Cryptocurrency-focused technology company Virtual Crypto Technologies Inc. (OTCQB: VRCP) this morning unveiled the upgraded version of its crypto point-of-sale (“POS”) terminals as well as an updated NetoBit application titled NetoBit Pay. The new double-screen terminal boasts an intuitive display, smart card reader, magnetic stripe reader, camera, barcode scanner and a 58 mm thermal printer, replacing the previous tablet-style hardware. The new platform reflects the ATM process familiar to consumers, allowing them to scan an app-generated QR code rather than requiring an email address or other information in order to execute a transaction. Additionally, the updated application gives operators control of the features offered to their customers by allowing them to enable or disable certain functions directly, such as the ability to withdraw and deposit cash or to simply make payments. Per the update, the company has received positive feedback from its pilot program currently installed and running at the Lincoln Billiards Club. “These new terminals improve the user experience for our operator clients and their customers. The double-screen interface makes communication between the parties seamless, and the built-in capabilities reduce our footprint at the point-of-sale. This is particularly important as counter space is often limited, particularly for retail operations,” Virtual Crypto Technologies 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 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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