VUCO has been planning to branch out to its Special Purpose Vehicle (SPV) named VUCO Gold. VUCO Gold soon will have its own Fintech license. This new platform shall enable VUCO token holders to freely trade and make use of their acquired tokens. Furthermore, this new venture will double up the security of both exciting and potential financial investments made by partners, shareholders, and investors.
What Is a Special Purpose Vehicle (SPV)?
A Special Purpose Vehicle is a subsidiary created by a parent company to isolate financial risk. Its legal status as a separate company makes its obligations secure even if the parent company goes bankrupt. This is the most effective and beneficial platform to all investors in protecting their assets and investments to be dragged by the bankruptcy of the parent company.
What is a Fintech License?
Financial Technology (Fintech) License grants computer programs to support or enable banking and financial services. At its core, fintech functions to help sectors through utilizing specialized software and algorithms used on computers and, increasingly, smartphones.
What is the Potential of a Fintech License?
HERE ARE SOME COMPANIES THAT USE FINTECH
1.Stripe: $95 billion
Founded in 2011, Stripe helps process online payments for small businesses and even tech giants like Microsoft and Zoom. It remains the most valuable fintech in the U.S. with a $95 billion valuation, up from $35 billion last year. Stripe is also the second-most valuable startup in the world—eclipsed only by TikTok owner ByteDance. Maybe it’ll get around to going public one of these days.
2. Klarna: $31 billion
As consumers increasingly opt for debit over credit, “buy now, pay later” trailblazer Klarna has catapulted to riches. The 16-year-old fintech powers financing for customers shopping at stores like IKEA, H&M and Etsy. On the heels of the pandemic’s ecommerce boom, its valuation tripled in March 2021. (Based in Sweden, Klarna qualifies for our list because it has a significant U.S. presence.)
3. Chime: $14.5 billion
The largest digital quasi bank in the U.S., Chime offers no-fee checking accounts, a debit card and overdraft protection. Annualized revenue surpassed $600 million last year, when it launched a starter credit card and offered early access to federal stimulus checks.
What is VUCO?
VUCO, which means, “Vuuzle coins” will be available on several marketplaces where a new breed of investors is gobbling up shares in company’s all over the world through tokenization backed up by bitcoin or Ethereum. It can be exchanged on a “1 for 1 basis,” meaning one purchase of VUCO is equal to one “VUCO” security token.
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How VUCO Gold Would Work?
As appreciation to pioneer shareholders holding VUCO, VUCO Gold will be giving away VUCO Gold for free. These free tokens shall be readily available for free trading in the platform for selected countries. On the other hand, free tokens given to USA-Based shareholders will be on hold and will wait a year to utilize these.
All VUCO Gold tokens will soon be released and be available for free trading for interested investors and shareholders as soon as the Fintech License is issued.
Stay tuned for more exciting news!
Written by Francesca Jade S. Hernandez | Content Writer and Public Relations Specialist
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