According To Qvolta Website
Qvolta P2P cryptocurrency-fiat exchanged platform that allows users to quickly and easily convert cryptocurrencies into the fiat currencies, and vice versa.
Qvolta as direct response to huge market problem that exist in the global cryptocurrencies market. In the majority of countries around the world individuals are not able to quickly and conveniently convert cryptocurrencies into fiat money. While some exchange platforms are available, most lack the scale and offer unsophisticated tech solution, that lack security and are challenging and complicated to use. In contrast, Qvolta will provide individuals a reliable and convenient platform to quickly buy or sell cryptocurrencies with help of the most popular payment methods for the fiat currencies available in the country of his/her residence. Initially two cryptocurrencies will be available for the exchange – Bitcoin and Ethereum, with later envisioned addition of Monero and other altcoins.
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Problems in Qvolta
Burdensome and time-consuming process: Fast addition of fiat currencies to exchanges is extremely challenging due to the difculties in connecting merchant accounts to enable acceptance of the major payment systems. Furthermore, it takes on average a full day to transfer funds from a user’s bank account into to the exchange platform account; making instant trades challenging.
The requirement to participate in trades: In order to be able to buy cryptocurrencies, user has to participate in trades without the ability to quickly make the purchase at fixed price and in one click only.
High costs: Cryptocurrency wallets that ofer the options of cryptocurrencies purchase overcharge the users, with high commissions and added fees.
- Sell cryptocurrencies for fiat currencies using their preferred local payment methods.
- Buy cryptocurrencies for fiat currencies using their preferred local payment methods.
- Take advantage of the guarantor services to protect the transactions and secure the trades.
Qvolta solution will enable these people to complete the transaction within 5-10 minutes – making it the most time-efcient and convenient exchange platform to date. Guarantor services will be provided to secure the transactions; and user accounts will be protected with proprietary anti-fraud system.
Cryptocurrency market value & growth
Qvolta while the markets have long been sceptical about the growth of cryptocurrencies due to lack of regulation and security concerns, 2017 has proven to be a year that clearly shows cryptocurrencies will a crucial part of the future. Since early 2016, the total cryptocurrency market capitalisation has increased more than 3x, reaching nearly $27 billion in April 2017. As of July 2017, total capitalization of cryptocurrencies has increased to over $100M, posting an unprecedented increase.
Perfect investment momentum
Improved security and technology: The security of Bitcoin has now been proven by eight years with no downtime and no breaches of the public open source codebase. Qvolta furthermore, an additional driver of this latest growth in the crypto space can be explained by the increase in smart contract awareness and anonymous block chain technologies, with more and more sophisticated solutions emerging in the market.
Changing regulation: Once being a key obstacle, regulation today is increasingly becoming a positive force for cryptocurrencies growth. Japanese government has recently formally recognized the Bitcoin in April, giving it greater legitimacy in Asia’s richest major economy. Other countries are expected to follow shortly, with a steady growth of international money-transfer services that use Bitcoin daily.
Relatively low competition: While the potential of the market has long been recognized, it has been not until 2017 when the growth of cryptocurrencies has exploded. Given the currently large capitalization of the market and huge volume there is a growing number of services and startups trying to tap into the newly emerged market opportunity. However, even with increasing interest in the sector the number of players is still relatively low, with significant room existing for new entrants.
Qvolta are a number of direct and indirect competitors globally. In a broader sense, will be competing with multiple companies worldwide that are ofering services related to exchange of cryptocurrencies, either to other currencies or into cash. These include traditional exchanges like Bitstamp, BTC-e, Bitfinex, Kraken etc. that difer from P2P solutions as your funds are on hold until the sell or buy order is executed. In a narrower sense, competitors will be represented by the P2P cryptocurrencies exchange platforms that currently exist on the market. The key distinction between the traditional exchange is the business and operations framework, where P2P platforms do not hold the user funds and instead just match the buyers and sellers; also providing much demanded privacy for the transactions.
Qvolta key focus will be on continuous investment in product development and platform improvement in order to make sure technology retains its technological lead in the market. Plan to add multiple additional functionalities and features as move forward, as well as focus on excellent customer service to distinguish from the rivals such as Local Bitcoins. Geography wise, plan to launch the product in European Union, USA and Russia at first year, later in second year expand to the key customer markets of Latin America, then to Asia, Australia, other world at third year. Vision and go-to-market strategy is illustrated in the graph below.
- Qvolta securing all necessary government permits and licenses for the cryptocurrencies exchange in those countries, where the sector is regulated by the law.
- Focusing on driving strong user growth, targeting both those users that are already familiar with P2P cryptocurrencies exchanges as well as those that have just shown interest in the sector.
- Achieving at least 50% market share in the P2P exchange sector; growing into the first platform of choice for both individual users as well as businesses.
- Investing heavily in product development ensuring the best tech platform in industry.
- Expanding the business globally, to ensure presence and strong brand awareness in each key region of the world.
Qvolta wall and security
- Qvolta Wall is a security of your account. It means that you will receive a notification when you sign into your account, information from which device and from which address was made a previous sign-in.
- Qvolta Security is an app that gives you a personal and unique code each time you entering to the platform and trying to make operations on the platform.
Structure of financing
- Technical development-30%
- Legal service-15%
- Administration of the project-5%
Benefits of Qvolta
- Keep your money in stable crypto.
- Transfers are made instantly.
- Send money without commission anywhere in the world.
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