Vehid Abdullahi, the inventor of the first Crypto to Fiat Pos Machine, is ready to usher in the cashless future with his enterprise. Before now, crypto transactions were never easier, and the persons engaged in the transactions had to go through several stages before eventually getting the money. Vehid Abdullahi stepped up and paved the door for the entire globe to interact effortlessly.
Vehid Abdullahi, the CEO of Pallapay, has been in the sector for over 15 years, allowing him to witness the before and after of the FinTech world, and he is overjoyed that people are now seeing the long-awaited transformation. Pallapay is the first payment solution in the Middle East that enables businesses worldwide to accept, process, and distribute crypto payments through its product suite, and it is one of the world’s leading payment service providers. You no longer need to be concerned about growing your business or paying or receiving money because Pallapay has taken care of everything.
Vehid’s Business Model
Other than Pallapay, Vehid Abdullah has started a number of firms in other parts of the world to ensure that the procedures work smoothly. Pallapay Pvt. Ltd., PALLA DMCC – DUBAI Singapore, Palladium Payment Services LLC – DUBAI, Palladium International FZ LLE – Fujairah, NEXSES Inc. – USA, Platzo Pay – USA, and Platzo Marketplace – USA are among the companies involved. He is ensuring that different sections of the world get the benefits of a cashless economy and come on board with the transformation.
This approach and the ability to effect change have earned Vehid Abdullahi a lot of respect, and his company was named Most Trusted Crypto Project 2021 at the Crypto Expo Dubai. Businesses on a large scale like to trade their money with Pallapay to avoid difficulty and irritation.
How Did It All Begin?
It all started in 2012 when he was working with payment processing systems for merchants and E-commerce. Everything was well until 2018 when the cryptocurrency boom occurred. He observed that the world payment system and financial system are transitioning to crypto as it grows by the day, much as the financial system transitioned from cash to cards.
As a result, he was compelled to create the first crypto-to-fiat payment mechanism, allowing businesses and e-commerce to take cryptocurrency without needing to understand the technology or be concerned about market inflation. This was also a moment when many other companies were significantly investing in this new altered sector of FinTech and were ready to make the switch. Fortunately, when Covid arrived and individuals were compelled to become cashless and make internet transactions, their revenues quadrupled and tripled. In the end, it worked out well since those who were not ready to embrace it initially learned about it and are continuing to work in the same manner.
Vehid Abdullahi is one of the few names who have been a part of the transformation from the beginning and has extensive knowledge of the subject. His organization is well-known among large corporations and individuals due to his trustworthiness.