Wexo, a crypto platform, is revolutionizing the integration of crypto payments into daily life. With its innovative features, such as Lightning Network-supported instant transfers and transactions with traditional debit cards, Wexo aims to bridge the gap between crypto and traditional finance.
Despite Bitcoin’s impressive market value of over $1 trillion, its adoption as a widely accepted payment method remains low. Reports from the Federal Reserve indicate that only 1% of Americans used crypto for purchases in 2023, and less than 2% of Bitcoin transactions in the same year were used for commerce.
To address this limited acceptance, Wexo is dedicated to connecting businesses and individuals through its suite of financial services for efficient digital asset management. The platform ensures easy navigation and utilization of digital assets, even for newcomers, with its secure structure and user-friendly interface.
One of Wexo’s key features is its application tailored for businesses to handle transactions via the Bitcoin Lightning Network. This technology enables instant and low-cost Bitcoin payments. The app also features wPOS terminals, allowing businesses to accept crypto payments via a smartphone app, eliminating the need for additional on-site devices.
Wexo simplifies digital asset management with features like Crypto Standing Instructions, which enable users to schedule recurring payments and streamline regular transactions. The platform also supports cross-border transactions within Europe through its SEPA-enabled wallet service, providing seamless fiat deposits and withdrawals.
A standout feature of Wexo is its global map, which helps users locate businesses that accept Bitcoin. This map allows businesses using app-based virtual terminals to attract new customers by adding themselves to the map. Additionally, Wexo supports transactions via regular payment cards, Apple Pay, and Google Pay, making it easy for users to acquire digital assets.
Recognizing the increasing need for seamless connectivity, Wexo is launching an e-SIM program that allows users to order local mobile data packages while traveling, making Bitcoin a global currency.
After integrating digital assets with traditional finance, Wexo plans to introduce various loyalty programs, including Bitcoin Cashback, where entrepreneurs can provide cashback discounts to their regular paying customers’ Bitcoin Lightning wallets. The platform will also launch a global gift card program, allowing users to spend their crypto at major retailers.
In addition, Wexo will release a Wexo Kids app to educate the younger generation about crypto and financial habits. The company’s roadmap includes launching liquidity pools and reaching 10,000 acceptance points by 2025, with long-term goals of reaching 50 million active users by 2028.
Overall, Wexo and similar projects are driving the integration of crypto into everyday transactions, bringing us closer to a globally connected economy and making digital assets as common as traditional finance models.