Zypto is developing technologies to facilitate the use of blockchain-based digital assets in everyday transactions, aiming to replace local currencies or provide a robust alternative. ^[1][2]

Overview

Founded in September 2023, Zypto aims to develop technologies, products, and services to facilitate the use of blockchain-based digital assets in everyday transactions. The company envisions these assets replacing local currencies or serving as an alternative.

With companies and strategic partnerships across the European Union, the USA, the Middle East, Asia, Latin America, and Africa, Zypto focuses on collaboration with local experts. Zypto’s offerings include the Zypto App, a mobile application, Zypto Pay, and the Zypto Network and a blockchain community. Its core values are agility, innovation, community, and integrity.^[1][2][3][4]

Products

Zypto App

The Zypto App, designed for Android and iOS, launched in May 2024. The app aims to simplify the use of cryptocurrencies, making them as accessible as local currencies, and supports transfers between traditional financial systems and blockchains.

Key features include DeFi and CeFi wallets, Zypto Pay closed-loop payments, P2P transfers, and various payment options such as prepaid cards and gift cards. Planned additions for 2024 include Zypto Pay merchant functions and a ZYP Rewards System.^[1][5][6]

Zypto Wallets

Zypto offers two types of wallets: a managed wallet (CeFi) and a decentralised wallet (DeFi). The managed wallet, called Zypto Wallet, aims to facilitate instant transfers without gas fees while keeping the balance private. It allows transactions via email, SMS, or social media and supports merchant payments.

The DeFi wallet provides users with full control over their funds through private keys, though transactions are visible on the blockchain. It is necessary for participating in the DeFi economy and can be accessed through the app’s dApp browser.

Zypto's closed-loop transfer system aims to enable instant peer-to-peer payments using contact details, bypassing gas fees and enhancing privacy compared to traditional blockchain transactions.^[1][6]

Local Currency Options

Zypto provides methods for converting cryptocurrency to local currency or facilitating local currency payments. The app aims to allow users to transfer crypto to a bank account, use physical or virtual prepaid cards, purchase gift cards, and pay bills in cryptocurrency. Currently, the Crypto Bill Payments system is available for US-based billers, with plans for future expansion.^[1]

Rewards and Referral Programs

Zypto's rewards system, using ZYPs (Zypto Points), aims to offer users incentives for various activities, such as referrals, completing tasks, and social media engagement. ZYPs are used within the app for purchases or to boost cashback perks.

The referral program provides ZYPs for referring others and ongoing rewards based on their transactions. Rewards are credited daily, with unclaimed ZYPs contributing to a prize pool for future giveaways and contests.^[1]

Zyptoverse

The Zyptoverse aims to position the Zypto App as a key platform for web3 gaming. It is planned to include play-to-earn (P2E) games, races, challenges, and battles. Users are expected to enhance their Zyptoid NFTs for improved performance. Further details about the Zyptoverse will be provided in future updates.^[1]

Zypto Pay

Zypto Pay, acquired from FCF Pay in November 2023, aims to provide a multichain payment gateway and custodial wallet infrastructure. It is designed to support various prepaid products, including Visa/MasterCard and gift cards, and features a closed-loop payment system to bypass gas fees.

The system seeks to integrate with existing platforms through a straightforward API and leverage partners to convert cryptocurrency to fiat^[1][7]

Zypto Network

The Zypto Network aims to address various issues in blockchain payments, including high fees, centralization, and regulatory challenges. It is designed to enhance transaction speed, compatibility, and data integration between blockchain and fiat systems. Detailed information about the blockchain will be provided once it is ready to tackle these challenges.^[1]

USDC-to-Cash

Zypto aims to provide a USDC-to-Cash service in collaboration with MoneyGram, a prominent entity in money transfers. This integration enables users to cash in or cash out USDC directly within the Zypto App at participating MoneyGram locations, without requiring a bank account or credit/debit card. The service seeks to enhance accessibility for users engaging in cryptocurrency transactions.^[9][10]

Tokenomics

Zypto Token ($ZYPTO)

The Zypto Token, $ZYPTO, is an ERC20 token used within the Zypto ecosystem. It is designed to provide utilities such as rewards within the Zypto App and Zypto Pay. The token is also intended to have a significant role in the Zypto Network blockchain in the future. Additionally, $ZYPTO operates under its own legal entity, a foundation.^[1][8]