Frequently Asked Questions
How does Virtiply provide the Virtigold and Virtisilver units in digital format?
The physical gold and silver is stored at one of the secure vaults used by Virtiply. The value of 1 ounce of either gold or silver is then electronically broken down into 100 units and represented on the Virtiply platform for purchase and use.
How is the digital values stored and recorded?
The Virtiply platform is a digital transactional banking platform that provides digital accounts for both customer and merchant use. Every one of the units (VirtiCash (FIAT), VirtiGold, VirtiSilver or VirtiTime) is stored in a separate registered account on the system and accessed by the customers of merchants alike.
After I bought VirtiGold & VirtiSilver, what can I do with it?
Once you bought either VirtiGold or VirtiSilver you can exchange it back to VirtiCash to transact with Virtiply Merchant network, and use it for normal financial transactions like buying goods, payments, bills, transfers etc.
What if I want to change my VirtiGold or VirtiSilver for FIAT money?
It is easy, you will just change it back in the Virtiply platform using your mobile app or web interface.