₦airaland Forum

Quppy brings benefits of cash to cashless society

It is no secret that our society gradually becomes cashless. The share of card and contactless payments grows year by year and far outshines cash transactions. However, it is necessary to admit that there are some benefits to cash. Such as relative anonymity (you don’t leave a huge trail of paperwork on every transaction).
Cryptocurrencies also have this benefit - they are not fully anonymous, but are not explicitly tied to the owner’s name.
With Quppy combining both fiat and crypto, you essentially get both your cards and your cash in your phone - always at hand.
Learn more: quppy.com

Are banks falling out with crypto exchanges?

Probably you all know already that Banks stopped processing SWIFT transfers from Binance of less than $100,000 on February, 1st. Frankly, it’s sad news - it is never good to see ordinary crypto users suffering consequences from large businesses’ decisions. But what can we expect in the future? After all, this news is pretty alarming for the entire crypto industry.

First of all, all banks and regulators that Quppy works with are not planning on boycotting crypto or preventing individuals from transferring their assets from crypto to fiat and vice versa. Basically, regulators and banks don’t have any problems with dedicated platforms integrating crypto and fiat systems, as long as they operate legally as Quppy does.

Second, and it is less optimistic, it is very possible that crypto exchanges can have problems with banks processing transactions made by individuals. Let’s be honest - the reputation of the crypto trading industry in the mainstream world is rather controversial, and it is not helped by recent scandals. So direct fiat withdrawals from crypto exchanges can become problematic in the near future.

Thus, we advise you to always have a dedicated crypto-fiat solution like Quppy at hand. Just in case if something goes wrong with fiat transfers from your favorite trading platform.

📢 Learn more: quppy.com

Bitzlato scandal - the importance of regulatory compliance

It looks like the crypto market can’t spend a month without a major scandal or controversy related to a major exchange. In January, Bitzlato made the headlines, unfortunately, in a negative way: one of the founders and four other employees were arrested on charges of money laundering. According to law enforcement, about 46% of all transactions on Bitzlato (about $2,1 billion) were related to criminal activity.

While the investigation is ongoing, users’ funds were blocked on the exchange’s wallets. While Bitzlato representative claimed that they will be able to return 50% of users’ funds immediately after relaunch and the rest will be returned later, it is obvious that ordinary users are the main victims in the situation. Regardless of how the investigation will proceed.

The obvious conclusion for all crypto users is that the platform’s regulatory compliance is first and foremost a boon for you. If the platform you use operates in the “grey area” - your funds can be blocked or arrested at any time.

Fully regulated platforms, like Quppy, are simply much safer.

📢 Learn more: quppy.com

Good info thanks for sharing with us

Well, given what we see happening with crypto exchanges now it is good that Quppy keeps somewhat lower profile than most crypto projects.

That’s not the main thing. The main thing is that quppy actually works within regulations and doesn’t engage in shady business. At least, I haven’t seen any accusations, let alone evidence.

What is an API in banking?
Banking APIs are a set of protocols that enable secure communication between your bank’s server and client devices. It helps customers communicate with bank staff through the bank’s app, simply with an Internet connection.
As all interaction involves conversations and the transfer of money-related data, banking APIs require strong authentication and secure encryption.
On the back end, these APIs connect developers with payment networks to display payment details making them an essential tool when it comes to BaaS (bank as a service)...
Continue reading https://quppy.medium.com/apis-in-fintech-payments-and-banking-where-the-synergies-are-born-a5b105d472e1

Binance troubles with fiat continues

Binance will stop deposit and withdrawal operations with British pound (GBP). For new users GBP on- and off-ramps are not available since March 13 and from May 22 they won’t be available at all.

The exchange’s fiat partner - Paysafe - notified Binance that they will no longer be able to provide GBP deposit and withdrawal services from May 22, 2023.

And let’s not forget that Binance suspended USD bank transfers on March 8, SWIFT transfers of less than $100,000 a week before that. In other words, it looks like even the largest cryptocurrency exchange have severe problems with fiat operations.

Basically, the only viable solution today is to use only crypto for trading and rely on dedicated platforms like Quppy to exchange your crypto for fiat. After all, no one can guarantee that your favorite exchange will have fiat withdrawals tomorrow.

Learn more: quppy.com

Crypto today is more decentralized than ever
The dynamics between centralization and decentralization tendencies in the crypto market have been very interesting in 2022.
On the one hand, it is undeniable that huge crypto corporations control more and more significant share of the market, and most researchers think that this trend will continue. Even relatively conservative forecast by Emergen Research tells that by 2030 over half of the crypto market volume will be concentrated in the hands of a very few players.
On the other hand, according to Glassnode, retail investors (people who own less than 10 different cryptocurrencies) own over 17% of all BTC coins in circulation. While it may not seem very impressive, it is an all-time-high.
In addition, more than 40% of retail investors claim that they will continue investments in crypto in 2023. That is a very high figure as well in comparison with previous years.
We are not sure that retail investors will “overthrow giants” any time soon, but it is very clear that more and more ordinary folks enter the blockchain space. And that’s great!
Learn more: quppy.com

Quppy - verification can be very easy
Quppy is a universal neobanking platform that works with both cryptocurrencies and fiat currencies. Thus, we are legally required to verify the identity of every customer using any services related to fiat. We do understand that for a lot of people in the blockchain community KYC procedures are a very loaded subject, So we tried to make this process as fast and streamlined as possible.

Only seven simple steps are
Fill in your personal data in the app
Choose a document (preferably your ID card or international passport) - this document must contain your name and surname in Latin characters.
Fill in the additional data if requested
Make a selfie
Make a selfie with the document
Upload a photo of the document’s front side
After that you don’t need to do anything - #verification will be carried out on our side and you’ll be able to monitor the status updates on the same screen. In the overwhelming majority of cases verification takes only 15-20 minutes.

Learn more: quppy.com

Piksel:
That’s not the main thing. The main thing is that quppy actually works within regulations and doesn’t engage in shady business. At least, I haven’t seen any accusations, let alone evidence.

I think, the most important factor is that quppy is not a trading platform. They have a certain reputation that is mostly justified, judging by the recent events.

[img]https://i.postimg.cc/hj3kMJFZ/fb-3.png[/img]

A banking crisis is looming, American banks are losing their licenses.
Naturally, the ongoing crisis in the US banking sector is extremely concerning for our users. The consequences of the SVB collapse and the Signature Bank closure are already quite severe - major US banks have lost billions and billions of dollars in a matter of hours today - and it is obvious that it is not the end of the story. And the crisis will have global consequences, not limited to the US.

However, there is no reason for Quppy users to panic.
First, we do not have any exposure to either SVB or Signature Bank. Thus, Quppy will not be affected by the immediate fallout in any way.
Second, Quppy is not a part of the US banking system. So if, for example, withdrawal of deposits in the US will be suspended or limited, Quppy users will not be affected.
Third, and most important: Quppy offers non-custodial wallets as well. Thus, it is not necessary for you to trust us - it is you and only you who controls your funds in a non-custodial wallet.
🙏In other words, Quppy will provide you with a safe haven in these difficult times.

Learn more: quppy.com

The craziest banking week since 2008
Public and private markets are busy analyzing and going on after the heated weekend that took on with the collapse of the Silicon Valley Bank late last week. New York state regulators closed Signature Bank on Sunday, a major lender in the crypto industry, in an attempt to prevent the banking crisis from spreading. Banking regulators stated the Signature Bank depositors to have full access to their deposits to guarantee depositors of the bankrupt Silicon Valley Bank to have their money returned...
Continue reading quppy.medium.com

Yeah. quppy and similar platforms are actually beneficial to regulators - they try to make crypto more civilized.

Truly wide adoption of crypto payments is coming
According to the survey conducted by Ripple, 97% of payment firms all over the world believe that crypto will globally enable faster and cheaper transactions in the coming three years.
Granted, there may be some bias due to Ripple itself being a blockchain-based payment provider, but the data is still striking: 50% of payment executives believe that within one to three years most merchants will accept crypto and 52% consider integrating crypto themselves.
In other words, soon those who do not integrate crypto payments into their e-commerce business will fall far behind the curve.
Learn more: quppy.com

Callsuffer:
Yeah. quppy and similar platforms are actually beneficial to regulators - they try to make crypto more civilized.

yeah. While I don’t like government’s control as a whole, given the facts that have emerged, I don’t see any alternative to regulation.

Digital Wallets and Digital Identity: the contemporary banking must

Today, we have to prove who we are in nearly all the applications and services we use. Whether it’s showing your passport when traveling abroad, verifying your age at a bar, or getting into college, there’s no shortage of common ground when it comes to verifying your identity.

This is the most important point of verifying yourself when it comes to finance and banking. Whether it’s applying for a mortgage, entering into a new mobile contract, or signing a new lease, the client must be able to prove that they are who they say they are and that they have the necessary funds and a transparent credit history.

Banking is one of those sectors having undergone massive digital transformation over the last years and is rapidly moving away from analog ways of doing business. It is no longer necessary to visit a bank branch in person for many events — in fact, a survey conducted by KMPG found that one in five consumers in the UK have not visited a bank branch since the Covid-19 pandemic — a great digitalisation trend that is meant to expand further.

As many consumers increasingly apply for mortgages, open accounts, and manage their finances purely digitally, there is a growing case for digital identity.

About Digital Identity

Digital identity works exactly like the physical one, only in a digital environment.

Digital identity appears in two main forms. The first one is a digital version of an official identity document, such as a digital driver’s license, which is stored in a mobile wallet on your smartphone.

The second one is represented by credentials for accessing online services. They are usually created during the initial identity verification process (KYC), usually involving verification of an official identity document and, increasingly, some form of biometrics. For the consumer, this could be the data they use to log into the mobile banking app on their smartphone.

These two areas cover a huge number of interactions, including both everyday moments and life milestones. Signing a new SIM contract with a mobile provider, connecting a smart speaker to a home smart hub, and getting a loan to start your own business are at different ends of the spectrum in terms of value, yet they are all digitally accessible.

Digital identity verification has a number of advantages, one of which is convenience and simplicity for customers. However, if this is not done in a secure manner, it may compromise end user data.

In the absence of personal verification, how can the person and business on both sides of this interaction know that whoever they are dealing with is a genuine and trusted party? This is especially true in the banking sector to protect customer money and prevent fraud.

Trusted digital identities are essential to bridge this gap and ensure that people and machines can trust other organizations, businesses and devices, and vice versa.

The importance of Digital Identity

Without trust of their customers, banks and other financial institutions will not be able to implement the digital transformation they need to improve the quality of their services. Similarly, in the absence of trust, consumers will not feel comfortable using online tools, which may mean they miss out on access to essential services, which is a major barrier to integration.

Today, many users rely on online banking services more than ever before. Massive branch closures mean that for many this is the only way to access financial services, so building trust is vital.

Moreover, “traditional” forms of identification are no longer enough to provide proper online security. Using passwords in isolation, for example, no longer meets the needs of a society that depends so much on being online, given that they are a relatively weak form of authentication. As criminals constantly look for holes in the armor of consumers and businesses, more needs to be done to protect these parties.

Protecting your Digital Identity

Criminals always find a way to take advantage of disasters. Over the COVID-19 pandemic, there was a surge in phishing emails and online scams by nefarious individuals and organised groups who want to steal data. A good way to provide an extra layer of security beyond passwords is to use multi-factor authentication (MFA). Multi-factor authentication means using something other than a username and password to log into an account. This could be an authentication app on a mobile phone, or a security key that plugs into a USB port. With MFA enabled, even if criminals somehow manage to get hold of logins and passwords, they still won’t be able to log in without this “second factor”.

First, if attackers find they can’t access an account because of MFA, they’re much more likely to just try another one rather than waste time and effort trying to bypass or remove MFA protection. Secondly, the MFA implementation process can only increase the security awareness of all users, which benefits everyone, both privately and professionally. One of the biggest security threats is account hijacking. If hackers gain access to an Office 365 account, not only can they use it to send and receive malicious emails that appear to be from a legitimate sender, but they can also access data and information stored in OneDrive or SharePoint. It’s like getting the keys to a kingdom: the financial and reputation damage can be enormous. For too long, convenience has been more important than security, such as being able to log in with just a password from anywhere at any time. The main problem with passwords is that most people are not good at choosing strong passwords and tend to reuse passwords rather than setting different passwords for each account. Reusing a password, choosing a weak password, or not detecting a phishing email all put users at risk. But once MFA is set up, the security system appears. This isn’t to say that it’s infallible — the MFA can be exposed too — but it takes extra time and effort, and in many cases the perpetrators simply won’t bother. If people choose their own passwords rather than using a password manager to set and store strong passwords, the result is usually a weak password. It’s incredibly true that the most popular password of 2019 was 123456, and “password” is number four. Cybercriminals use this complacency to launch automated attacks against hundreds of thousands of accounts using lists of commonly used passwords, a technique called password spraying. The success rate may be low — perhaps less than one percent — but if they target 100,000 accounts, that’s still a lot of compromised accounts.

Inserting credentials comes from the fact that people often use the same password for multiple accounts. Passwords stolen in one data breach are reused to access other platforms. In these cases, a super-strong password is useless.

How does Digital Identity protect us

Digital identities are designed to solve all these problems. Not only do they provide 100 percent trust in all links in the value chain, but they also play a key role in enabling inclusion for all parts of society, providing security through unique biometric identifiers such as fingerprints and facial recognition, and creating a seamless experience for consumers and ensuring compliance for businesses. They must also be created with confidentiality in mind by design principles. Identity data should be stored on the device in secure chips or secure applications, biometric verification occurs locally where possible, and users should retain control over the data they choose to share.

When properly designed, one of the advantages of digital identity solutions is the ability to exchange only the necessary data — only in the form of a transaction or certificate. To put this in context, when you contact a real estate agent to rent a property, you are usually asked to provide 6 months of bank statements to prove that you are financially viable, or if you are not, details of a guarantor who can vouch for you. In fact, all you need to prove is financial solvency — why would you need to provide detailed bank statements for this? In practice, digital IDs in this context would be enough to show the real estate agent that you are financially viable without handing over a bunch of data about your personal finances.

Trust is the most important currency in the digital world, and in the banking sector as well. Digital identities are how that trust is communicated and implemented, and as such, their importance to our online community cannot be overemphasized.

This is a very complicated question. On the one hand, some level of control is necessary to prevent outright fraud. On the other hand, control and regulations inevitably lead to corruption.

You can top-up your Quppy account via Wise
We at Quppy always strive to provide our users with the best service possible. We’ve noticed that Wise has become one of the most popular international money transfer services. It’s not surprising - Wise is easy to use, fast and does not charge a lot for transfers.
And now you can take full advantage of Wise’s low fees and high speed while topping-up you Quppy account.
It is extremely easy to do
Sign up with Wise (or login into your account)
Specify the amount you want to send to your Quppy account
Fill in your details (Wise does not share this data)
Specify your Quppy IBAN account as the recipient of the transfer
Select the type of transfer
Check the details and make the transfer
Learn more: quppy.com

USDC joins Quppy's cryptocurrency wallet: Stability and predictability for all users💲
We are pleased to announce that the Quppy cryptocurrency wallet is adding a new coin, USDC, to its service. USDC is a stablecoin that is pegged to the US dollar, providing stability and predictability for users.
Quppy always strives to provide our users with maximum opportunities, and adding USDC to our wallet is one way of achieving this goal. We are confident that our wallet users will be able to enjoy the benefits of USDC and use it for fast and reliable transactions on the cryptocurrency market.
In the Quppy app, users can now buy, sell, and store USDC, providing them with even more flexibility and control over their cryptocurrency assets. We will provide support for storing and managing USDC in our wallet, so that users can manage their assets most effectively. In addition, our support team is always ready to help our users with any questions or issues.
We aim to be leaders in the cryptocurrency wallet market, so adding new coins is our priority. We will continue to work on improving and expanding the functionality of our wallet to provide the best user experience for all of our users.
Stay tuned for our updates and get access to the most promising coins on the market with Quppy!
*USDC is already available for Android devices, iOS is in progress.
Learn more: quppy.com

We can spend countless hours in a pointless discussion about control vs freedom. What is important, at leas for me, is that regulators do not seem to go after services like Quppy.

The don’t need to - basically, quppy has to comply with their requirements in order to simply works. And there are not a lot of opportunities to “get rich quick” in contrast to exchanges.

Quppy Slashes Transaction Fees
We have great news for all our Quppy Crypto Wallet users! We are thrilled to announce that we have significantly lowered cryptocurrency transaction fees on our platform.
At Quppy, we understand the importance of affordable and efficient transactions. That's why we have worked tirelessly to reduce the fees associated with cryptocurrency transactions, making it even more cost-effective for you to manage your digital assets. Please note that this fee reduction excludes stablecoin transactions, which will continue to be subject to standard rates.
Whether you're sending, receiving, or exchanging cryptocurrencies, our lowered transaction fees will ensure you save money without compromising on security or speed.
Experience the benefits of our enhanced cost-effectiveness and seamless transactions by downloading the Quppy Crypto Wallet today. Join thousands of satisfied users who are already enjoying the convenience and affordability of our platform.
Don't miss out on this incredible opportunity! Start enjoying reduced cryptocurrency transaction fees with Quppy Crypto Wallet now!
Learn more: quppy.com

We are thrilled to announce that personal accounts (named accounts) and transfers to/from third parties are once again available in our convenient Quppy cryptocurrency wallet!

Our team listens to your feedback, and we are proud to introduce the option to restore personal accounts in Quppy. This means you can manage your funds even more conveniently and securely. Now, you can access personal accounts that are fully linked to your name, ensuring maximum transparency and ease of use.

Please note that the application will now provide you with new details in the form of personal named accounts! To perform transactions, you need to use only the new details and your own name.

But wait, there's more! We are also bringing back the ability to make transfers to/from third parties. This opens up a world of possibilities: you can comfortably send and receive funds from your friends, business partners, and loved ones, even if they don't have a Quppy account. This provides you with greater freedom in managing your finances and expands your network of contacts.

At Quppy, we strive to provide innovative and reliable solutions for managing your cryptocurrency assets. We value your trust and continuously aim to introduce new features and enhancements to make your experience as comfortable and secure as possible.
Don't miss the opportunity to update your Quppy wallet to the latest version and enjoy the full range of features, including personal accounts and transfers to/from third parties. Join us and unlock the door to a world of limitless cryptocurrency possibilities!
Quppy - your trusted partner for managing crypto-assets.

Learn more: quppy.com

💥 Quppy Update: New Credentials for Secure Transactions! 💼🔒
Dear Quppy Users! We are excited to inform you about an exciting innovation that will make your transaction experience even more convenient and secure! 🔒

We are pleased to announce that, for conducting transactions in our Quppy cryptocurrency wallet, you will now be required to use new credentials, including your full name and surname. This important update will allow us to provide you with the highest level of security and protect your funds from potential fraudulent activities. 👤🔒

The new credentials will serve as an additional means of identification, enabling us to ensure a high level of account security and transaction processing. This is a significant step forward in ensuring the safety of your crypto portfolio and reliable usage of Quppy. 💼💪

Furthermore, this update will enable us to accurately identify each user, leading to a reduction in potential errors during transaction processing. We strive to provide you with the best wallet experience, and we are confident that this update will help us achieve that goal. 🎯✨

Thank you for choosing Quppy as your trusted cryptocurrency partner! We remain committed to your safety and comfort in the world of cryptocurrency operations. 💚💼

1️⃣ All in one place: Quppy is an amazing tool that combines the features of multiple wallets in one application. You can manage your cryptocurrencies and fiat funds simultaneously, providing maximum convenience and efficiency.
2️⃣ Flexibility and accessibility: With Quppy, you have the ability to create multiple sub-accounts in different currencies and manage them with ease. It's the perfect solution for businesses and individuals who need to swiftly navigate between different assets.
3️⃣ Fast and reliable transactions: Say goodbye to long waits and high fees! Quppy offers instant transfers between accounts, both within the wallet and to external platforms. This allows you to quickly send and receive funds, reducing time and costs.
4️⃣ High level of security: Quppy takes its security responsibilities seriously. The platform utilizes advanced encryption technologies and multi-factor authentication to guarantee the protection of your capital and the confidentiality of your data.
5️⃣ Support for multiple currencies: Regardless of the assets you work with, Quppy supports a wide range of cryptocurrencies and fiat currencies. This means you can freely manage your assets and conduct operations on an international level.
6️⃣ 24/7 support: The Quppy team is always ready to assist you with any questions or concerns. They offer round-the-clock support, ensuring that your needs are always met.
There's nothing better than having all the tools to manage your finances in one place. Quppy provides you with the opportunity to enjoy the convenience, security, and efficiency of a crypto-fiat wallet. Don't miss out on this opportunity and join Quppy today!

Learn more: quppy.com

Revolutionize Your Online Business with Easy Crypto Integration: Discover Quppy API!

Integrating crypto into your online business does not have to be difficult at all. We at Quppy believe that new technologies and their benefits should be as accessible as possible for the benefit of us all as a society.

Thus, when we designed Quppy API for businesses, we primarily focused on the ease of use and reliability. You can integrate a cryptocurrency payment gateway into your online store or another e-commerce website in just a few minutes and without any special knowledge. And if you encounter any problems or difficulties, our support service is ready to help at any time.

We understand that one company can have only a limited impact on the world, but we are sure that it is our duty to grant easy access to crypto to any business.
Learn more: quppy.com

‘get rich quick” in my opinion, is the marketing ploy that brought the most trouble to crypto. It attracts both scammers and their victims, as well as the regulators..

I don’t think that’s the reason behind regulatory pressure. More global issues like control over finances have much more weight, in my opinion.

However, it gives a great excuse for such pressure and helps anti-crypto people to paint the entire industry in a bad light.

And quppy continues to work on their legitimacy. Named users’ accounts, just like in traditional banks - even the most “financially conservative” people should like that..