The Tribune

A Grand Bahama-based cypto-asset firm plans to brief Nassau residents today on its initial coin offering (ICO), which is scheduled to take place in 42 days.

VirSymCoin (VSC) will unveil its 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 in downtown Nassau, 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 (VSC), which was founded and chaired by entrepreneur Dario Roberts, is a blockchain-based platform that uses smart contracts. It combines bank services such as easy deposits; payments and lending services; cross-border payments; ATM facility/convenient withdrawals with a cryptocurrency exchange for the business and consumer world.

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

"The product that we've created has found a way to transform and revolutionise the way that we, as a people, view how we manage our finances by taking the Bahamian dollar digital".

VSC said some 900,000 of its tokens have been purchased locally, with the company planning to make more available at today's meeting at the British Colonial Hilton.

"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," added Mr 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."

Apart from its upcoming ICO, VSC is also preparing to 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," Mr Roberts explained.