I have some questions about the application, that you have. How it is developed? What functions does it have?
App Functionality The Vio is a native app (iOS and Android), containing the following functionality (market roll-out dependent): • Profile & Wallet • Send funds domestically & internationally (either to another profile or wallet address) • Exchange tokens to fiat (directly into debit card via Visa Direct) • Top-up purchase of tokens (using Visa/Mastercard) • Request funds from contacts • View transaction history • View Information section (About, Terms and Conditions, Policies)
To be honest, I’m very interested in technical details! As an example in things like verification, compliance.
Digital ID Verification: Vio will be utilizing Acuant’s AssureID functionality in order to verify that the users ID scanned is real and to perform facial verification. If the verification results fail (i.e. the face scan and the ID image do not match sufficiently), the user will not be able to continue with the register process.
PCI Compliance: Spreedly is a secure PCI compliant data capture, credit card vault and payment forwarding provider. All sensitive user debit card info is stored by Spreedly in a secure PCI compliant environment. The card vault will return a token to be stored in the Profile Database against that user’s record. That token will then be used whenever that user processes a transfer request.
Wow! Such a detailed respond! And now describe me please all of the steps to carry out a successful operation.
1. User registers profile and links Visa Debit card
2. User obtains Vio tokens from either: • Top-up using Visa/MasterCard Card to buy In App or • Digital currency exchange where tokens are listed or • Receives tokens from other registered App users
3. User App sends Vio tokens to Receiver via Ethereum blockchain transaction (domestically or internationally, either to another profile or wallet address)
4. Recipient User App is credited with Vio tokens to app Wallet.
5. Receiver submits request to convert Vio tokens to fiat at daily exchange rate.
6. Vio converts Vio tokens to fiat Currency.
7. Vio uses Visa Direct transaction to disburse fiat currency directly to Recipient Users Visa Debit card.