VPal in today`s market seems to certainly have become the currency of choice for people in the world, being a software-based payment system, distribution currency exchange and virtual currency company. Some of VPAL`s most attractive features are that the currency accepts transactions in many different traditional currencies such as dollar, euro, Yuan, gold, and silver in addition to VPAL`s virtual currencies being fast, secure, and nearly free for transactions. What`s even better is that VPAL does not put restrictions on the use of who uses its currencies as VPAL can be used by individuals, business, traders, and market makers. VPAL has to date sold an estimated 12.1 million in its VPL currency which equivalents to 12.1 million units in the market having a total circulation of volume, which to many in the public could be considered to be the most influential virtual currency yet. During the initial beginning period that VPAL was on the market, over an estimated 10 million units of its currency was launched with an additional 10%, or 1 million units being issued per month during the first three years approximately.
It is due largely in part to those millions of units being issued, that VPAL has enjoyed an investment boom in its currency worldwide. July 12th of 2014 is when VPAL first launched its online opening price of RMB 331/one and also when the currency of VPL began to make the public pay attention, drawing more eyes to the new currency variety of style while one month later VPAL would reach its highest level in price at an RMB 997/ one. Other features of VPAL which have made it stand out from other systems and currencies is that the VPAL system can pay, accept and store any currency, including legal tenders such as USD, Euro, RMB and so on. Furthermore VPAL includes virtual currencies such as Bitcoin, Litecoin, other virtual currency, gold currency, silver and other metal currencies.Vpal is not only a kind of currency, it is more like a platform and provides an industrial standard as well.
Analysts have said even though Vpal has began to evolve, that its platform system has continued to take huge leaps towards resolving the concept of currency issue.VPAL has given creators money value opportunities by using innovative issuing mechanisms such as legal tenders to obtain value. With VPAL`s algorithm of virtual currency, the total number of currency was made in limited amounts to be set in place for avoiding inflation which is another great factor to VPAL`s system that is made possible adopting innovative modes of inviting to generate new purses. In addition to this Vpal endows a great co-movement created as a new concept with the “Currency of Social Contact”, with more importantly an issuing mechanism which is innovated by Vpal enabling more people to hold, utilize, spread and possess the inborn elements of becoming a current money.
It has been predicted by many in the public that VPAL could likely become one of the currencies used all over the world especially since the VPAL system has as a lot of people would say, proved itself to be durable enough for preparation of global isolated islands that could break through and reduce financial system, in addition to obstruction, as well as strengthen the financial efficiency constructing a global internet financial system with an unified protocol. Though Vpal only makes some innovations in its issuing mechanism, its system continues to follow some technologies of Bitcoin and RIPPLE in currency storage deals as well as in payment systems, not to mention many people have tended to query Vpal at the initial stage just like Bitcoin. One noticeable query of VPAL is that it has no open source codes and that there is also different points of view in VPAL`s special properties, all of which has inevitably contributed to the majority of these currencies prompt popularity. VPAL also has taken on the role of becoming a reliable currency and business investment to its investors especially with having precautions in place to protect investor`s benefits and control risk while maintaining privacy by keeping source codes private since the launch for security reasons as well as for a stable operation.
Other outstanding features that make VPAL attractive is the fact that it makes payments and transaction costs lower, has transactions and payments in any currency which makes itself regulating and that it uses optimal channels for lower transaction cost. There is also no central agency to delay transactions or to add middleman charges and international wire transfers take only up to a few seconds as opposed to other currencies that can take anywhere up to a few days, in addition to this VPAL is also available 24/7 so it can be traded around the clock for those looking to trade or to be market makers in any currency. VPAL was created as a result of RTXP which is a new protocol that has emerged as the gold standard for modern monetary transactions. Vpal is a virtual currency and a set of protocols that supports the global payment systems as VPAL is to RTXP as Gmail is to SMTP – providing services, as well as optimization and expansion.