At Gitex 2020, the team of TechX Pakistan discovered VGPAY, a crypto-focused payment gateway. We interacted with their founder/CEO, who gave us walk-through of what their company is, and what they offer. Visit their site for a full view. But for reference, let us give you a brief idea about what a cryptocurrency payment gateway is. It is a decentralized payment platform that enables users to send and receive payments in multiple cryptocurrencies. The aim of it is to create a platform that enhances the payment process by reducing the number of intermediaries involved. It is also intended to increase the regular use of digital coins on a daily basis.
What is VGPAY?
VGPAY is a payment network system integrating online consumption (games, shopping and catering). By taking advantage of blockchain technology efficiently, VGPAY has managed to achieve the transparency, anonymity and immutability of transfer and remittance. In addition, it plays a role as merchants’ “Alipay” to facilitate the circulation and use of cryptocurrencies in practice. Besides, any merchant connecting with VGPAY will be able to receive payment from hundreds of millions of crypto holders globally. Moreover, BTC, ETH and fiat are all accepted by VGPAY for settlement with merchants. (site here)
- Stable: VHKD is always equal to 1 HKD, it is a stablecoin, it is not subject to cryptocurrency market fluctuations.
- Blockchain: VHKD is powered by its own blockchain mainnet using Delegated Proof of Stake (DPoS) technology making it the most secure method of transfer. All transactions can be viewed on the block explorer providing both transparency and anonymity.
- Redeemable: Platform operators can purchase and redeem VHKD with VGPAY at anytime. Users can purchase and redeem VHKD through platform operators and cryptocurrency exchanges.
- Wallet: The VGPAY wallet (decentralized) supports VHKD and other major cryptocurrencies allowing users to send VHKD instantly between each other and to online gaming platforms.