All you need to know about vauld:
This is a cryptocurrency app that was founded by Darshan Bathija and Sanju Sony Kurian in the year 2018. The company has its corporate headquarter in Singapore while the Product and Technical headquarters are in Bangalore, Karnataka, India. The company started with the Bitcoin and Ethereum wallets brand since its launch. The Vauld has developed over the years and now provides services relating to all the cryptocurrencies in the world.
The cryptos were started in 2008 in the US and Bitcoin was the first cryptocurrency. Following the discovery of Bitcoin, Vitalik Buterin in the year 2013, published a paper to get Ethereum and was finally launched as cryptocurrency in the year 2015. In the year 2019, the cryptocurrency got into new heights but the market has crashed to a very low in the current time.
After the launch of the vauld in 2018, the company was majorly into lending and borrowing the money but the company completely revamped in the year in 2019 in its 3rd quarter reworked its website and also launched Enterprise Application Programming Interface for Wallets, Lendings, and Borrowings.
After revamping the website, the company started with the medium of exchange to allow the buyers to get paid in the cryptos in the Indian Currency since Quarter 4 of 2019 as per the company and also allowed the instant buying selling the Indian Currency as well.
In the year 2020, the company launched its own applications on different platforms which like Apple Store for Apple devices and Playstore for android and google devices. The company is looking forward to different ideas like cross token payments, cross-border remittances, and medium of exchanges in US Dollars, Great Britain Pound, and other major currencies as well.
The company Vauld has recently raised 25 million dollars in the Series A round of funding which was headed by Peter Thiel’s Valar Ventures and also the founder of PayPal. The company raised this round in the July of 2021, other investors in this round included CMT Digital, Gumi Cryptos, and Cadenza Capital.
Vauld has totally raised around 27 million dollars out of which a 2 million dollars round was carried out in December of 2020 and the round was a seed round, and the round was led by Pantera Capital.
Vauld provides different rates for Savings, Fixed Deposits, or Borrowing Rates from different nations. It also provides different rates for the conversion of money as trading fees are charged from conversion in each and every currency. The deposit and with drawl fees is for every token is different and the charges are different for the deposit amount and different for minimum and maximum amount of with drawl.
For any trader in our country, the money can be transferred by him can be done through his bank account in the wallet. The transfer can be done through the KYC with the UPI mode which makes the transfer through a bank account which makes the whole thing valid.
- The company is one of the new coming into the crypto world and making good progress.
- The company has the leadership in good hands, and the investors it is bringing have also done well and can help the company in building a better firm.
- It is one of the companies which provide the investors to invest through them and also give the Indians to invest through them.
- They are also planning to provide the deposits, with drawl and savings bank option as well and they are also providing interest rate in the savings account with them as well.
IMAGE SOURCE: GOOGLE