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VegaWallet - Delivers a seamless experience for crypto payments

September 04, 2018

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An Indian start-up founded in 2010 with a mission to simplify crypto payments for individuals and enterprises, VegaWallet Inc. provides an integrated business model for users around the world.Users can store, send and receive their crypto payments by creating desktop wallet, mobile wallet and reward points which are earned from cards, and shopping tokens, and use them in the form of payment via blockchain technology.VegaWallet blockchain payment solutions facilitate high speed transactions, reduce operational costs and enhance the user experience. It developed an API that enterprises could use for their payments infrastructure.

Introduction

An Indian start-up founded in 2010 with a mission to simplify crypto payments for individuals and enterprises, VegaWallet Inc. provides an integrated business model for users around the world.Users can store, send and receive their crypto payments by creating desktop wallet, mobile wallet and reward points which are earned from cards, and shopping tokens, and use them in the form of payment via blockchain technology.VegaWallet blockchain payment solutions facilitate high speed transactions, reduce operational costs and enhance the user experience. It developed an API that enterprises could use for their payments infrastructure.

Requirement

Our objective is to simplify crypto payments for individuals and enterprises, for users around the world. From this, users have to be strong with your protocols because a large number of users are involved here. So that Each transaction would be recorded, from raw materials to the finished product. Documentation would be created, updated, viewed or verified by users on the blockchain, enabling visibility of the entire crypto transactions. There are various perks that crypto currency users get to experience with it.

Business Challenges

Since huge business transactions are happening through cryptocurrency wallet applications (mobile apps and desktop apps), there is a high risk of security breach. Hence, VegaWallet manages individual risk, security compliance and merchant payouts from the back end.Support the vision to become a revolutionary payment solution by providing a worldwide mileage platform with seamless experience for P2P transactions and merchant payment transactions for any business model.Enhance the confidence of users and business ventures by ensuring secure storage, send and receive via the Vega exchange and conduct trusted cryptocurrency transactions between global users with the public blockchain service.

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Solutions

  • VegaWallet uses BitGo Multi-Signature Implementation to keep user funds safe. Users create an account which generates wallet addresses for currencies such as BTC, LTC, ETH, DASH, VGW, ZEC, XLM, & XRP. VegaWallet believes in user privacy and delivers the users private keys upon account verification.

  • Brugu developed multiple different services within mobile and desktop digital asset wallets. These services range from displaying the latest cryptocurrency related news and tutorials to exchange features and fiat on-ramps. Brugu takes pride in offering a complete comprehensive all-in-one system combined with additional features.

  • Brugu developed applications to support fast transaction processing, enabled with several factors where transactions can be posted quickly. Dash Instant Send allows transactions to be posted within a second.

  • VegaWallet works on the basis of a username. All users have to do is download the mobile application or desktop wallet and login/sign up. Then save your private keys somewhere safe in your account! You can access any of our products including the exchange using the same username and password.

Advantages

The procedure is quick and easy, 100 percent secure, and ultimately less expensive for your company! There are many advantages to using cryptocurrencies, and now is a great moment to start learning about this technology.

Several digital assets (cryptocurrencies) are currently supported by our system, including: Bitcoin (BTC) ,Ethereum (ETH) ,Litecoin (LTC) ,DASH (DASH) ,Token from VegaWallet (VGW).

Each of these assets remains immutable and offers a small variety of benefits over conventional payment methods.

Additionally, cryptocurrency offers rapid payment solutions that let you get your money right away instead of waiting till tomorrow!

Additionally, our platform uses various security levels to guarantee that your money is kept safe. You are also in charge of your "Private Key," which only you have access to and which allows you to transmit money and do other things with your account.

Benefits

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The APIs and all point of sale and payment capabilities have been made public to hopefully increase the mass adoption of cryptocurrency.

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All payment endpoints and integrations will however need to be linked to VegaWallet's backend in order to provide the correct wallet creations and security integrations.

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We will also be developing more advanced features in the near future like inventory control, employee management/payroll, and more in return for VGW Tokens.

Results

VegaWallet’s payment services grew by 185% in 2018 and it is expected to grow further by 300% in 2022. Not only is the business catering to the needs of its clients, it is also scaling its operations and there is no better feeling than this for Brugu.

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Blockchain Development Company | Brugu Software Solutions
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Begin with Brugu Blockchain

Join an already established network. Construct your blockchain solution. Create one in collaboration with our specialists. Collaborate with others to create new opportunities. Wherever you are on your blockchain journey, Brugu Blockchain will meet you there – and help you get there.

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