Qvolta Launches Globally to Compete with LocalBitcoins

August 10th, 2017 at 11:06 am UTC · 4 min read

Qvolta, a P2P cryptocurrency-fiat exchange platform and mobile application that allows people to buy and sell Bitcoins and Ethereum using local popular payment methods, is launching its MVP today. On Sep 15, 2017, the full-featured product will be launched globally. The platform will transform the way people deal with cryptocurrencies, promising a secure, user-friendly P2P exchange solution poised for mass adoption.

“Up until recently, cryptocurrency exchange platforms had high barriers to entry, so they were the exclusive domain of advanced users and geeks. We created Qvolta as a direct response to this problem. Users don’t need to be crypto tech geeks to use our service like they do on our competitors’ platforms. On Qvolta, they find a secure and convenient solution – and both novices and advanced users alike will appreciate the lower commission rates.” – says Kirill Murzin, CEO of Qvolta.

With the help of Qvolta, citizens of any country in the world can conveniently exchange cryptocurrencies for fiat currencies or vice versa using their local popular payment methods. And the whole process takes just 10 minutes after registration. Thanks to the fact that traders are verified and interactions are decentralized, Qvolta is highly secure.

The platform acts as a guarantor for the trades executed on it. Qvolta doesn’t take custody of user funds, which can attract hackers: the users’ fiat money does not go through the platform and users make payments to each other directly. All P2P exchange users are verified in accordance with the requirements of Anti Money Laundering norms (AML).

Currently, the most widely used P2P platforms are LocalBitcoins, Paxful, and Bitsquare. But LocalBitcoins offers only Bitcoin, charges high fees and commissions, and doesn’t have a user-friendly interface. Paxful’s main drawback is that it’s only popular among US-based users. And Bisq makes no pretense to mass appeal: users must install special professional software and possess a gamut of technical skills in order to buy cryptocurrency there.

Qvolta traders will use native tokens (QVT) to pay for tariff plans. Traders start by purchasing a tariff plan, after which they can offer to sell/purchase cryptocurrency on the P2P Qvolta exchange. Users can easily buy or sell cryptocurrency by responding to offers from traders.

Qvolta traders can also manage their cryptocurrency on the go — the solution will be available both as a desktop and mobile app (for iOS and Android). Users can test the platform’s MVP starting today. Then, on Sep 15, 2017, the full-featured product will launch.

A pre-ICO is planned for August 15-29, where 10% of tokens will be sold (175,000 ETH) at an exchange rate of 1 ETH (Ethereum) = 1 000 QVT. The pre-ICO bonus will be 50%. The ICO is planned for Oct 10th.

The Qvolta team plans to add Monero and other altcoins to the platform in the very near future. By 2018, they hope the platform will have evolved into a financial ecosystem thriving on the interaction between the blockchain and fiat currencies, moving from the American market into Europe and Russia, then Latin America, and on to Asia and Australia.

The platform was developed by a team of blockchain enthusiasts with keen interests in Fintech and the Internet of Things. The co-founders of Qvolta have each logged more than 5 years of experience in the international financial sector and financial technology in particular. The platform’s engineers previously developed the Upwork platform.

About Qvolta

Qvolta is a global P2P exchange platform that allows users to quickly and easily convert cryptocurrencies into fiat currencies and vice versa. The company, Qvolta Pte, Ltd., is based in Singapore and was founded by Kirill Murzin, Viacheslav Averkin, Ilia Filatov, and Dmitry Semenov, blockchain enthusiasts with a fascination for Fintech and the Internet of Things. Qvolta provides users with a reliable and convenient platform where they can quickly buy or sell cryptocurrencies using the most popular fiat-currency payment methods available in their countries of residence. Two cryptocurrencies will be available initially, Bitcoin and Ethereuim, with plans to add Monero and other altcoins later.

Qvolta will be available both as a desktop and mobile app (for iOS and Android).

Disclaimer: Qvolta is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.