Virtual Crypto Technologies

Company Overview

Snapshot

Founded in January 2018 by Alon Dayan, Virtual Crypto Technologies operates with 1–10 employees. The company went public in March 2018 on the OTC exchange, but ceased operations in September 2020.

Business overview

Virtual Crypto Technologies is a fintech company focused on making cryptocurrencies accessible to the public. It develops payment solutions for businesses and consumers, integrating application programming interfaces and mobile applications for use across ATMs, PCs, tablets, and other mobile devices. Its flagship product, NetoBit Trader, is a proprietary algorithmic trading platform that enables instant confirmation of Bitcoin purchases and sales. The software connects to multiple crypto exchanges to secure optimal pricing and offers insurance up to $3,000 per trade. The platform supports hardware products like ATMs and the NetoBit Cash proprietary tablet device, operating within the Fintech & Insurtech sector.

Strategic signal

In February 2019, Virtual Crypto Technologies announced its intent to acquire Viewbix Ltd. from Algomizer Ltd. through a share exchange, with the acquisition completing in August 2019. This move signaled the company's strategic expansion into new technological capabilities, aiming to integrate Viewbix's video analytics expertise to enhance its cryptocurrency accessibility solutions and potentially broaden its market reach beyond its core Bitcoin ATM offerings.

Company Intelligence Q&A

What is Virtual Crypto Technologies' primary product?

Virtual Crypto Technologies' primary product is NetoBit Trader, a proprietary algorithmic trading platform designed for instant confirmation of Bitcoin purchases and sales, connected to numerous crypto exchanges for optimal pricing.

When did Virtual Crypto Technologies go public?

Virtual Crypto Technologies went public in March 2018, listing on the OTC exchange under the ticker VRCP.

What was a significant acquisition made by Virtual Crypto Technologies?

Virtual Crypto Technologies completed the acquisition of Viewbix Ltd. from Algomizer Ltd. through a share exchange in August 2019, following an announcement in February 2019.

When did Virtual Crypto Technologies cease operations?

Virtual Crypto Technologies ceased to operate in September 2020, leading to its delisting from the OTC exchange.

What was Virtual Crypto Technologies' strategic move in September 2018?

In September 2018, Virtual Crypto Technologies announced its intention to enter the cannabis sector, indicating a potential diversification of its cryptocurrency payment solutions.