Verto Exchange Token Press Release
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Verto Exchange Token
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First Class Token Platform ‘Verto’ Launches ‘Verto Token’
Premier Token Platform ‘Verto Exchange Token’ announces the launch of the Verto Token and upcoming Initial Coin Offering (ICO).
Blockchain technology has the capacity to completely overhaul the financial landscape in how transactions are created, processed, executed and monitored. Its use of a distributed ledger ultimately trims majority of the excess “fat” associated with the banking system as we know it. The Verto Exchange Token was designed on the Ethereum Platform, which uses blockchain technology, in order to provide users with a fast and cost-effective way to transfer funds across the globe.
The Verto Exchange Platform is easy to use; though it uses blockchain technology to function, it does not require the end user to understand the concept. The transaction process begins when a user logs into their Verto account, which is linked to their traditional bank account. The user than transfers funds from their traditional bank account to their Verto account. The funds are then transferred to their destination Verto account using the built-in exchange functionality. Before the funds can be deposited into the destination Verto account, however, the transaction must be verified on the blockchain.
The Verto Platform’s built-in exchange function works as follows:
FIAT funds are transferred to a user’s Verto account and held within the account in the sender’s FIAT currency. This is possible through the use of existing bank APIs as they allow the application to connect directly to the existing banking infrastructure.
The transaction is requested on the blockchain and the POS system – the block is recorded on the blockchain
Funds are then deducted from the Verto destination accounts back to user accounts in the destination FIAT currency.
The transfer of funds across borders using the Verto platform occurs in a matter of minutes and thus drastically reduces the delay experienced by the end user when using traditional exchange/transfer methods. To ensure the accuracy of every transaction, the Verto team may choose to implement an artificial delay which would allow the sender the opportunity to cancel a transaction if an error is made.
For more inquiries, visit www.vertotoken.com or send a mail at [email protected]