VegaWallet Launches Public VegaPay Registration
VegaWallet launched our cryptocurrency enabled payments system for public registration today. This service was previously only available for invite-only businesses but has been extended for open public use. VegaPay supports payments for Bitcoin, Dash, Ethereum, and VegaWallet Token Transactions.
VegaPay provides the perfect way to prepare your business for the future. Start accepting cryptocurrency payments to reduce costs and improve customer conversion rates with our full Point of Sale or other business solutions. The system is easy to understand with a designated dashboard panel and simple API driven integrations. Because of this, there is an opportunity to immediately go to market with both physical and e-commerce adaptability.
VegaPay also uses secure HD wallet architecture to protect funds from internal theft or auditing errors. Different account types allow for different functionalities. Companies wishing to offer crypto-payment services to their merchant network can register as a “Super Admin”, while regular companies using this tech for their own networks will register as “Admins”. Each Admin account can then create their own network of “Store” and “Counter” accounts for the ultimate secure approach to using cryptocurrency payments on a larger business scale. These account allocations allow for easy network tracking with advanced security logs, automatic funnel sending, and 2FA protections. VegaPay is scalable on demand and leverages technology to not only keep funds secure at all times but also grow as the network grows.
Funds protection for larger businesses follows our automatic funnel sending approach. All funds collected by store and admin account types can only be forwarded to the admin account in control of their network. The admin account can then choose to keep their assets in the VegaPay system, withdraw to any external system, or leverage one of our partnership integrations.
The VegaPay system can drastically reduce out of pocket transaction costs that currently plague the payments industry. Our cryptocurrency transactions fees are also one of the lowest in the industry when compared with other major players at just 0.2%.
What’s next for VegaPay?
- Cash pickup services and cryptocurrency exchange for companies wishing to use a full alternative to traditional banks
- Proprietary physical point of sale. Accept cryptocurrency payments with a separate handheld device. Just plug it in and go! Full native mobile application integration also coming soon.
- Cryptocurrency card services. Sell crypto at your locations to promote further transactions and customer growth.
- VGW Loyalty program ambitions. We are pledging 25 million tokens for use in our payments network to drive consumer onboarding.
