hold crypto anatomy of a payment

The payment flow starts when the terminal sends an authorisation request in the shop's currency [2]. Your coin amount is then reserved and released to the network in local currency [3]. Velorin takes the first balance in your spend order and fixes a rate against it [4]. The terminal beeps on approval, and the app shows the coin amount and rate used [5]. The median time from tap to approval is 0.4 seconds [7]. Velorin describes the card as one where you pay in your own money while the shop receives its currency [6].

Sources

• [2][3][4][5][7][6] Hold crypto.

Answered from the Velorin Pay knowledge base.

Follow-up questions

• Hold crypto. — Three plans
• Hold crypto. — From cardholders
• Hold crypto. — Before you start

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