Volinex ICO

Volinex is a platform that makes the use of crypto currencies easier by allowing anyone to set up their current bank accounts with a linked Bitcoin wallet free of charge whether they are private or business consumers. They are able to make IBAN transfer directly with their Bitcoin using developed software installed in their smartphones.

NEUTRAL VALUES

Individual creativity: The increase in business transactions has increased the demand for creativity amongst the customers which is adequately provided by Volinex as it enables the use of crypto currencies making the individuals creative and thinks critically on how to use their money and the associated transactions. The status of this project should be maintained for the development of a smart and environmentally friendly World.

Conveniency: The application of the project ensures that the automated exchange is effected easily by eliminating the traditional post and transforming them to mails and online transactions. This saves the customer time hence keeping up to the expectations of technology.

POSITIVE VALUES

Promotes automatic exchange:  The project makes Bitcoin socially accepted and easy to manage   enabling easy transfer and selling as the customers are able to make transfers directly from their Bitcoin balance. This at large enhances easier payment of day to day bills ranging from rent, electricity bills  or online shopping as the IBAN token used by the individuals  is highly compatible with their bank accounts. This makes the application of the project effective and viable.

The automated exchange involving the use of Bitcoin significantly saves customers time however the use of Volinex reduces the usual delays of banking of 5-7 days provided by IBAN to 2 days hence making  crypto currencies socially acceptable.

RECOMMENDATIONS

The traditional money transfers systems have become outdated and the rise of technology through the use block chain technology ensures that all the risks associated with this are eliminated. The transfer of money online as provided by the Volinex helps the  in reduction of banking time besides saving the customers time  and ease of payment of everyday bills. These make the project viable with great social development.

Volinex is advertising a powerful cryptocurrency debit card. Unfortunately, that debit card does not appear to exist. The debit card is scheduled to be released in February/March 2018. The company is accepting pre-orders (at 24.90 EUR apiece) throughout January and February 2018. The company is making enormous promises about the card – including the fact that it will be accepted in 200+ countries worldwide. They also claim they have a partnership with VISA.

Overall, there’s not enough information online to support anything that Volinex is selling. The company’s website features limited team information or technical details of the platform. There’s no whitepaper.

Furthermore, the company’s “fees” section makes the card seem similar in price to a traditional debit or credit card: you pay 3% foreign transaction fees, for example, along with a monthly maintenance fee.