Electronic Money Exchange Monitor

Telebank is a system for distant banking services offered by VTB Bank: you can operate your bank accounts or cards anytime and anyplace – online, by cell phone or land line. VTB Telebank customers easily buy and sell foreign exchange, make transfers, deposit funds, top up their credit cards, pay utility bills, etc.

Tether is a system using blockchain technologies to convert cash to/from digital money while anchoring or tethering the value of its cryptocurrencies to the price of national currencies such as US dollar, euro, etc. An automatic proof of reserves process for money deposited in the Tether system is a nice and efficient alternative to traditional proof of solvency methods for electronic wallet holders.