Vault is Set to Keep Growing While Focusing on Upcoming Partnerships, Expansions, and Revenue in Triple Digits.
The post Vault is Set to Keep Growing While Focusing on Upcoming Partnerships, Expansions, and Revenue in Triple Digits. appeared first on Coinpedia Fintech News
Vault’s founder, Vladimir Gorbunov, shed some light on the future of the project and its relationship with Choise.com, revealing plans to strengthen Vault’s presence on several continents, establish new strategic partnerships, and connect new card-issuing companies.
Vault is a white-label, full-cycle crypto/banking product that enables B2B2C companies to reduce the time and cost required to launch fiat and crypto banking operations by eliminating the need for these companies to deal with permits, vendors, and more. Gorbunov highlights three features that set Vault apart: the availability of fully developed solutions, their cost, and the speed at which they are delivered. The core of Vault was taken directly from Choise.com, and the project itself originated as one of the platform’s operational B2B directions.
However, the crypto winter made it evident that there was an opening in the market and a demand for turnkey solutions which led to the development of Vault as a separate service. Gorbunov mentions that when Choise.com first received a request for a full set of turnkey products, they turned it down, but later discovered a whole new niche. Today, the company is targeting $180 million in revenue by 2025 and is working with businesses from around the world, providing services in 160 countries. Scaling remains one of the main goals for development, along with further expansion in specific regions such as North America, Europe, and Asia.
Working on Vault, Gorbunov has noted, that, unlike in Choise.com, the company is not responsible for audience engagement and marketing investment which in turn allows the revenue to be generated at all stages of operation. Such high business margins allow the company to create bold strategies to increase revenue. The Founder makes sure to mention that even though Vault has found an advantage in the said differences and the shift to B2B, the team is planning for further developments in the B2C direction and initiatives regarding Choise.com.
Vladimir revealed that these developments are targeted to be introduced this year, and several major updates will be shared with the community soon. These plans include the CHO token, the native token of the Choise.com ecosystem. Gorbunov shared that a token model is currently in the works to ensure its adaptability to the B2B shift and that it remains beneficial to its holders, hoping that the success experienced by Vault will scale the CHO token as well.
CHO is bolstered by a deflationary model, with plans to burn off a total of 1 billion tokens over time. At the time of writing, $CHO is priced at $0.02834 showing over 100% rise during the last three days, has a market cap of $3,104,904, and 109,573,889 CHO are currently in circulation out of a maximum supply of 1 billion.
Filed under: Bitcoin - @ March 14, 2024 5:20 pm