Featured, Startups

Romanian Company Launches Fintech Product in Asia as Their First Market

singapore_veros

In this trend where most companies look towards U.S. as their main market, Under Development Office, a Romanian software company turned to Asia. The Bucharest-based company is focused on native mobile apps and emerging technologies.

This has led them to create VEROS, a medium of exchange for cryptocurrencies, which makes use of cryptography to secure transactions and to control creation of additional currency units.

VEROS provides a use case for storing and processing digital transactions in a secure and transparent way. The purpose is to provide a comprehensive eco-system built around the cryptocurrency featuring multi-platform wallets, integration with exchanges and other features. The product addresses the unbanked individuals and their need to manage online transactions.

By giving them the opportunity to access quality financial services as this one, we are basically giving them the resources to access any kind of financial services. It has a friendly interface and an accessible environment available to any individual connected to the Internet. VEROS is a game-changer product available in China, South Korea, India, Malaysia and Singapore. says Dan Cearnau, CEO of Under Development Office

The product has been launched as a startup in Singapore, which is a global leader in Fintech.  The company had the opportunity to take part, as an exhibitor, at CommunicAsia 2016 as part of the Romanian Ministry of Economy and Business Environment delegation and have met their business partners there.

VEROS is built on one of the most advanced blockchain platforms, Ethereum and it guarantees a high reliability. The cryptocurrency has 120.000 registered users, with 20.000 monthly users out of which 1.000 are using it daily.

In 2017 VEROS is evolving into a Crypto One Stop Solution. This represents an integrated financial solution, bringing together an exchange environment, a common point for all cryptocurrencies and a payment platform both online and on-site for merchants.

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