fbpx

Category: WadzPay Analysis

Why Tesla Buying Bitcoin is Even Bigger News than it Seems!

Those who checked Bitcoin’s (BTC) price over 8th-9th February (~+20%) might have experienced a confluent state of excitement and confusion. The collective intensity of the sound waves emanating from the shouts of joy of Bitcoin ‘HODLers’ all over the…

Learn More

What is Decentralised Finance (DeFi)? Why is it a ‘Big Word’ in 2021?

Decentralised Finance (DeFi) has recently been one of the hottest abbreviations in the cryptocurrency world. A lot of people want to invest in DeFi and use the term, but few understand what it really means? Simply put, DeFi is a game changer. DeFi ca…

Learn More

Why are Sovereign Digital Currencies Inevitable?

Cryptocurrencies are undeniably here to stay and governments around the world don’t want to be left behind. Driven by the rising interest in contactless payment, the high cost of cash, and reservations over the volatility in some cryptocurrencies, co…

Learn More

Confused by Token Types? What Type is WadzPay Token (WTK)?

Cryptocurrency fans must be familiar with the word “token”. Before deciding on which to buy, it is wise to confirm what type of token (or coin) the asset is classed as. However, there are thousands of tokens created and millions of people investing i…

Learn More

How Cryptocurrencies are Gamechangers for Charity & Philanthropy

Driving Financial Inclusion whilst enabling broader acceptance has always been the mission of WadzPay. With the adoption of Blockchain technology, transactions will be more accessible, scalable, agile, and efficient than ever before. As we move forwa…

Learn More

Cash is not king in China. The popularity of mobile payments.

Over the last few years, mobile payment has sprung up in all Chinese cities as a preference over cash and cards. Mobile payments are used when people buy goods or services from various businesses ranging from street vendors, supermarket chains to fan…

Learn More

WADZPAY WANTS TO REACH ASIA’S UNBANKED WITH BLOCKCHAIN

Blockchain technology’s most common application are cryptocurrencies, which have largely remained as an alternative investment instrument for the tech- and financially-savvy. The technology remains somewhat nascent, but some people have already written it off, with many citing the major cryptocurrencies’ volatility and their trading platforms’ high withdrawal charges as reasons.

NEW CHALLENGER

Singapore-based firm WadzPay is intending to change this by leveraging on blockchain technology and existing cryptocurrencies to create a global payment platform for merchants. According to WadzPay, blockchain technology enables fast and secure payment transactions, which are performed millions of times daily between consumers and businesses. The company wants to build on this by creating an infrastructure that provides additional benefits. For one, WadzPay platform promises easy plug-and-play integration into major online shopping carts for quick and easy adoption. WadzPay near-zero payment fees is another key advantage, especially for cross-border transactions. Finally, the platform also accepts existing cryptocurrencies. They can thus be spent meaningfully instead of remaining a niche investment vehicle.

Wadz phone app payment platform startup
WADZPAY ROADMAP

WadzPay smartphone app is already in beta testing. The firm has shared that the platform will be offered in Indonesia and Vietnam first, as the two countries have an estimated 200 million people who are under served by banks and other traditional financial institutions.

According to WadzPay, around 50,000 merchants in Indonesia and another 5,000 in Vietnam have expressed interest. The on-boarding process for them will begin in the first quarter of 2020. Other developments such as supply chain management are in the pipeline for the fledgling company.

POTENTIAL GAME CHANGER

Our interest lies in its core product though. After all, should WadzPay platform be successful and see widespread adoption, the company would potentially open a new chapter in blockchain technology and demonstrate its viability as a solution for the unbanked. That would, in turn, drastically alter the financial market and its existing players.

Source: https://www.augustman.com/sg/gear/tech/singapore-startup-wadz-blockchain-payment-platform/

Learn More