Crypto POS device Wanda Exchange connects traditional finance with digital currencies
The banking industry has changed dramatically by creating a self-service culture with the ATM. The ATM gave people a solution to put their funds to use. The most common cases included impromptu purchases, executing bank transfers, spending more money on recreational activities and withdrawing cash outside of banking hours. The result was an improved consumer experience that made a complex set of transactions more accessible.
Today, people have started to shift away from the cash economy towards the greater banking system looking towards credit and debit cards and similar offerings. Now, as the world shifts away from cash, new financial uses have arisen, many of which involve digital currencies. The only gap left to fill is the use of crypto for everyday uses, which lack the same instantaneity as the ATM.
Responding to this current gap in the market, Wanda Exchange, a company based out of Thailand, has made it their position to make crypto payments more commonplace with their crypto-cash solution, which is currently undergoing the patenting process in Asia, Europe and America. Any user can select an ATM to send crypto online through the team's web app; the cash equivalent will then be made available at the selected cash pick-up point, a process designed to enhance the digital currency user's comfort level.
Under this model, Wanda Exchange's native WE token will become a crucial component to the platform with discounted rates compared to other cryptocurrencies. The benefit to users is the reduced fees which are nearly 50% less for payments or cash withdrawals in WE as in other currencies.
More recently, Wanda Exchange has made the decision to become more independent and is currently in the process of obtaining their own EU
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