Vesto, a comprehensive, multi-token protocol for decentralized services including DeFi, today announced that Aeros has white labeled its infrastructure to deliver crypto and cashless transactions, payments, and instant settlement for its clients across the US.
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Aeros, a fintech platform providing banking and merchant services for underserved businesses is one of the first clients Vesto has unveiled since it went live on mainnet last month. Via its partnership with Vesto, Aeros is further solving the needs of underserved businesses that have had to deal almost exclusively with cash transactions, creating operating inefficiencies, accounting complications, and higher security risks.
“The opportunity to increase the velocity of high-growth but underserved businesses is a game changer, and we are proud to play a major role in allowing companies shunned by traditional baking to transact in more than just cash,” said Christopher McGregor, CEO of Vesto. “Since there are no debit or credit card fees, that revenue stream also now goes back into the pockets of merchants instead of a third party, an additional benefit that neatly sums up the decentralized nature of our protocol.”
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The Vesto-powered Aeros App, now provides:
- Crypto and cashless transactions, payments, and instant settlement
- Ability to execute a payment by scanning a QR code, online or in-store
- Multisig wallet for secure storage, management, and compliance services
- Rapid onboarding and KYC/KYB/KYT for regulatory oversight
- Fully auditable and immutable record keeping
- Instant fiat on/off ramp converting fiat to crypto and vice versa
- Safety against crypto fluctuation via USDC stablecoins
“Our white labeled solution using Vesto is the innovative and seamless payments mechanism that retailers and consumers have been waiting for,” said Shawn Murphy, Aeros COO.
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