Veritaseum is basically just a software that allows you to make payments to another person. They also have some other features for tracking payments like incoming rent or research.
So what can be done with P2P Payments? You can pay someone. They can pay you. You can use smart contacts to not release funds until item or service is received.
Does this coin deserve to be on the top 50? No, if the software was widely used with millions of members then yes. Till that day I think this coin is not worthy of top 100 ranking.
At it’s simplest, Veritaseum is the gateway to peer-to-peer capital markets. It allows any two or more individuals to deal directly with each other in transactions of value without reliance on centralized or authoritative third parties. They can do this without concern for credit or counter-party risk. Phenomenal, right? Of course, this begs the question… How is this done? Let’s start with how it’s not done. Veritaseum is not a broker, a fund, a bank or an exchange. It is distributed, serverless software! To explain what we are, let’s take a quick history lesson.
