Vyng Hits $12 Million In Funding, Bringing Bitcoin to Every Phone Call Worldwide
The More You Call, The More You Earn
LOS ANGELES, April 19, 2022/PRNewswire-PRWeb/ – – Android portable clients wherever can now procure bitcoin for something they’re now doing – settling on telephone decisions to companions, family and organizations. That is the incentive behind The Bitcoin Dialer, the most current component on the famous Android dialer application, Vyng.
Vyng has assembled a darling dialer application utilized by a large number of clients – particularly in developing business sectors like South Asia, Latin America, and Africa. The Vyng dialer upgrades calls by pushing interesting photograph and video content to the lock screen of the individual getting the call. The Vyng dialer likewise includes Caller ID, Spam Call Blocking, Video Caller ID, Video Ringtones, Call Messaging and much more.
Its most recent advancement, The Bitcoin Dialer, rewards clients with micropayments of SATOSHIS or “SATS” (a limited quantity of Bitcoin) just for settling on the decisions they as of now make. Those SATS can then be recovered to any Bitcoin wallet.
On April 4, 2022, Vyng reported a $5 million round of supporting. Vyng is a Los Angeles based startup supported by March Capital Partners, Newbound Venture Capital, Alpha Edison and Omidyar Network.
“Everyone wants to be a part of bitcoin and the promise of digital currencies, but are held back by financial constraints or technical know-how. You have to sign up for an exchange, connect a bank account, get a wallet and then actually have money to exchange,” says CEO and fellow benefactor Paul Kats. With Vyng, in the wake of settling on their first decision of the day, clients can turn a ‘virtual wheel’ to decide how much bitcoin they get. “Every spin results in a reward, varying from 10 SATS up to 5,000. Users can also gift an additional spin by adding a visual ‘call message’ when they call a friend. It lets the friend know why you are calling.”
Once recovered, clients will actually want to move their income to its accomplice wallet application Bitcoin Libre-to hold or trade for another cash. Bitcoin is among the most elevated performing resource classes throughout the last ten years filling in esteem from $100 in 2013 to $47,000 as of now. Bitcoin is additionally less unstable than the nearby money in a considerable lot of the business sectors that utilization Vyng.
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Kats likewise makes sense of how clients can before long procure tokens in alternate ways, including distinguishing spam numbers, welcoming companions, finishing overviews, and settling on and getting decisions from organizations. The more you take part and add to the general environment, the more rewards you will receive.
Vyng has endured quite a long while creating Intellectual Property to carry visual substance to each versatile lock screen around the world, delivering various portable applications, setting off over 5,000,000,000 lock screen recordings, and accomplishing 17 US licenses in addition to 2 forthcoming, with dynamic filings in six significant nations. Income from organizations, who pay to increment answer rates from 25% to however much 70%, permits Vyng to compensate clients for business associations, buys and other application usage.
“Bitcoin is a bankless bank that anyone with a cell phone can use. In the US, we have 96% of the population with access to bank accounts and tools like Venmo and Cash App. Meanwhile, there are 2 billion people worldwide who do not have access to any financial services for saving, lending, or sending and receiving. The percentages are especially high in developing nations – such as India, Nigeria, and Brazil. Anyone with a cell phone can use Bitcoin.” says Ben Sigman, who conceptualized Bitcoin Libre as a buyer accommodating device for anybody to have the option to send and get Bitcoin anyplace on the planet for free.
About Vyng
Vyng has assembled a cutting edge Caller ID stage that imagines each call, assisting start with bettering discussions between companions, family, and organizations for the following half billion cell phone clients in India and then some. Since its send off in 2018, Vyng has played 5 billion recordings played across 170 nations. The organization has raised $12MM and is supported by March Capital, Omidyar Network, Newbound Venture Capital, and Alpha Edison.
Media Contact
Cara Konowalchuk, Wheels Up Collective, 610-724-5172, cara@wheelsupcollective.com
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