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Virtual Crypto Technologies (OTCQB:VRCP) has announced the launch of Bit4Sure a cryptocurrency transaction confirmation solution. As quoted in the press release: Virtual Crypto specializes in creating payment solutions for businesses and consumers which combine Application Programming Interfaces and Mobile Applications for implementation across ATM’s, PCs, tablets and other mobile devices. Cryptocurrency users typically must wait …
Virtual Crypto Technologies (OTCQB:VRCP) has announced the launch of Bit4Sure a cryptocurrency transaction confirmation solution.
As quoted in the press release:
Virtual Crypto specializes in creating payment solutions for businesses and consumers which combine Application Programming Interfaces and Mobile Applications for implementation across ATM’s, PCs, tablets and other mobile devices.
Cryptocurrency users typically must wait at least 10 minutes after purchasing or selling bitcoin for the blockchain to confirm that a given transaction is valid. This wait period, combined with a degree of uncertainty regarding the legitimacy of any trade, make cryptocurrency impractical for many everyday commerce situations, strengthening the incentive for businesses and consumers to stick to traditional payment methods.
The Virtual Crypto Bit4Sure API solution bridges the time gap from when a transaction is published on the bitcoin network to the moment it joins the blockchain, essentially confirming a transaction before it reaches the blockchain for inclusion in a mined block.
The Bit4Sure API provides subscribers with direct access to Virtual Crypto’s proprietary algorithm model, giving them real-time confirmation of cryptocurrency transactions, as well as the ability to monitor the trading market of any cryptocurrency, protecting subscribers from delay, double-spending and fraud. The Company anticipates the Bit4Sure API will be particularly attractive to crypto exchanges, payment processors, crypto wallets and other direct participants in the industry.
