Denaro is considered to be an ecosystem of seamless payments. It is created to eliminate the gap that arose between cryptocurrencies and existing markets. The Main Token Sale has already started and will last until March, 15. Here there are web wallets, debit cards, merchant terminals and international bank accounts, with the help of which both legal entities and individuals can send, spend, store and exchange cryptocurrencies or fiat funds. Let`s find out what functions IBAN, Denaro wallet, Denaro token and its debit card perform.
So, first is IBAN. It is decrypted as International Bank Account Number and is an internationally recognized identification code created for transactions between banks in different countries. This number helps foreign banks verify the legality of the account with which they make transactions, and also helps them to determine the financial institution and the country with which they deal. IBAN makes the process of handling the cross-border payments easier and faster.
Next is web wallet. It plays an important role in any interaction in the Denaro ecosystem. Being a safe platform for storing and exchanging both crypto and fiat currencies, it allows users to contribute, hold, send and exchange these currencies. Merchants have an opportunity to choose and switch freely between various blocking assets for payments. Users can convert from BTC, ETH, DNO and vice versa, using the system of peer-to-peer transfers and exchanges and pay for the services of merchants. Every user will be able to create his or her own wallet with the help of a web portal or a free mobile application Denaro. This application can be downloaded and is available for both Android devices and iOS. After creating the account, if user wants to get an access to the multicurrency wallet, he or she should use the private key and then choose which cryptocurrency this user wants to deposit on. For downloading a certain amount of money to the card, the user first logs in, secondly goes to the deposit section and finally chooses which currency he would like to deposit into the account. By the way, the funds on the card will be downloaded automatically.
Speaking of Denaro token, it is called DNO. Its main functions are managing all payments and providing its owner with a wide range of exclusive benefits, including bonuses, discounts and a variety of merchant services on the network. This company tries to create its token in such way that it will meet the requirements of users and take into account the best features of the blockchain technology. And the last is its debit card. While using it, the owners can download cryptocurrencies including BTC, ETH, and DNO on a physical debit card and then spend it in both online and offline stores around the world. However, there is one more important element — API. Denaro provides developers with a secure and customizable API in order to add DNO and supported cryptocurrency either as a local or global way of paying for their services. Denaro APIs are easily configured for any asset exchange based on the blockchain technology.
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