Blockchain Banking Solution with Superior Security Level
Banking system with e Wallet powered by enterprise Blockchain system that enables cryptocurrencies adoption in daily life.
Blockchain and cryptocurrency technologies are rapidly evolving, framing a completely new financial market powered by decentralization. Numerous types of blockchain networks, consensus algorithms and platforms were tested before the community exposed the way to use cryptocurrency payments for routine transactions. According to Chainalysis, consumers used bitcoin on merchant services for a monthly average of $190.2 million in 2017, compared with just $9.8 million a month in 2013.
The main goal of our client and his project was to create a secure cryptocurrency wallet and blockchain platform, to make cryptocurrencies closer to the end users and merchants across the world. This banking product should be capable of handling both online and PoS payments in a traditional hassle-free way.
The biggest problem was associated with digital asset storage and authorization. Lack of attention to the storage security could lead to irrevocable losses of the huge amounts of assets. To tackle these issues we applied our industry expertise and the security best practices to create crypto banking software that meets high-level safety standards.
Following the client’s vision, Velmie built a blockchain banking solution with iOS, Android, Web platforms support. The convenience for cryptocurrency holders came with over 150 currencies supported by the wallet and seamlessly converted into any fiat currency for instant purchases.