Payments

The payments contracts on the Verified Network issue digital cash tokens called Via cash tokens in multiple currencies to users who pay in fiat and crypto currencies. Issues of Via cash tokens are treated as sell of payment tokens by the system. User applications that connect to the Verified Network may offer the option to hold issued Via cash tokens in institutional (bank) custody. 

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Verified AG also plans to offer debit cards connected to user accounts on the Verified Network. This will allow account holders to use virtual cards to make payments at point of sale, peer to peer and across borders. Verified AG will perform KYC/AML checks, provision cards and offer customer service for card payments.