NetworkNewsBreaks – Virtual Crypto Technologies Inc.

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NetworkNewsBreaks – Virtual Crypto Technologies Inc. (VRCP) Reveals New Point of Sale Terminals, Updated NetoBit Application

Cryptocurrency-focused technology company Virtual Crypto Technologies Inc. (OTCQB: VRCP) this morning unveiled the upgraded version of its crypto point-of-sale (“POS”) terminals as well as an updated NetoBit application titled NetoBit Pay. The new double-screen terminal boasts an intuitive display, smart card reader, magnetic stripe reader, camera, barcode scanner and a 58 mm thermal printer, replacing the previous tablet-style hardware. The new platform reflects the ATM process familiar to consumers, allowing them to scan an app-generated QR code rather than requiring an email address or other information in order to execute a transaction. Additionally, the updated application gives operators control of the features offered to their customers by allowing them to enable or disable certain functions directly, such as the ability to withdraw and deposit cash or to simply make payments. Per the update, the company has received positive feedback from its pilot program currently installed and running at the Lincoln Billiards Club. “These new terminals improve the user experience for our operator clients and their customers. The double-screen interface makes communication between the parties seamless, and the built-in capabilities reduce our footprint at the point-of-sale. This is particularly important as counter space is often limited, particularly for retail operations,” Virtual Crypto Technologies CEO Alon Dayan stated in the news release.

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