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VirSymCoin takes the Bahamian dollar digital

In just forty-two days, Grand Bahama’s Crypto-asset firm VirSymCoin (VSC) will unveil its initial coin offering (ICO), but crypto-enthusiasts in New Providence won’t have to wait that long to take advantage of the VSC experience. On Friday, September 7 at the British Colonial Hilton, the company founded and chaired by Bahamian entrepreneur Dario Roberts, will host an open and informative meeting giving interested persons full access to all things crypto.

VirSymCoin is a blockchain-based platform empowered by smart contracts. It not only acts as a bank by offering easy deposits, payments and lending services, cross-border payments and ATM facility/convenient withdrawals, but also as a cryptocurrency exchange for the business and consumer world. In July 2018, the VSC team unveiled its cryptocurrency platform at the country’s first ever Bahamas Blockchain Conference. Held under the auspices of Prime Minister the Hon. Dr Hubert Minnis, the conference featured some of the world’s brightest minds and leading personalities in the cryptocurrency sphere. Now, just two months later, the company has positioned itself to become the premier blockchain based crypto-asset in the country.

“Since going public in July, we have been hard at work creating the kind of  product which we hope Bahamians can not only trust but also actively use in their day to day lives,” said Roberts.

“The product that we’ve created has found a way to transform and revolutionize the way that we, as a people, view how we manage our finances, by taking the Bahamian dollar digital,” noted Roberts.

Already some 9,000 VSC tokens have been purchased locally, with the company planning to make more available at Friday’s meeting.

“In the cryptocurrency space tokens are a utility, which means that they are designed to be used in everyday life, for anything from buying a hamburger to paying a specific bill,” noted Roberts.

“Holders of VSC tokens also have the freedom to openly trade for other coins such as Bitcoin, Litecoin, or any of the world’s more than 100 cryptocurrencies,” he explained.

In addition to the impending ICO, VSC is also preparing to officially launch its version of a digital and physical bank providing services ranging from crypto loans to crypto and fiat processing.

“Once the VirSymCoin bank launches in March 2019, our customers will have real-time access to banking services they already enjoy with traditional institutions all readily available from their smartphones” he explained.

Robets, who is also the CEO of Bahabeach, a web development and information technology company, is passionate about the country of his birth embracing the technology with open arms. Interested individuals can visit the company’s website at https://virsymcoin.com/ for more information and access to the company’s white paper on the future of Blockchain in the Bahamas, or on their Facebook page at https://www.facebook.com/Virsymcoin242/.

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