The invisible bank costs all of us 10%
The current banking system forces business to hold and manage money as a bank which incurs costs and risks that we pay. We can break this model through direct payments to all parties as it happens.
Be in control of your cash flow
Let’s switch from dumb money of the plastic card or paper to smart money where the payment goes to all parties at once, whether 1c or $100 and not into the invisible banking model due to the constraints of the current banking process.
We do this through your wallet that allows payments directly to the providers where ever they are without the fees and time restrictions the current banking system imposes on us.
We can then remove the banks' costs incurred through credit card charges (3-6%), slow processing times and minimum fee constraints that force a business to become a bank. This adds more fees as the business pays to handle those funds (bookkeeper, risks, cash flow) and leaves fewer funds to pay out to the real people who delivered the service or product.
We have operating businesses in the Yoga space and have experienced the pain and decided to fix it.
Use Cases
"I can now have the student pay the teacher as the class happens, and my landlord as well saving me bank and bookkeeper costs, a 7.9% saving."
Phil Goodwin - Yoga Studio
"We can now pay our yoga teachers anywhere in the world as soon as their class is watched, so they can now get 80% payment instead of us giving 9% to the banks and paying seven days later."
Peter Tippett - Online Yoga www.bodymindlife.online
"Subscriptions are broken as we are seeing students attending a class paying from $6 to $40 and just not able to balance this, it is just not right."
Phil Goodwin
This information has come from real data, and we will shortly be activating this in our businesses as we move towards full release.
Solution
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Digital Wallet
Allows access to the smart money mode of the Vault3 system with full receipts.
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API Interface
Allows sites to connect to vault3 with SDK's already built for MindBody Online and QR codes.
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Global Stable coin
A stable coin linked to local currency and fully backed to remove the volatility of crypto coins.
Learn more
"Small business is the invisible bank we deal with daily as they take our money and hold it before paying their suppliers or providers of a service they have facilitated."
"We are paying more than we should as the old school banking system is broken and to hide this, the subscription model was created to spread the costs so some of us pay for others to benefit."
"Our legacy financial infrastructure has both limited growth opportunities and contributed to the inequality of opportunities."
Follow us on our blog site
About Us
Peter Tippett
Phil Goodwin
During covid we built an online Yoga platform to allow teachers to follow their passion and be rewarded. We found that to reward them as we wanted, we need to fix a bigger problem, the constraints of the banking system that was placed on us. Vault3 was born from this as we joined with Celo who followed our beliefs of a better world.
WHY
A community can now be a country and capture the value for themselves.
For too long, the communities who inspired us have been used as targets for big business, banks, and governments to extract value from them. It is time we rewrite this as we now have the ability to allow a community to become a country with its own internal economy.
Vault3 is bringing the new pay-everyone-at-once payment rail that removes all intermediaries and allows direct value transfer and connection between each, resetting the worth value and allowing value to stay inside the community.
Learn more at www.kulafoundation.xyz
