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VISO payment system combines cryptocurrencies and regular payment methods into one ecosystem
What is VISO?
Cryptocurrencies are changing the world, eliminating boundaries for payments between countries. VISO creates an open ecosystem for payments, which is transparent and connected to such traditional means of payment as bank cards. With VISO, cryptocurrency services will become daily payments for an entire country for the first time.
- For buyers. Connect the cryptocurrency to the VISO wallet and obtain contactless payments from your smartphone at
any place that accepts VISA PayWave or MasterCard PayPass within a mere 5 minutes.
- For sellers. POS-infrastructure of SMART-terminals 3 in 1: a banking terminal, a cash desk and a payment terminal, with online reports of all purchases, on any device.
- For investors. A unique mechanism for investment return from token purchases, which is built on the increase in its turnover in the secondary market.
The speed, at which cryptocurrencies have penetrated regular payments, has until today been too slow. The transaction time for cryptocurrencies is not large, yet the ease of their use leaves much to be desired. VISO solves this problem through a special wallet technology and through physical presence of payment terminals at sales locations.
How does VISO work?
VISO is a full cycle payment system, which combines in itself the entire collection of technologies for receiving payments at sales locations, invoices and purchases in traditional currencies, through bank cards and in cryptocurrency. Key elements of the VISO ecosystem will be:
- A network of SMART banking terminals combined with cash desks, which allow you to complete purchases in cash, using regular bank cards and cryptocurrencies
- VISO Card bank cards, which allow you to make payments from the VISO wallet in fiat money as well as cryptocurrencies.
- VISO Wallet, with combines traditional payment methods and the VITO cryptocurrency.
- VISO Exchange for cryptocurrencies, where you will be able to exchange the VITO cryptocurrency for another cryptocurrenty or fiat money.
The VISO system incorporates traditional payment technologies with bank cards and new payment technologies based on cryptocurrencies. The combination of traditional payment methods as well as cryptocurrencies leads to a substantial decrease on costs for participants and a more transparent way of payments. The system permits payments at sales locations as well as online.
VISO Token(VITO)
The VITO tokens are the internal cryptocurrency of the VISO payment system. VITO are created on the Waves platform. The token value is created through its turnover within the payment system. The turnover of VITO is supported by the operation of the VISO payment system. VITO tokens do not give any right to the company's profits, and can VITO holders can only expect a return from a resale of tokens or their exchange to other cryptocurrencies.
Limited token amount: (1 billion VITO tokens)
Initial rate: 0,1 USD for 1 VITO token
Token distribution:
- 80% of the tokens for VITO buyers
- 18% for founders and advisers
- 2% for the bounty company (during Token sale)
Sales of VITO tokens
The profitability of the VISO business model depends on the number of technologies launched. Some of the technologies are too costly to launch prior to collecting enough funds from the Token sale. Depending on the amount of funds generated, different technologies will be launched.
If less than 3.000.000 USD (3 million) is collected during the Token sale, the entire amount shall be refunded.
The token sale will take place in two stages:
- Pre-sale. During the pre-sale, the temporary cryptocurrency Pre VITO* is sold, which will be converted into VITO after the start of the main sale, after which it will be destroyed.
- Main sale. During the sale, the main volume of VITO will be sold.
The Pre VITO tokens are means to attract an early collection of funds for the VISO project. 10.000.000 Pre VITO will be issued, which will be converted into VITO with the coefficient of 1,5. The Escrow does not extend to Pre VITO, their sale will be made directly to the VISO company wallet. This way, the Pre VITO tokens carry a high risk, but also represent a large bonus.
VISO Wallet
The VISO wallet serves as an intermediary payment method, which allows to fix a conversion rate of the cryptocurrency at the time of the sale/purchase at the sales location or at the client's wishes, and to complete payments between members of the system. The VISO wallet gives access to the cryptocurrency exchange. Once created, you can convert other cryptocurrencies into the balance of the VISO wallet, namely BitCoin, Etherium, Waves and other. The wallet balance can be denominated in VITO, USD, Euro and Georgian Lari.
VISO Cards
All VISO cards are linked to the VISO Wallet. The balance can be in Georgian Lari, USD, Euro and VITO. Any VISO card user can set up his preferred currency. VISO cards support the SMART-Balance technology, which permits the automatic conversion of funds from the card or bank account into cryptocurrency and vice versa through a link to the VISO Wallet. You will not have to sell/purchase the cryptocurrency manually, once you have this option enabled. The conversion rules can be set up by the user himself.
The company will issue 4 types of cards:
- VISO Card Light. Plastic card with a balance and turnover within the limits of Anti-Money-Laundering legislation.
- VISO Card Pro. Plastic card linked to a identified account in a Georgian bank without limits on operations.
- VISO Card Virtual. Virtual bank card with limits established by the client.
- VISO Card HCE. Card operating on HCE technology, which permits contactless payments from smartphone with NFC.
The VISO cards will be distributed across the entire globe. Anyone wishing to do so will be able to order the card via post. The VISO cards will be issued according to regulations of worldwide payment systems of VISA and MasterCard.
VISO Exchange
The cryptocurrency exchange is intergrated with the VISO Wallet and permits sale/purchase operations of the VITO cryptocurrency and exchange it into fiat money with a transfer to bank accounts in a Georgian bank, as well as into other cryptocurrencies. The cryptocurrency rate changes automatically according to the current currency rate – the dynamics of sales and purchases of VITO in relation to all currencies.
The VITO cryptocurrency can also be traded on external exchanges, which are not linked to the VISO ecosystem. VISO owners can buy and sell the cryptocurrency to other users, establishing the exchange rate themselves.
VISO Terminals
VISO SMART-terminals represent a new generation of banking terminals. They combine all functions of standard banking terminals, cashiers and also enable the launch of any mobile applications on the Google Android operation system. Every VISO SMART-terminal can be integrated with the accounting system of any entreprise, making it a full-fledged cashier system, where the entire list of purchases is documented. Collecting all devices into one enables a minimisation of costs of any enterprise, but is especially important for small businesses. SMART-terminals are certified by VISA and MasterCard.
Advisers
VISO Team
Geography
The project will be launched in Georgia to begin with. We have chosen this country because of the great opportunities it offers for investment. Minimal level of taxation, world openness and a small size make this country a great choice for an inspiring breakout in the world of cryptocurrencies.
After the success of the project in Georgia we are planning on entering the international market.
Keep up with the trend, join VISO Token Sale!
