No, we are a technology platform that enables smart money and improves user experiences with payments. We leave the handling of money to banks and other financial institutions.

You can create money with Vaiu with constraints. For example, you can set a geographic boundary (Paris), and a time (Tuesday afternoon), and anything else (e.g. if it is raining in San Diego).

Whereas credit cards cost money to process, cash is accepted at no extra cost to the merchant. There is also no processing fee imposed on the payer by the receiver. There is generally zero risk associated with accepting it. Credit and debit cards come with a fee associated with some level of risk and some cost of processing the payment.

It is actually more secure. Not only is the code generated on the fly which means it cannot be reused, but you can also specify that the code only be used for a certain transaction, for example, from a particular merchant.

You cannot buy online with cash. In person, you may not always have cash on hand, may not want to stop by the ATM or simply not want to carry it around. Furthermore, increasingly merchants discourage cash as it slows down the payments process during peak periods (looking for change, making change) and merchants need additional provisions to manage cash.