment solutions for businesses and consumers which combine Application Programming Interfaces and Mobile Applications for implementation across ATMs, PCs, tablets and other mobile devices.
To view the full publication, titled “Enabling Cryptocurrency Transactions Key to Going Mainstream,” visit: http://nnw.fm/5Ew8H
Using proprietary, algorithmic technology to audit bitcoin and its crypto equivalent transactions in real-time, Virtual Crypto Technologies Inc. (OTCQB:VRCP) looks to become an integral player in the global crypto revolution. Breaking down barriers of crypto complexity, Virtual Crypto’s exclusive technological conduit between the three primary pillars of the cryptocurrency ecosystem — exchanges, wallets and payments — allows global access to instant cash exchanges for people, businesses and even machines. The global cryptocurrency ATM market is expected to reach nearly $300 million by 2025, with a CAGR of 45.8 percent, yet only 30 percent of the machines now allow two-way trades.
No less than U.S. Comptroller of the Currency Joseph Otting has stated that cryptocurrency has the potential to go mainstream (http://nnw.fm/XxI9H). To achieve such import, the cryptocurrency market must grow, simplify, then become ubiquitous, much as the internet did. Spendability is a critical feature cryptocurrency must have for industry development; it must attain the ability to access and spend virtual money at merchants and retailers as quickly and easily as regular cash. There must also be a system to manage payments with the inherent ability to handle different payment options, both fiat and cryptocurrencies. Without overcoming these barriers, widespread acceptance is likely to implode.
Resolving the logjam of crypto transactions, which can take from 10 minutes to 24 hours, Virtual Crypto’s transformative trading platform, NetoBit, instantly confirms the purchase or sale of bitcoin and its crypto equivalents. All trades and exchanges are insured up to $3,000 per trade.
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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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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