One of the promises of crypto and its underlying Blockchain technology is the ability to transform the use and exchange of real-world assets (RWAs). Since their inception, early digital asset pioneers and visionaries have long set their sights on revolutionizing the storage, and circulation of physical goods through tokenization. So far, the most successful execution of this concept has been the creation and use of stable-coins: digital assets pegged on a 1:1 basis with a fiat currency. Going forward, we aim to extend this functionality to other financial instruments, as well as collectibles, art, and even real estate.
Tokenized RWAs are digital representations of existing goods or value. Unlike BTC or ETH, which are discovered through network functions on their respective blockchains, Tokenized RWAs help bridge traditional or tangible assets for digital exchange. These relationships can exist on a one-to-one basis, such as stable-coins, or through the fractionalization of larger assets into Tokenized shares.
In addition to physical goods, Tokenized RWAs can also help digitize intangible financial instruments such as bonds and debt. While these value representations themselves only exist on paper or databases, tokenization can help ease their transfer, and circumvent costly third-party fees. For champions of expanding access to financial markets, such a practice could help put historically exclusionary markets within reach for a greater swath of the global population
One of the promises of crypto and its underlying Blockchain technology is the ability to transform the use and exchange of real-world assets (RWAs). Since their inception, early digital asset pioneers and visionaries have long set their sights on revolutionizing the storage, and circulation of physical goods through tokenization. So far, the most successful execution of this concept has been the creation and use of stable-coins: digital assets pegged on a 1:1 basis with a fiat currency. Going forward, we aim to extend this functionality to other financial instruments, as well as collectibles, art, and even real estate.
Tokenized RWAs are digital representations of existing goods or value. Unlike BTC or ETH, which are discovered through network functions on their respective blockchains, Tokenized RWAs help bridge traditional or tangible assets for digital exchange. These relationships can exist on a one-to-one basis, such as stable-coins, or through the fractionalization of larger assets into Tokenized shares.
In addition to physical goods, Tokenized RWAs can also help digitize intangible financial instruments such as bonds and debt. While these value representations themselves only exist on paper or databases, tokenization can help ease their transfer, and circumvent costly third-party fees. For champions of expanding access to financial markets, such a practice could help put historically exclusionary markets within reach for a greater swath of the global population
VeqtaSquare offers Crypto Credit and Debit card technology, that works exceptionally in today's growing digital payment infrastructure Market. Crypto debit cards share some similarities to prepaid credit cards. Where both can be linked to a crypto wallet, prepaid cards are loaded with a set amount, while crypto debit cards draw from portfolio holdings as a funding source. In other words, once a prepaid card is depleted of funds, it often cannot be topped up; crypto debit cards enjoy repeated use as long as digital assets remain available to complete purchases. Our Crypto credit cards will function identically to traditional credit cards issued by Banks. in that, transactions are completed in exchange for debt to be paid off at a later date. Purchases made on products or services with our crypto credit cards, can be deferred over a certain period, allowing for payment at a later date. Typically, participants who opt for our crypto credit card options, must pay off a portion of their balance every month, or risk incurring late fees and interest…. Why use a crypto debit or credit card There are many possible advantages for using a crypto debit card, such as:
Additional security: Crypto debit cards often employ standard security measures, like chip-and-pin technology, and demand multi-factor authentication before completing transactions;
Cashback and rewards: Some crypto debit cards offer rewards or cashback programs, offering users the opportunity to save money, or receive additional cryptocurrency;
Greater digital asset mobility: Eligible participants can spend their cryptocurrency wherever and whenever card-issuing payments are accepted, allowing greater latitude to utilize digital assets for daily purchases
Difference between Crypto Tokens and Cryptocurrencies
While both crypto tokens and cryptocurrencies are based on Blockchain technology, they are distinct in a few ways.Currency | Token |
---|---|
Ripple,bitcoin,etherium | Brick-block,BCap,Polygon |
Acts as digital currency | Act as digital project asset |
Operates on it own Blockchain and can not be moved | Is Blockchain agnostic |
Used as a source of digital payment | Used as a source of digital payment and for agreements. |
About
Services
Contact
Address 348 East Lake Rd. East Legon. Accra - Ghana
Email: business@veqtasquare.com
Phone:+233 24 768 5717
© 2012 - 2024 Veqtasquare. All rights reserved.