📊Makret Overiew & VirPay Features

While the core idea of crypto payment gateway is not a new concept within Web3, technological advancements coupled with the solutions to the most acute issues put VirPay far ahead of its potential rivals in the market. Moreover, having thoroughly analyzed some of the key players already present in the field allowed us to improve upon those inefficiencies that we observed.

Custodial Solution for Fund Control: Unlike many competitors, VirPay offers a custodial approach to crypto payment management. This empowers partner businesses with full control over their funds, ensuring enhanced security and autonomy in managing their cryptocurrency transactions. Auto Crypto Conversion for Risk Mitigation: VirPay's auto crypto conversion function stands out by allowing businesses to receive and store operational proceeds in any supported cryptocurrency. This capability significantly reduces the risk of price fluctuations, providing greater stability and flexibility in managing different digital assets.

Efficient Recurring Payments: VirPay's standout feature includes a robust recurring payments system. Businesses and their clients save valuable time and resources by streamlining the management of subscription-based services. With a one-time approval, recurring payments become hassle-free, ensuring timely and uninterrupted service provision.

Simplified Onboarding Process: VirPay boasts a straightforward onboarding process, contrasting with competitors' lengthy and exhaustive procedures. The quick form and rapid application processing enable businesses to integrate the crypto gateway swiftly, avoiding unnecessary delays.

On-ramp / Off-ramp service: VirPay's on-ramp/off-ramp service provides businesses with a seamless gateway to convert fiat currency into cryptocurrencies and vice versa. This feature allows for smooth transitions between traditional fiat and digital assets, while adding flexibility. The service provided by VirPay ensures adherence to regulatory requirements and compliance standards associated with converting fiat to crypto and vice versa.

Dedicated Account Manager and Technical Support: Every business partnering with VirPay receives a designated account manager for swift query resolution. Furthermore, the technical support team is readily available to address any technical inquiries promptly, ensuring a seamless experience for businesses. NFC payments: While the current state of crypto adoption requires the users to be just a notch more tech savvy, this can be viewed as an issue and had been addressed previously by many developers and various protocols. We believe that Web3 should not be synonymous with inconvenience, especially if we, as the industry are willing to onboard the next 1 billion users tomorrow. The same logic applies to cryptocurrency payments, the backbone to any business operations, but now made simpler and more convenient for crypto users. Using VirPay, retail users have the ability to issue a virtual debit card directly from the app and add it to one’s mobile device’s wallet, both Android and iOS. Additionally, users have the ability to choose the preferred cryptocurrency from the list of supported assets, so not limiting to the stablecoins. This in turn allows one to pay at over 100+ million merchants all over the globe using NFC-enabled mobile payments, thus opening new horizons to the use of crypto assets as a payment solution. Businesses that receive such transactions are not bound to accept cryptocurrencies, as the conversion happens on-the-go, hence providing businesses with a regular fiat payment. This is additionally useful since crypto to fiat conversion happens directly, not only saving the time, but also providing the best possible exchange rate from any cryptocurrency to any local fiat. All-in-all, NFC payments with VirPay take the use of cryptocurrencies as a payment method to a whole new level of convenience and practicality. Moreover, our team is reviewing the possibility of issuing physical cards if we receive high enough demand for such addition too. Buy Now Pay Later (BNPL) service: As the name suggests, this allows users to pay for a good or a service using VirPay native application, while re-paying at a later date. While the way it works is quite simple and in fact abundant in traditional banking, it receives a special treatment when in comes to cryptocurrencies. Using the BNPL service, one is able to use a highly sought-after asset, such as Bitcoin, as a collateral. While the collateral gets locked-in, the user receives a portion of the value in stablecoins, having the ability to choose the terms of the service first and use the received funds. In turn, when the user repays the borrowed amount of stablecoins back, the collateral is freed-up. While this may seem questionable at first glance, the idea is that users receive purchasing power without having to spend their precious crypto assets that they might want to save for later appreciation. In fact, if the asset appreciates in price during the term of the BNPL contract, it is likely to cover for any fees associated with the service, thus making it extremely resourceful to the users. While this service is not a necessity, but rather a quality-of-life feature, we believe it could facilitate a lot of important and/or urgent spendings, without compromising the collateralized asset, hence providing immense benefit to its users. Additionally, this could further be enhanced by the use of $VRP tokens, making the terms even more favorable to the end-user and providing additional utility to the native token.

Native Token Integration: VirPay offers the unique capability to integrate a business's native token into the payment gateway services. This feature caters to businesses aiming to promote their brand within the Web3 space, fostering customization and token-based promotional strategies.

Finally, our utility token - VRP: the high-octane fuel of VirPay's ecosystem that not only makes it run faster, but also brings a smoother experience to both B2B and B2C users. Let's discover it in more details!