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Choise.ai

Apple

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<img src="https://cdn.thebittimes.com/images/2024/03/15/vladimir.png.webp" alt="">
<a href="https://vault.ist/" target="_blank" rel="noopener noreferrer nofollow">Vault</a> redefines the digital/crypto banking segment worldwide. Pioneering the niche projected to reach $50 billion in the coming years, it managed to translate its agile adaptation to the market’s adversity into a multi-million dollar business model. In one of his latest interviews, Vladimir Gorbunov, founder of Vault, unraveled the company’s strategic genesis, financial potential, and future plans as the demand for the implementation of banking and crypto-banking solutions is growing every year.
<h1 dir="ltr" id="span-digital-banking-that-is-20x-cheaper-and-30x-faster-span-b-b">Digital Banking That Is 20x Cheaper and 30x Faster</h1>
Being home to all things digital banking, from transactions and processing to compliance and licensing, Vault delivers a turnkey infrastructure for B2B2C clients. Effectively, it helps other fintech companies streamline operations so that they can save time and resources by avoiding interactions with various permits and vendors. According to Vladimir Gorbunov, Vault allows for building a digital/crypto banking business “20 times cheaper and 30 times faster than if projects were to use its own development.”&nbsp;
Vault is implemented in three main frameworks. As Gorbunov explained, clients could deploy a ready-made white label solution, integrate parts of Vault's services via API, or opt for both. Thus, the company caters to startups and already existing products, making crypto features accessible to over 1 million users from 160 countries. Interestingly, only 25% of Vault's clientele are crypto companies, which underscores its versatility and wide-reaching appeal.
From a global perspective, Vault strives to foster the mass adoption of cryptocurrencies by ensuring that literally any company can integrate digital/crypto banking functionality within days and offer it to customers regardless of geographical location. As this vision echoed the general trend of companies increasingly exploring the fintech market for new business opportunities, Vault has successfully signed 40 contracts worth nearly $18.5 million in its very first year of operation. And this is far from the limit.&nbsp;
<h1 dir="ltr" id="span-ambitious-roadmap-aggressive-growth-and-new-partnerships-span-b-b">Ambitious Roadmap: Aggressive Growth and New Partnerships</h1>
With a business model that shifts user engagement and marketing investment to clients, Vault emerges as a very profitable venture that generates revenue at all stages of work. The company’s ambitious plans include reaching the milestone of $60 million as early as 2024 and then triple that figure, achieving $180 million by 2025. As per Gorbunov, both of these objectives are feasible, given the current demand for solutions like Vault and market size.
Another strategically important direction on Vault’s roadmap is to expand the number of partnerships. In other words, Gorbunov and his team aim to develop something like a marketplace where digital and crypto banking service providers will be able to showcase themselves and their unique propositions.&nbsp;
To date, the list of Vault’s Infrastructure partnerspartner suppliers encompasses tier-1 processing platforms like Checkout.com and Worldpay, prominent crypto exchanges like Binance, OKX, and Kraken, and custodial solutions provided by BitGo and Fireblocks. Gorbunov hinted that there would be hundreds and even thousands of new showcases in the near future.
At the same time, Vault is going to enhance its footprint in North America, Europe, and Asia with the help of local sales agents who are actively involved in scaling the company, benefiting from its profitability. A few other plans include an increase in Vault’s workforce and delving deeper into cooperation with regulated financial institutions.
<h1 dir="ltr" id="span-a-leap-from-b2c-to-b2b-unveiled-span-b-b">A Leap from B2C to B2B Unveiled</h1>
Vault’s foundation was initially part of <a href="//choise.com" target="_blank" rel="noopener noreferrer nofollow">Choise.com</a>, emerging as a B2B facet within the platform’s operations. Nevertheless, the advent of the crypto winter unveiled a market gap and a growing need for turnkey solutions, which catalyzed Vault’s evolution into an independent service. Gorbunov admitted that initially the Choise.com team declined a request for a complete suite of ready-made products, but eventually they found an entirely new market niche, brimming with potential for six-digit revenues.
Choise.com operates in the B2C arena, a segment where Gorbunov has been developing for a long time. It all started in 2017, when he launched Crypterium to connect traditional banking with blockchain technology. While distinctive features enabling users to deposit, withdraw, and exchange cryptocurrencies with ease were part of Crypterium’s offerings, its most formidable strength consistently lay in its robust crypto-fiat infrastructure. Notably, the platform was among the initial few to roll out crypto-banking Visa cards and integrate Apple Pay for transactions.
The rebranding to Choise.com marked the company’s significant evolution as it introduced a platform that merged Crypterium’s CeFi infrastructure with DeFi products not only to make cryptocurrencies simpler and more convenient but also to provide users with increased earnings. So, in essence, Vault is an organic continuation of Gorbunov’s exciting journey as it leverages this disruptive infrastructure of Choise.com that has been nurtured for years.
And now imagine the efficiency and cost-effectiveness of Vault: clients only spend between $60,000 and $150,000 for onboarding and approximately $10,000 monthly for maintenance. This investment covers comprehensive support for licenses, KYC, compliance, and all essential tools. Moreover, clients can expect a ready-made solution in just 10 days. While the launch process may extend to five or six weeks in some instances, it remains significantly quicker and more budget-friendly than traditional methods, which require continuous funding at each development stage.&nbsp;
Vault, having navigated the complexities of establishing a digital/crypto banking business itself, now guides newcomers in the fintech market, preventing them from common pitfalls while saving both their time and money.
<h1 dir="ltr" id="span-b2b-pursuits-to-propel-cho-token-span-b-b">B2B Pursuits to Propel CHO Token</h1>
Gorbunov stressed that while Vault had leveraged certain advantages in its transition to a B2B model, the team was also actively working on expanding their B2C endeavors with Choise.com. He disclosed that significant developments for Choise.com were slated for release this year, with major updates to be announced to the community shortly.&nbsp;
These advancements include enhancements to the CHO token, the central currency of the Choise.com ecosystem. Gorbunov mentioned that they were refining the token's model to align it with Vault's B2B strategy while ensuring its continued value to token holders. He also expressed optimism that the successes achieved by Vault would similarly elevate CHO.
Introduced in 2022, CHO is utilized for various purposes, including staking, voting, promotional activities, and covering gas fees within the Choise.com platform. Having surged by over 150% in just four days, the token is currently changing hands at above $0.03. CHO’s market capitalization stands at more than $3 billion, with about 11% of its tokens actively circulating.
Vault’s model of offering customizable, efficient, and cost-effective digital/crypto banking white label solutions resonates with a wide array of clients, driving its ambitious growth plans. While the company’s inception, rooted in the challenges of the crypto winter, symbolizes resilience and adaptability, its rapid ascent signifies a shift in the fintech landscape, highlighting the potential for innovative business models to thrive amidst market fluctuations and evolving customer needs.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vault-heads-for-180m-revenue-to-dominate-the-50-billion-digital-crypto-banking-niche-tbt82587.html">https://thebittimes.com/vault-heads-for-180m-revenue-to-dominate-the-50-billion-digital-crypto-banking-niche-tbt82587.html</a>

Vault Heads for $180M Revenue to Dominate the $50 Billion Digital Crypto Banking Niche

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