Vymopay: Telegram-Based Alternative to Crypto Exchange Custody
Vymopay offers an alternative to traditional crypto exchange custody without Know Your Customer (KYC) requirements. Its founders argue that users are not looking for less regulation, but rather less exposure and counterparty risk.
The platform is built entirely inside Telegram, allowing users to manage wallets, payments, exchanges, loans, staking, and AML screening all from a single interface. Vymopay provides up to 500 dedicated wallet addresses per asset, making it suitable for merchants who need to manage multiple customer or supplier transactions.
The platform's 'Shield Address' feature allows users to receive payments without revealing their real wallet address. This is achieved through automatic AML screening and asset conversion at the forwarding stage. Vymopay also includes a built-in exchange, allowing users to trade with market and limit orders.