NEW YORK, June 15, 2018 (GLOBE NEWSWIRE) — via NetworkWire — NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Virtual Crypto Technologies Inc. (OTCQB:VRCP), a client of NNW and a technology company dedicated to making cryptocurrencies accessible to the public, specifically by creating payment solutions for businesses and consumers that combine application programming interfaces and mobile applications for implementation across ATMs, PCs, tablets and other mobile devices.
To view the full publication, titled “Crypto Companies Prepare for Inevitable Regulation that Could Be the Sector’s Biggest Boon Yet,” visit: http://nnw.fm/3vaED
NetoBit software and hardware has wide-ranging implications for the industry, spanning multiple applications and device types ranging from ATMs to PCs and mobiles/tablets. The company recently launched its innovative bi-directional NetoBit ATM at the TechCrunch event in Tel Aviv. This debut marks a significant watershed moment for the industry and stands in stark contrast to most other ATMs in existence today because the VRCP machine allows users to instantly buy and sell bitcoins in exchange for their fiat currencies. As the world’s first and only ATM that permits such real-time conversion, the NetoBit ATM is also living proof of VRCP’s underlying AI and machine-learning enhanced technology, which can also perform sophisticated Big Data, multiplatform and predictive analytics tasks.
The explosive growth of bitcoin ATMs in recent years has impressed many in the sector and is currently running at just over eight new installations per day, with most installations (over 75 percent) being in the United States. However, only half of the devices support altcoins, and the space is currently dominated by only three major companies — Genesis Coin, General Bytes and Lamassu. Virtual Crypto’s highly adaptive NetoBit platform appears superbly positioned to capture increasing market share in this environment. Whether it is hardware or software, NetoBit can help businesses adapt to the prevailing regulatory environment, regardless of the country or currency. That same adaptability brings powerful awareness horizons to the table as well, which could easily satisfy the conditionalities likely to be brought in via regulations. Even if legislation changes throughout time, already installed NetoBits can adapt to the new terms.
About Virtual Crypto Technologies Inc.
Virtual Crypto Technologies Inc., through its wholly owned Israeli subsidiary Virtual Crypto Technologies Ltd., has developed the NetoBitTrader, a proprietary, cryptographic algorithmic technology that it is able to confirm in real-time the purchase or sale of virtually any cryptocurrency. Virtual Crypto’s NetoBit products dramatically improve the cryptocurrency trading experience with faster execution and lower costs. Setting a new time-to-transaction standard, trading in seconds rather the industry norm of 20 minutes, allows NetoBit customers to enjoy the best crypto-exchange rate at the point of transaction. The company is marketing its NetoBit Trader software and hardware products for the purchase and sale of cryptocurrencies through ATMs, tablets, PCs and mobile devices. Virtual Crypto Technologies further believes that the ability to immediately confirm cryptocurrency transactions in real-time provides a significant competitive advantage in making the purchase and sale of cryptocurrencies user friendly. For more information, visit the company’s website at www.Virtual-Crypto.com
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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