The main goal of the Volans product is to make it possible to pay for goods or services with cryptocurrency anywhere in the world, and also to provide users fast lending and secure storage of their funds, due to the Blockchain technology. Involving new developments and existing technological solutions in the current but underdeveloped financial system will significantly save users` time and money.
Volans provides 5 major financial services in one application. Using our application gives a number of advantages for users compared to existing solutions on the market.
Payment for goods and services
Nowadays, you can`t buy a cup of coffee before work or buy products in the supermarket with cryptocurrency because there are units of the outlets that accept payments in cryptocurrency. If you have fiat money, you can pay for any product or service immediately. But if you have BTC, ETH or any other cryptocurrencies, the purchase will take you up to 3–5 days. First you need to exchange the cryptocurrency for fiat money, and then buy something you want. This process is very complex, risky and expensive.
Using the Volans mobile application, the user can forget about complicated procedures of converting cryptocurrency assets into fiat money. You can easily pay for your purchases directly from the Volans application anywhere. If you have BTC or any other cryptocurrency in your Volans Account, you can pay with it through the application using contactless payment technology NFC or using a Volans Debit / Credit card that can be used in more than 45 million shops around the world. To do this, you need to transfer your cryptocurrency assets from cold storage to the Volans Debit Card or use the Volans Credit Card.
Here is a simple example of using Volans as a tool for making payments. You are going on a trip and you have, for example, 1 BTC on the Volans account which you would like to spend. You want to buy a plane ticket, but the airline does not accept any cryptocurrency. Then, you can easily open a Volans account, transfer BTC to a card and use BTC to pay for your ticket. It will take you only a few minutes. Also, following a similar scenario, you can pay for a meal or hotel with a Volans card and do not worry about transferring or converting.
Only one thing can be added to everything which was stated above, that Volans does not charge a fee for conducting a transaction. This means that all transactions for the payment of goods or services are absolutely commission free.
Convertation into other currencies
If you have some money in, for example, US dollars, then you possess not only money, but value. So, you must be able to easily convert your value in any other currency including crypto. Right now, it’s not so easy as it should be. To convert your fiat money into BTC you have to take it from your bank account and go to another, for example, cryptocurrency exchange and buy BTC. We don’t consider that as a convertation, but rather as a simple buy option.
With Volans you can not only store any kind of money, but also convert them into any currency you want. All in just several clicks!
Fast money transfers
Nowadays, money transfers have a lot of disadvantages. For example, your Telegram message is instantly delivered in every point on the Globe, but the money you send from one country to another can be transferred more than 3 days. Also you will have to pay a high commission fee for the transfer.
Volans provides fast money transfers from customer accounts within the Volans platform. You can send your cryptocurrency from a personal Volans Wallet to anywhere in the world using the Blockchain technology. The user can transfer money with the lowest commission fee, and also choose in which currency the recipient receives money. For example, you send BTC to another country, but the recipient want to receive money in local currency. In this case, you simply send the BTC, and the recipient receives US dollars.
Safe storage
Everyone was wondering about the reliability of storing their funds. First, you can store your funds in a bank account. But you must take into account the fact that your bank might be hit by financial crisis, also bank accounts are easily controlled by the government. Eventually, many banks require payment for opening a bank account and annual bank charges. A bank safety deposit box is much safer than a bank account, because no one except you has access to it. However, you are binded to the place and bank working time. This is very inconvenient and expensive variant. The last variant is to save your money at home. This is the most dangerous way to store money because you risk losing your savings in case of theft, fire, etc.
The Volans introduces a storage method involving the Blockchain technology which is extremely useful for solving the problems described above. The storage of cryptocurrency assets within the Volans platform is concentrated in Volans Wallet. User’s cryptocurrency assets are stored in “cold” storage which means offline storage without connecting to the network in your phone. This method of storage is the most secure because no one except you has any access to your funds.
Getting credits
In order to get a credit from Volans, the user does not need to leave the house and stand in line. The user just needs to provide some basic information about oneself by filling out the form and sending some documents that confirm the information provided. The whole process takes only 20–30 minutes. All information provided by users is stored securely and anonymously in the Blockchain.
Each user who filled the form receives an estimate, according to which the credit limit and the loan rate are calculated. The user need to choose how much he wants to receive from 0.01 BTC to 10 BTC with an individual interest rate within the personal credit limit and in chosen cryptocurrency.
You can find more information about the Volans project in our White Paper or on the website: volans.io.
