In the next few years, cryptocurrencies will play an increasingly important role in the world economy. Cryptocurrencies as a means of payment have a lot of advantages compared to fiat money, so that cryptocurrencies are scaled around the world more than any other means of payment. According to the Deloitte research which is the leader in the field of consulting and auditing, the capitalization of cryptocurrency market will reach 10% of world GDP by 2022.
Volans team keeps up with the times and builds an integrated payment system for users in an attempt to change old foundations when the trust was built on the name of centralized intermediary structures — the banks. Using the Blockchain technology, the trust is built only on mathematic algorithms.
Our goal is to develop a product that will allow users to pay for goods and services with their cryptocurrency assets. We plan that the Volans will become a universal payment system that gives to users a reliable tool for storing and managing their cryptocurrency assets.
Volans ecosystem is an easy tool to use your cryptocurrency assets. Imagine a process of purchasing goods or services with cryptocurrencies. You need to exchange your cryptocurrency assets on the exchange, pay a commission fee and wait for at least 3 confirmations to ensure that the transaction is reliable. This procedure will take a lot of time and patience.
With the Volans mobile application the process of buying goods, paying bills and services will take a few seconds which is achieved by keeping user`s cryptocurrency assets on the virtual Volans Debit Card. The user will need only to select the cryptocurrency wallet, with which the user wants to pay, and connect the phone with the payment terminal. Selected cryptocurrencies are instantly converted at the current rate without commission fee. The transaction is carried out via contactless payment technology NFC using your device and the payment terminal supporting this technology.
Volans enables users to use their cryptocurrency assets bypassing complicated and expensive exchange processes thereby erasing the distinctions between the usage of digital and fiat money in everyday tasks. Volans introduces simple and available usage of cryptocurrencies in the modern world. It is a very important for beginners and experienced users of digital currency and also makes the concepts of mining and cryptocurrency trading complete.
Thus, Volans solves the problem of isolation of banking services within the country and enables Volans users to feel at home wherever they are.
Because of using the Blockchain technology in the Volans system, the user can keep cryptocurrency assets in cold storage wallet which ensures the highest level of security and anonymity. It is a type of storage which keeps assets directly on the user`s device where neither the Volans system nor any other institution has access to the user`s assets.
Also the user can almost instantly receive credits because all information about the user`s history is stored in an open but anonymous flow, based on the Blockchain technology.
Volans sees the future of cryptocurrencues and users` interaction inside the system in this way.
To sum up, Volans makes it possible to use cryptocurrencies according to their purposes even easier and opens a lot of advantages to users in comparison with the work of banking applications and available financial solutions on the market.
Follow us! Soon we will tell you about the usage of the decentralized approach in the Volans and about the main functional modules of the system. Also you can find more information in our White Paper or on the Volans website.
