VRCS setup
Set up VRCS for automatic stablecoin conversions in your gateway, providing a stable and reliable solution for crypto transactions.
Last updated
Set up VRCS for automatic stablecoin conversions in your gateway, providing a stable and reliable solution for crypto transactions.
Last updated
To avoid cryptocurrency volatility, 0xProcessing has a feature of automatic conversion to stablecoins. When a merchant's client pays for one of the currencies with VRCS feature enabled, the received funds are automatically converted into one of the stablecoins supported by 0xProcessing.
Cryptocurrencies with available VRCS function:
BTC, DASH, DOGE, ETH, LTC, XRP, TRX, BNB, ETH (BEP20), ADA (BEP20), AVAX, MATIC, ETH (ARB1), BCH
The minimum amount for conversion is 10 USD. If the amount received is less, the conversion will be completed after receipt of additional funds.
Stablecoins to which conversion takes place:
USDT (ERC20, TRC20, BEP20)
You can activate your Volatility Risk Control System through the technical support service or inside the platform by filling out the form ( menu Settings/ Currency management/ Enable VRCS).
As long as your VRCS is not activated, you are not insured against losing money due to the volatility of cryptocurrencies.
Set VRCS parameters
Section for setting minimum withdrawal amount to be reached in VRCS before processing to the merchant balance. Merchant\Currency managment
The minimum amount of conversion from VRCS balance to Merchant's balance is 100 USDT. This limit is set in the Merchant account settings and as soon as this limit is reached the funds are transferred from VRCS balance to the main balance in the selected stablecoin.
Section to select in which stablecoin to hedge selected cryptocurrencies to avoid volatility risk.
Switch currencies
Enable and disable the function for each currency separately.
