Velas Introduces New Features

March 12, 2022
Velas Official

Another week, another step is done. Velas has added a new feature allowing customers to use VISA/Mastercard credit and debit cards to buy VLX tokens via a direct link 👉 EUR and USD fiat currencies have also been added to the Velas wallet software.

By adding this feature, Velas users have the opportunity to buy Velas tokens directly from the wallet, without the necessity to use an external exchange as a bridge. The process of purchasing VLX tokens becomes even easier.

Mobile swap feature has been improved. The following tokens: BSC, Binance USD, Velas ERC-20, and BEP-20 USD have been added. Swap transactions will allow you to conduct fast inter-blockchain transactions.

The following features are in development:

  1. Adding an additional payment system. This will allow you to use more banking options to start working with the Velas blockchain.
  2. You will benefit from the Staking 2.0 feature on the Velas website (currently, it is available in the wallet). You will be able to execute a fast validator search and browse through validator criteria such as APR, quality, dominance.
  3. USD and EUR fiat currencies will be added to get access to Ethereum Virtual Machine.
  4. Adding more payment options.

About Velas

Velas is the fastest blockchain with up to 75,000 transactions per second and with the lowest fees of any distributed ledger in the industry. The innovative blockchain consensus mechanism that combines Proof-of-Stake and Proof-of-History makes the Velas validation process even more safe and effective.

The Velas blockchain uses an upgraded version of the Solana blockchain’s open-source code, combined with Ethereum Virtual Machine. This allows developers to easily deploy any Ethereum-based application on the Velas premises. These features contributed to higher network speed and increased scalability.

Apart from this, Velas provides software engineers with all the necessary tools to create decentralized applications from DeFi to gambling and NFTs.

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