Crypto payment remittance service Vendit has confirmed its upcoming IEO on ProBit Global, offering VNDT at $0.04 starting on June 30, 2021.
According to a PWC report, 57% of respondents reported feeling unsure or unlikely to respond to the trend. Another 83% asserted that they were at best “moderately familiar” with blockchain technology. The hesitancy or disinclination towards breakthrough technology such as blockchain can significantly restrain the future growth potential of organizations, particularly those in a rapid-fire sector like finance.
While some blockchain projects aim to disrupt traditional payment rails, Vendit takes a more holistic approach by onboarding crypto payment infrastructure through concrete use cases and incentives that ideally complement traditional payment solutions with their digital counterparts.
The digital payment solution establishes convenient intersection points to optimize payment solutions for customers to allow for gradual adoption through steady implementation for both retailers and merchants alike to drive the sector forward. Vendit also shoulders all risks associated with cryptocurrency payments on behalf of merchants and financial entities who can opt to deal solely in fiat and avoid any unwanted technological barriers.
All backend development is exclusively done by Vendit and integrated through a PoS infrastructure that connects all onboarded merchants. The platform has already added ridesharing giant Uber to its supported applications that will enable customers to conveniently pay in a variety of cryptocurrency such as Bitcoin.
Vendit revealed further plans to integrate major social media networks to accommodate cross-platform transactions as part of their one-stop shop app approach.
The platform also detailed their ongoing contract negotiations with several public transportation organizations to enable convenient crypto payments for transit services. Vendit has also secured LOI signed with public financial organizations and expects to convert these agreements into contracts by the end of 2021.
VENDIT tokens are primarily used for transaction gas fees between clearinghouses and will enable token holders to earn cashback rewards in stablecoins pegged at a value of .01 USD. Backed by equivalent USD capital, these stablecoins will feature quarterly audits for enhanced transparency.
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ABOUT VENDIT
Vendit is an actual company with legitimate business usage and intentions rather than just a project. By developing and deploying modern and established financial technologies for usage intended for established financial institutions in third world countries, we gain the ability to promote cryptocurrency and blockchain adoption from inside the current financial industry ecosystem.
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