Vonage
Case Studies
BitQuick Enhances Transaction Security and Efficiency with Vonage Verify API
Overview
BitQuick Enhances Transaction Security and Efficiency with Vonage Verify APIVonage |
Application Infrastructure & Middleware - Blockchain | |
Telecommunications | |
Procurement Quality Assurance | |
Fraud Detection Machine to Machine Payments | |
System Integration | |
Operational Impact
The implementation of Vonage Verify API brought significant operational benefits to BitQuick. The solution effectively reduced the number of holds on unpaid orders, thereby increasing the amount of bitcoin available for legitimate purchasers. This not only improved the efficiency of BitQuick's operations but also enhanced the user experience on the platform. Furthermore, the solution helped to legitimize online purchases, which in turn boosted the Average Revenue Per User (ARPU) for each of their users. The successful integration of Vonage Verify API has positioned BitQuick for future global expansion, with the ability to instantly verify users globally. | |
Quantitative Benefit
Increased order success rate from 35% to 55% | |
Doubled overall transaction volume during the initial 60 days after implementing Vonage Verify API | |
Accurate and predictable cost forecasting as volume increased due to paying only for users who correctly verified their mobile numbers | |