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Decode finance jargon with Kite

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Terms starting with V

Showing 5 of 5

Explain it like a bankFlips every card at once

Validator

→

A node that proposes and confirms blocks, and earns fees for doing it honestly. Misbehave and the stake it put up is taken away.

NodeStakingConsensus

Validator

What you already know this as

A clearing bank in the settlement process, with a performance bond it forfeits for getting it wrong.

VASP

also called virtual asset service provider
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The regulatory name for a business that handles crypto on other people's behalf: exchanges, custodians, transfer services. Being one means licensing, monitoring and reporting duties.

FATFAMLKYC

VASP

What you already know this as

A regulated financial institution, with the same rulebook and the same regulator paying attention.

VietQR

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Vietnam's standard bank transfer QR code. It appears on café counters, on printed bills and on phone screens, and every domestic banking app reads it.

Merchant QRPromptPayInteroperability

VietQR

What you already know this as

A national QR standard sitting on top of the domestic transfer rail.

Virtual card

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A card issued as numbers only, usable online and in Apple Pay or Google Pay the moment it exists. No plastic, no post.

Stablecoin cardPhysical cardTokenised card

Virtual card

What you already know this as

The virtual card a neobank issues you in-app while the physical one is still in the envelope.

In Kite: Your Kite card is issued virtually and works straight away. Add it to Apple Pay or Google Pay and tap.

Volatility

→

How violently a price moves. It is the reason stablecoins exist, and the reason nobody wants their rent money in something else.

StablecoinBull marketPeg

Volatility

What you already know this as

Standard deviation of returns, the same measure a risk desk has always used.

All 5 terms shown.